Key Market Indicators
Sri Lanka's Gross Written Premium is projected to hit approximately $1.45 billion by 2028, climbing from $1.3 billion in 2023. This represents an annual compound growth rate (CAGR) of 1.8%. Since 2019, Sri Lanka's insurance supply has increased at an annual rate of 2.5%. In the global ranking for 2023, Sri Lanka placed 23rd, with Estonia surpassing it by reaching the $1.3 billion mark. The United Kingdom, Germany, and the Netherlands held the second, third, and fourth positions, respectively, in this ranking.
