"Following the completion of the acquisition, Allianz Life is now a fully owned subsidiary of Softlogic Life Insurance PLC and will soon change its name and operate as SL Insurance Lanka Ltd, a subsidiary of Softlogic Life Insurance PLC

Softlogic Life is Sri Lanka’s second largest Life Insurer that recorded Gross Written Premium of LKR 31.6Bn with a market share of 17.2% in 2024. Softlogic Life covers over 1.3 million policyholders, the largest customer base in the industry. Softlogic Life has over 115 branches located throughout the country and has led the market with several digital initiatives that include its renowned one day claim settlement."