LOIB | Lanka ORIX Insurance Brokers Ltd..

MEDIA BRIEFING

We are pleased to give below description of our company, the role we play in the Insurance market as a professional intermediary and the services offered to our valued customers.

Lanka ORIX Insurance Brokers Ltd. (LOIB), is a wholly owned subsidiary of LOLC which has the backing of the world’s largest leasing company – ORIX Group of Japan with operations in 24 countries worldwide. We ventured into Insurance brokering operations in 1999 and within a short span of nine years we have grown to be among the top three out of over fifty Insurance brokers registered in Sri Lanka.

We also act as the local Re-Insurance representative of Fuji, Fire & Marine Insurance Company of Japan – a Re-insurer rated ‘BBB’ by ‘Standard & Poor’. We have also entered into a strategic alliance with BMS ReInsurance Brokers Ltd. – London, who are ranked among the top 10 in the world.

As a professional intermediary, we offer our services to the insuring public and corporate bodies by providing the following at no extra cost to them.

	Negotiate the most competitive rates and terms with any one of the 16 insurers enabling our clients to enjoy the widest covers available in the market at lowest premium levels.
	Most appropriate covers to match the specific needs of clients taking the various risk factors and exposure into account.
	Efficient claim management on your behalf, following-up with the insurers and meeting all technical issues right up to the settlement, ensuring no hassle to our clients and saving their valuable time.

In addition, due to the recognition of our rapid growth as a professional intermediary and increased volumes of business, some of the leading insurers viz; ‘Ceylinco’, ‘Sri Lanka Insurance’, and ‘Janashakthi’, have their own manned desks at our office enabling the issuance of Insurance policies over the counter. Moreover, we have representatives in each of LOLC’s branch offices, covering 15 districts in the island.

Through our own subsidiary of LOIB Financial Services Limited we can even provide services relating to offshore Insurance products, overseas life/travel Insurance and inter alia.

With the market place becoming more and more competitive, and the stringent practices adopted by the insurers, clients are in need of the services of a professional intermediary to handle the matters relating to Insurance. We are quite confident that with our expertise, professionalism, responsiveness and courteous service coupled with the corporate – strength of the brand image of prestigious ‘LOLC’ (Rated among the top ten brands in Sri Lanka), we can easily deliver the highest quality services expected from an Insurance Broker.

Today marks a new beginning for us. Our Insurance broking will be taken beyond the conventional norms. New dimensions and new products will be introduced into the market and most of all new thinking will come into focus.