Co-operative Insurance
Co-operative Insurance is a Sri Lanka-based private insurance company, founded in 1999 and headquartered in Colombo, offering motor, home, travel, health, and personal insurance products to individual consumers and households in the domestic market.
- Company typePrivate
- Founded1999
- HeadquartersColombo, Sri Lanka
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What Co-operative Insurance does
Co-operative Insurance is a private, for-profit insurance company headquartered in Colombo, Sri Lanka, founded in 1999. The company sells personal-lines insurance products across motor, home, travel, health, and personal insurance categories, serving individual consumers and households in the Sri Lankan market. With a reported headcount of 1,001-5,000 employees, the company operates at a mid-tier scale relative to other local insurers, suggesting a distributed agency, branch, or service network supporting policy issuance, underwriting, and claims handling across its multi-line book.
The business model follows standard general insurance economics: revenue is generated through premium collection on issued policies, with profitability driven by the combined ratio (claims plus expenses versus premiums), investment income on float, and reinsurance arrangements. The product portfolio is concentrated in retail personal lines rather than commercial or industrial lines, implying a customer base skewed toward individual policyholders rather than corporate accounts. Distribution channels, pricing models, and specific underwriting practices are not disclosed in the available data, and the company's primary web presence (ci.lk) did not return substantive content during data collection, limiting visibility into digital channels, product detail, and self-service functionality.
Operationally, the company's longevity (26 years since founding) and sustained headcount suggest an established but locally contained franchise. There is no indication of geographic diversification beyond Sri Lanka, no disclosed subsidiaries, no funding or ownership events, and no publicly available financial metrics in the input material. The lack of disclosed technology, partnerships, or strategic moves in the data set constrains deeper analysis of competitive positioning, capital structure, and growth trajectory.
Co-operative Insurance firmographics
Firmographics- Name
- Co-operative Insurance
- Website
- https://ci.lk
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Co-operative Insurance is a Sri Lanka-based private insurance company, founded in 1999 and headquartered in Colombo, offering motor, home, travel, health, and personal insurance products to individual consumers and households in the domestic market.
- Ownership category
- akta.pro rank
Co-operative Insurance industry classification
Industry- Product category
- General Insurance
- NAICS
- Insurance Carriers and Related Activities (524), Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Personal Auto Insurance (FSAJAMAA)
Keywords
Where Co-operative Insurance is headquartered
LocationHeadquarters
- HQ city
- Colombo
- HQ country
- Sri Lanka
- HQ region
- Asia
Markets served
Co-operative Insurance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Co-operative Insurance product offering
Product offeringCore offering
Co-operative Insurance is a private insurance company headquartered in Colombo, Sri Lanka, founded in 1999. It provides personal insurance solutions across motor, home, travel, health, and other personal lines to individual customers in the Sri Lankan market.
Differentiator
Problem solved
Functional benefit
Products and services
- Motor Insurance Insurance coverage for personal vehicles, addressing risks such as accidents, theft, and damage, targeted at individual vehicle owners in Sri Lanka.
- Home Insurance Insurance coverage for homes and household contents against loss or damage, targeted at individual homeowners and households in Sri Lanka.
- Travel Insurance Insurance coverage for travelers, addressing trip-related and medical risks during travel, targeted at individual consumers in Sri Lanka.
- Health Insurance Insurance coverage for personal medical expenses and health-related risks, targeted at individual consumers in Sri Lanka.
- Personal Insurance General personal insurance coverage for individual consumers, addressing personal risks not specifically covered by the dedicated motor, home, travel, and health lines.
Companies that use Co-operative Insurance
Customer profileIdeal customer profiles1 record
Co-operative Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Co-operative Insurance competitors and assessment
Company assessmentDirect peers
- HNB Assurance: Sri Lankan insurer offering life and general insurance (motor, home, health) leveraging HNB bank's distribution; comparable multi-line carrier with bancassurance-led model.
- Ceylinco Insurance: One of Sri Lanka's largest privately held general insurers, offering motor, home, travel, and personal policies; the closest domestic multi-line competitor with similar product breadth and channel mix.
- Janashakthi Insurance: Sri Lankan general insurer providing motor, fire, marine, and personal lines; comparable domestic multi-line carrier with overlapping customer segments.
- Union Assurance: Sri Lankan composite insurer providing both life and general insurance products including motor and personal lines; comparable in product portfolio and Colombo-based distribution.
- Sri Lanka Insurance Corporation: State-linked general insurer offering motor, fire, marine, and personal lines across Sri Lanka; directly comparable multi-line carrier competing for the same domestic customer base.
Broad incumbents
- Allianz Insurance Lanka: Local arm of global insurer Allianz offering general and life coverage in Sri Lanka; established multinational incumbent with broader product capabilities and international reinsurance backing.
- AIA Insurance Lanka: Subsidiary of global insurer AIA offering life and health products in Sri Lanka; larger, well-capitalized incumbent competing for the same personal-lines wallet share with deeper reinsurance and brand.
Regional players
- Softlogic Life Insurance: Sri Lankan life insurer with growing health and personal lines; regional/domestic peer expanding beyond pure life into adjacent personal insurance where Co-operative Insurance competes.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks4 records
Key highlights5 records
Customer concentration
Co-operative Insurance social profiles
Digital presenceCo-operative Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Co-operative Insurance leadership team
Management profileNumber of profiles
Co-operative Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Co-operative Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Co-operative Insurance
What does Co-operative Insurance do?
Co-operative Insurance is a private insurance company headquartered in Colombo, Sri Lanka, founded in 1999. It provides personal insurance solutions across motor, home, travel, health, and other personal lines to individual customers in the Sri Lankan market.
Is Co-operative Insurance a public or private company?
Co-operative Insurance is a private company. It is classified as unknown and is currently operating.
When was Co-operative Insurance founded?
Co-operative Insurance was founded in 1999. It employs 1,001 to 5,000 people.
Where is Co-operative Insurance based?
Co-operative Insurance is headquartered in Colombo, Sri Lanka, in the Asia region.
Who are Co-operative Insurance's main competitors?
Direct peers on record are HNB Assurance, Ceylinco Insurance, Janashakthi Insurance, Union Assurance and Sri Lanka Insurance Corporation. Broad incumbents are Allianz Insurance Lanka and AIA Insurance Lanka. Softlogic Life Insurance is listed as a regional player.
Does Co-operative Insurance have an API?
No public API is recorded for Co-operative Insurance.
What industry is Co-operative Insurance in?
Co-operative Insurance's product category is General Insurance. Its primary akta.pro industry code is FSAJAMAA, Personal Auto Insurance. Its NAICS code is 524 and its SIC code is 6331.