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Cib insurance brokers
Commercial Insurance Brokers (Pvt) Ltd is one of the prominent and leading brokers having generated a business turnover of Rs. 2.5 Billion in the year 2017 in General and Life Insurance, according to the statistics of the Insurance Board of Sri Lanka. We have been in the brokering services since 1987 with excellent record worthy stability, supported by knowledgeable and experienced staff along with an island wide branch network equipped with infrastructure facilities.
Insurance Regulatory Commission of Sri Lanka is the governing body of our company and all insurance related activities are carried out in accordance with its guidelines.
WHY SELECT AN INSURANCE BROKER.
- Professional Recognition.
- Legal status is higher than any other source.
- Professional Indemnity Cover.
- Reduction of Insurance administrative costs.
- Availability of expertise and Professional services of experienced personnel.
- Providing assistance at the time of a claim
- Services will be provided absolutely вЂњFREE OF CHARGEвЂќ
- Centre for Insurance ( Act as an Information Centre or a Library for Insurance and for its market )
- Latest updates in the Market
- Ability to design tailor-made Policies.
- Competitive Premia Rates.
- Selection of an Insurer of your choice.
- Thorough scrutiny of your Policies.
- Assistance in an emergency.
- Tendency for Speedy settlement of Claims.
Advantages of placing your Insurance through Commercial Insurance Brokers (Pvt) Ltd
Insurance is a means to handle risk, its primary function being the substitution of certainty for uncertainty. Man has always been at risk for both accidents of nature and those instigated by his fellow men. Acceptance of these uncertainties as an inevitable part of life is no longer current. The majority of contemporary people and. indeed, organizations regards insurance as an economic and social need. Insurance is a phenomenon that originated as a means of guarding against the most basic and individual risks and has matured into a set of complex arrangements facilitating economic transactions and harmonious social existence.
Insurance is the longest-term business that exists. However, there is yet the tendency to believe that no matter what happens, insurance cover will provide adequate compensation in monetary terms. Such connotations would be real, only where one’s insurance has been carefully planned and put-in-place. In an era of competing alternatives, the identification, analysis, selection and establishment of the best insurance option is undoubtedly a protracted process, which requires specialized knowledge, skill, experience, and commitment.
We, at Commercial Insurance Brokers (Pvt) Ltd, have a continuing friendly rapport with all insurers operating in the country and thus have access to all schemes on offer as well as the facility to design with them tailor-made schemes to suit special needs.
Individuals as well as organizations therefore need no longer take on the onerous task of insurance appraisal and best cover configurations. This and more can professionally and resourcefully be entrusted to CIBL at no extra cost.
Our Company was incorporated in 1987 under the Companies Act No. 17 of 1982 as a private limited liability company styled Commercial Insurance Services (Pvt) Ltd.
In February 1993, the name of the Company was changed to Commercial Insurance Brokers (Pvt) Ltd. (CIBL) for better identification of our activity as an Insurance Broker registered with the Ministry of Finance in terms of legislation in force.
To be an excellent and innovative intermediary in the Insurance industry to achieve success in all our undertakings.
Be a mediator in providing insurance portfolio and risk management services between the insurer and the insured offering appropriate insurance products and services at competitive insurance premiums with the scope of achieving the highest ethical and professional standards.
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