Arpico Insurance; ??nsurance for the Living??br /> Richard Pieris & Company, one of the largest and most successful diversified business conglomerates in Sri Lanka, whilst celebrating long standing 80 years of business success with over 42 subsidiaries and employees in excess of 30,000, having developed and controlled another Insurance company for 8 years, ventures into the Insurance Industry under its own identity to further harness the post war potential of the country?? financial sector, with the launch of Arpico Insurance at the Taj Samudra, Colombo. Commenting on this new business venture, Chairman Richard Pieris Group, British Scientist /Engineer, Swiss based industrialist and Visionary entrepreneur Dr. Sena Yaddehige said that ??roup is very optimistic to explore the post war opportunities via well thought out diversification plan. The launch of Arpico Insurance is one such occasion. We are already in stock broking and financial asset management. Thus Insurance is a natural extension to further increase the bouquet of financial services offered by the group?? Plans are also underway to enter into the Leasing and Finance sectors within the forthcoming financial year to be a major force in financial services market in Sri Lanka. Richard Pieris Group posted an all-time high profit from operations during the last financial year with an impressive Rs. 3.4 billion and a post tax profit of 2.2Billionin 2010/11 with an estimated group turnover to reach Rs. 32 billion, a landmark achievement to celebrate the 80th anniversary of the group that speaks volumes for its stability and performance.   Objectives To bring together all Insurers, to bring together who are transacting Insurance and/or Reinsurance business within Sri Lanka, in order to afford opportunities for consultations and co-operation in all matters affecting the common interest and welfare of its Members and the insuring public. To promote and maintain uniform and sound practices and high ethical standards in the insurance business so as to develop confidence and educate the insuring public in any manner as the Member may feel necessary and by monitoring the legislation by making representations to the authorities concerned. To review and examine the insurance practices and techniques in Sri Lanka and in other countries and to make their recommendation after modification and/or alteration to the existing policies and/or tariffs it necessary provided the membership feels it is advantageous to the Insurance Industry. To encourage, actively assist and promote professionalism in insurance through education and training and for this purpose to organize and conduct classes, conferences, seminars, forums, consultations, workshops and meetin