Softlogic Life completes acquisition of Allianz Life Insurance Lanka

Softlogic Life, a life insurance company based in Sri Lanka, completed on 11 July 2025 the acquisition of 100% of Allianz Life Insurance Lanka, a subsidiary of the German Allianz Group.

The transaction, the amount of which was not disclosed, has been approved by the Insurance Regulatory Commission of Sri Lanka (IRCSL).

Following the acquisition, Allianz Life Insurance Lanka will operate as a wholly owned subsidiary of Softlogic Life and will soon be rebranded as SL Insurance Lanka.