Softlogic Life enters Bangladesh with 60% stake in Diamond Life — the country’s first-ever life insurance acquisition

Softlogic Life Insurance PLC has acquired a 60% stake in Bangladesh’s Diamond Life Insurance Company Ltd., its first international move and a first for the Bangladeshi market. The Sri Lankan insurer enters an under-penetrated market of 170 million people on the back of a decade of ten-fold growth, a 26% ten-year GWP CAGR against an industry average of 16%, and ROE consistently above 30%. Its stated edge is claims: AI-led processing that has made it Sri Lanka’s health and protection claims leader on both scale and speed. The company frames Bangladesh as the first step in a wider South Asian growth strategy.