Swiss Re, J.B. Boda win Sri Lanka agri-insurance deal
Dec 22, 2017 07:22 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka has chosen the Singapore unit of Swiss insurance group Swiss Re and J.B. Boda & Co, a reinsurance brokers in Singapore to cover agricultural insurance, a government spokesman said.
Swiss Re Asia PTE Ltd. and J.B. Boda & Co (S) PTE Ltd. will provide cover for agri-insurance funded by National Insurance Trust Fund for the period of 01-01-2018 to 31-12-2018, Health Minister Rajitha Senaratna told a news conference.
The Cabinet of ministers this week approved the proposal by Prime Minister Ranil Wickremesinghe as the Minister of National Policies and Economic Affairs for the re-insurance.
Agri-insurance provided by National Insurance Trust Fund has increased in recent times owing to bad weather with successive bouts of droughts and floods.
(COLOMBO, December 22, 2017)