Notable
To offload equity stake comprising 30,614,059 ordinary shares representing 53.5 percent of the issued share capital,
Reflects SLIC General's 'Favourable' company profile and adequate capital position offset by its high investment and ass
The affirmation reflects SLIC Life's 'Favourable' company profile and adequate capital position
"Several state-owned institutions run vehicles without insurance."
Fitch has subsequently withdrawn the rating.
The suspension has been extended from January 31 to March 3.
7.5 million dollars from OP Finnfund, and 7.5 million dollars from Norfund
Insurance losses arising from flooding linked to Cyclone Ditwah to have a limited impact
IASL launches e-motor card and gives 500 tabs to Sri Lanka Police
National Insurance Trust Fund Board is more exposed to losses due to its lack of retrocession cover
Softlogic says acquisition will strengthen market position
Real returns are higher since the central bank missed its five percent target to raise the cost of living
Discussion held with insurance heads on the development of the sector
The company ceased writing new businesses in 2020.
We expect near-term pressure on underwriting profitability to persist, due to rising exposure to the higher-claim health
| Latest | Last | |
|---|---|---|
| US Dollar | 330.6231 | 330.3522 |
| UK Pound | 436.3233 | 436.6595 |
| Euro | 371.6865 | 375.8417 |
| Yen | 2.0935 | 2.0856 |
| Aus Dollar | 229.0226 | 231.6760 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.4329 | 3.4425 |
| Korean Won | 0.2433 | 0.2429 |
| Oman Rial | 858.7613 | 858.0354 |
| Saudi Riyal | 88.0628 | 87.9813 |
| UAE Dirham | 90.0145 | 89.9407 |
| pts | % | |
|---|---|---|
| S&P SL20 | 5,883.50 | -0.31% |
| CSE All Share | 20,812.64 | -0.33% |
| Turnover Rs | 873.38 million | 814.88 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
"The ratings reflect SLIC Life's 'Favourable' company profile, and high investment and asset risks,
The National Rating upgrades are driven by the upgrade of the sovereign's Long-Term Local-Currency IDR
Long-term referral bancassurance partnership for life insurance products
A government control on ceding civil commotion insurance also pushed up costs
The financial sector was also stable, helping the economy
Revenues to rise after a directive to remit more SRCCT premia to NITF
The company offers insurance, education, hydropower, healthcare and financial services.
Segment generally profitable in recent years due to relatively low claim incidence, though there were claims in 2022
Two subsidiaries, Sri Lanka Insurance Corporation Life Limited and Sri Lanka Insurance Corporation General Limited
The firm also had the best combined ratio, the statement said.
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