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Friday November 13th, 2026
Insurance

Sri Lanka insurance premiums to fall amid import controls as new business sought: Fitch

Sri Lanka's general insurance premiums may fall as motor business stalls amid import controls and insurers seek new area...

September 15, 2020 5 min read

Sri Lanka's Softlogic borrows US$15mn from Norway, Finland, for expansion

Sri Lanka's Softlogic Life Insurance said it had signed a deal to get 15 million dollars as subordinated debt from Finni...

September 3, 2020 2 min read

Sri Lanka's AIA Insurance strongly capitalized amid Covid-19

Sri Lanka's AIA Insurance is strongly capitalized above the industry, official data shows, with officials saying its pru...

July 27, 2020 3 min read

Sri Lanka NITF re-insurance deal goes to Everest Re

A 985 million rupee re-insurance deal of state-run National Insurance Trust Fund for for 18 months through 2020/2021 had...

July 23, 2020 1 min read
Sri Lanka insurers raising motor insurance premia after depreciation: Fitch

A government control on ceding civil commotion insurance also pushed up costs

Sri Lanka positive growth momentum to continue: CB Governor

The financial sector was also stable, helping the economy

Sri Lanka's Janashakthi Insurance net down in March quarter

Sri Lanka's Janashakthi Insurance Plc said profits fell 39 percent in the March 2017 quarter from a year earlier amid a ...

May 22, 2017 1 min read

Fairfax Sri Lanka under Fairfirst Insurance brand

Canada-based Fairfax Financial Holdings Ltd, which bought two general insurance businesses in Sri Lanka, said the combin...

March 20, 2017 1 min read

Sri Lanka's NITF re-insures agricultural cover

Sri Lanka's National Insurance Trust Fund (NITF) said it had re-insured its agricultural insurance internationally with ...

February 17, 2017 1 min read

Fitch upgrades Sri Lanka Insurance Corp's outlook to stable

ECONOMYNEXT – Fitch Ratings said it has revised the outlook on Sri Lanka Insurance Corporation's (SLIC) Insurer F...

February 14, 2017 2 min read

Stuart Chapman to head Janashakthi Life

Sri Lanka's Janashakthi Insurance group had appointed Stuart Chapman as Director/Chief Executive Officer from January 01...

January 9, 2017 1 min read

Sri Lanka's Janashakthi net up 12-pct in Sept quarter

Profits at Sri Lanka's Janashakthi Insurance Plc rose 12 percent from a year earlier to Rs159.1 million in the September...

November 17, 2016 1 min read

Sri Lanka’s People’s Leasing & Finance Sept net down 9.8-pct

ECONOMYNEXT – People’s Leasing & Finance’s net profit for the September 2016 quarter fell 9.8% to R...

October 26, 2016 1 min read

Sri Lanka's Asian Alliance to become Softlogic Life Insurance

ECONOMYNEXT - Sri Lanka's Asian Alliance Insurance PLC is to change its name to Softlogic Life Insurance PLC following t...

September 20, 2016 1 min read

Lower tax charge boosts Sri Lanka's People's Insurance June profit

ECONOMYNEXT - Sri Lanka's People's Insurance Company said June 2016 quarter net profit rose 30.1 percent to Rs153 milli...

August 11, 2016 1 min read

Sri Lanka's Continental Insurance seeks public listing

Sri Lanka's Continental Insurance has sought a public listing, its holding company Distilleries Corporation of Sri Lanka...

August 10, 2016 1 min read
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Janashakthi expects Rs4.6bn from Sri Lanka flood claims, profits surge

Sri Lanka's Janashakthi Insurance group said profits grew 159 percent from a year earlier to Rs272 million in the quarte...

August 8, 2016 2 min read

Gehan Rajapakse new chief at Sri Lanka's Amana Takaful

Gehan Rajapakse, a senior insurance sector executive, has been appointed chief executive of Amana Takaful, an Islamic in...

August 1, 2016 1 min read

Sri Lanka undercapitalized small insurers to be hurt by flood claims: Fitch

Claims from a May 2016 floods in Sri Lanka is manageable for the sector but small insurers who were already undercapital...

July 8, 2016 1 min read

Sri Lanka Amana Takaful Life insurance IPO

ECONOMYNEXT - Amana Takaful Life Ltd. is to make an initial public offering of 50 million shares at Rs1.50 a share, a st...

June 27, 2016 1 min read

Sri Lanka's Asian Alliance general insurance unit goes to Fairfax

Sri Lanka's Softologic group has struck a deal to sell general insurance unit of Asian Alliance Insurance to Canada-base...

June 24, 2016 1 min read

Sri Lanka flood insurance claims top Rs15bn, re-insurance costs to rise

ECONOMYNEXT - Sri Lanka's insurance claims from a recent flood could be around 15.5 billion rupees, which was manageable...

June 23, 2016 3 min read

Sri Lanka's investment in disaster risk insurance gives fast payoff

COLOMBO, June 13 (Thomson Reuters Foundation) - On April 1, the Sri Lankan government paid Rs300 million ($2 million) as...

June 13, 2016 4 min read

Sri Lanka insurance claims may reach Rs5.0bn: Finance Minister

ECONOMYNEXT - Insurance claims from the household and small businesses may reach 5 billion rupees with two largest insur...

May 26, 2016 1 min read

Sri Lanka HNB Assurance 'A(lka)' rating confirmed by Fitch

ECONOMYNEXT - Fitch Ratings said it was confirming an 'A(lka)' rating for HNB Assurance (HNBA) and HNB General Insurance...

May 19, 2016 3 min read

Sri Lanka Janashakthi Insurance March net Rs358mn

ECONOMYNEXT – Sri Lanka’s Janashakthi Insurance said March 2016 net profit rose 236% to 358 million rupees...

May 16, 2016 1 min read