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Insurance

Central Bank of Sri Lanka, banks, Treasury, insurers essential services in Coronavirus curfew

Sri Lanka's President Gotabaya has made Central Bank of Sri Lanka, commercial banks, insurances services and the Treasur...

March 26, 2020 1 min read

Sri Lanka's Ceylinco Insurance profits fall in Dec on life insurance transfers

Sri Lanka's Ceylinco Insurance said net profits for the December quarter fell 15 percent to 3.09 billion rupees from a y...

February 28, 2020 1 min read

'Suraksha' student insurance scheme to continue

The government will continue the ‘Suraksha’ student insurance scheme initiated by the previous government.

February 28, 2020 1 min read

Milford Ceylon buys stake in Sri Lanka's Softlogic Life from DEG

Leapfrog Investments a US-based private equity firm has doubled its holding in Sri Lanka's Softlogic Life Insurance to ...

January 16, 2020 1 min read
Sri Lanka insurers to be hit by directive to remit all riot, terrorism income to state re-insurer

Segment generally profitable in recent years due to relatively low claim incidence, though there were claims in 2022

Sri Lanka Insurance Corporation life and general business split

Two subsidiaries, Sri Lanka Insurance Corporation Life Limited and Sri Lanka Insurance Corporation General Limited

Sri Lanka's Insurance giant ends boardroom battle

ECONOMYNEXT - Ending months of acrimony, the country's largest insurance giant has appointed a new board of directors je...

Our Political Correspondent
April 29, 2016 1 min read

Sri Lanka's Asian Alliance Insurance Dec net up 154-pct, expands branches

ECONOMYNEXT - Profits at Sri Lanka's Asian Alliance Insurance in the December 2015 quarter rose 154 percent to 565 milli...

March 11, 2016 2 min read

Sri Lanka’s Janashakthi Insurance chairman to retire

ECONOMYNEXT – Sri Lanka’s Janashakthi Insurance PLC said incumbent non-executive chairman and director W. ...

March 4, 2016 1 min read

Sri Lanka Insurance Corporation downgraded by Fitch

ECONOMYNEXT - Fitch Ratings has downgraded Sri Lanka Insurance Corporation to 'B+' from 'BB-' with a negative outlook, f...

March 2, 2016 2 min read

Sri Lanka's Janashakthi Insurance Dec net up 37-pct

ECONOMYNEXT - Profits at Sri Lank's Janashakthi Insurance Plc in the December 2015 quarter rose 37 percent from a year e...

February 29, 2016 1 min read

Sri Lanka Janashakthi makes Rs940mn profit on property sale to Sanken

ECONOMYNEXT – Sri Lanka’s Janashakthi Insurance PLC said it had made a profit of 940 million rupees on the...

February 1, 2016 1 min read

Janashakthi completes merger with AIA Sri Lanka unit

ECONOMYNEXT – Janashakthi Insurance PLC said it has completed the amalgamation of Janashakthi General Insurance L...

January 31, 2016 1 min read

Sri Lanka's People's Leasing eyes, Bangladesh, Myanmar, Vietnam

ECONOMYNEXT - Sri Lanka's People's Leasing and Finance Plc, the country's largest non-bank lender is mulling expanding i...

January 12, 2016 1 min read

Sri Lanka's People's Insurance falls below offer price

ECONOMYNEXT - Sri Lanka's People's Insurance Company Plc fell below its offer price of 15.00 rupees to trade at 14.80 r...

January 12, 2016 1 min read

Sri Lanka to re-insure domestic re-insurer NITF

ECONOMYNEXT - Sri Lanka will seek international re-insurance for the National Insurance Trust Fund, a domestic state-con...

December 18, 2015 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.5018 332.3603
UK Pound 440.0661 440.9424
Euro 367.7137 368.4879
Yen 2.0793 2.0805
Aus Dollar 226.4670 227.4342
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5357 3.5474
Korean Won 0.2494 0.2492
Oman Rial 863.5962 863.2287
Saudi Riyal 88.5939 88.5586
UAE Dirham 90.5259 90.4874
Source: Central Bank/Indicative
pts %
S&P SL20 6,293.72 -1.13%
CSE All Share 22,024.18 -0.60%
Turnover Rs 3232.70 million 2975.05 million
Source: CSE
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
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's People's Insurance Rs750mn IPO oversubscribed

ECONOMYNEXT - An initial public offer by Sri Lanka's People's Insurance Plc, a unit of listed People's Leasing, of 50 mi...

December 16, 2015 2 min read

Sri Lanka motor insurance growth seen slowing next year

ECONOMYNEXT – Rapid growth in Sri Lanka’s motor insurance sector is expected to slow down next year with t...

December 15, 2015 1 min read

Sri Lanka insurers stable despite rule changes, more transparency: Fitch

ECONOMYNEXT – Sri Lanka’s insurance sector is expected by Fitch Ratings to stay stable despite uncertainty...

December 14, 2015 2 min read

Insurance seen replacing subsidies in Sri Lanka

ECONOMYNEXT – New insurance products could replace unsustainable subsidies in Sri Lanka which have failed to adeq...

December 7, 2015 2 min read

Sri Lanka Janashakthi Insurance develops life insurance for HIV

ECONOMYNEXT - Sri Lanka's Janashakthi Insurance said it had developed a life insurance cover for those diagnosed with HI...

November 30, 2015 2 min read

Sri Lanka Fitch confirms HNB Assurance, HNB General Insurance ratings

ECONOMYNEXT - Fitch Ratings Lanka has confirmed HNB Assurance PLC's (HNBA) National Insurer Financial Strength Rating an...

October 29, 2015 3 min read

Sri Lanka's Janashakthi wraps up AIA General Acquisition

ECONOMYNEXT - Colombo-based Janashakthi Insurance Plc said it had paid 3.2 billion rupees to complete the purchase of a ...

October 23, 2015 1 min read

Sri Lanka Janashakthi gets shareholder nod for Rs3.3bn cash call

ECONOMYNEXT - Sri Lanka's Janashakthi Insurance Plc said shareholders had given the nod to raised 3.35 billion rupees fr...

October 16, 2015 1 min read

Janathakshi Insurance to buy Sri Lanka's AIA general unit for Rs3.2bn

ECONOMYNEXT - Sri Lanka's Janashakthi Insurance Plc said it had reached a deal to buy the general business of AIA Insura...

October 9, 2015 1 min read

Sri Lanka's Janashakthi Insurance net down, premiums up

ECONOMYNEXT - Profits at Sri Lanka's Janashakthi Insurance group fell 50 percent to 94.1 million rupees in the June 2015...

August 14, 2015 2 min read