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Friday November 13th, 2026
Insurance

Sri Lanka Insurance Corp General assigned 'CCC+' IFS and 'A+(lka)' national IFS ratings by Fitch

We expect near-term pressure on underwriting profitability to persist, due to rising exposure to the higher-claim health

February 28, 2025 5 min read

Sri Lanka Insurance Corp Life assigned 'CCC+' IFS and 'A+(lka)' by Fitch

"The ratings reflect SLIC Life's 'Favourable' company profile, and high investment and asset risks,

February 28, 2025 5 min read

Fitch upgrades ratings of 4 Sri Lankan insurers, affirms ratings of 3

The National Rating upgrades are driven by the upgrade of the sovereign's Long-Term Local-Currency IDR

February 6, 2025 6 min read

Sri Lanka's Union Assurance, Sampath Bank in bancassurance partnership

Long-term referral bancassurance partnership for life insurance products

January 31, 2025 1 min read
Sri Lanka's Softlogic Life signs $15mn loan with Finnfund, Norfund

7.5 million dollars from OP Finnfund, and 7.5 million dollars from Norfund

Fitch retains Sri Lanka Insurance Corp General's 'CCC+' and 'A+(lka)' ratings

Insurance losses arising from flooding linked to Cyclone Ditwah to have a limited impact

Sri Lanka Insurance rating downgraded to 'B', outlook negative: Fitch

Fitch Ratings has downgraded the insurer rating of state-run Sri Lanka Insurance Corporation Limited to 'B' from 'B+' wi...

May 3, 2020 6 min read

Sri Lanka's Arpico Insurance says medical and life cover extended to Coronavirus

Arpico Insurance said its strong re-insurance allowed itto make the decision which was backed their chairman Sena Yaddeh...

March 29, 2020 1 min read

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.

Imesh Ranasinghe
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's NITF outlook cut to negative, AA-(lka) rating confirmed

The outlook of Sri Lanka's National Insurance Trust Fund, a fully state-owned insurer which also re-insures some domesti...

December 17, 2019 3 min read

Sri Lanka insurer regulatory capital drops with new accounting rules

Risk -based capitalization (RBC) of Sri Lanka's insurance companies have dropped after the adoption of a new accounting ...

December 3, 2019 3 min read

Sri Lanka’s Softlogic in Rs762mn Sept quarter loss

Sri Lanka’s Softlogic Holdings made a loss of 762 million rupees in the September 2019 quarter compared with profits o...

November 19, 2019 2 min read

Sri Lanka’s Ceylinco Insurance Sept net up 159-pct

Sri Lanka's Ceylinco Insurance net profits shot up 159 percent to 1.7 billion rupees in the September 2019 quarter from ...

November 19, 2019 2 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

Softlogic Life wins top award at Sri Lanka's Effies 2019

Softlogic Life Insurance Plc, has won the gold award for 'brand of the year' at the 2019 Effie Advertising awards in Sr...

September 8, 2019 2 min read

Sri Lanka's Janashakthi Insurance in B2B, digital drive

Sri Lanka's Janashakthi Insurance had been able grow gross written premium above the life industry average so far in 20...

September 6, 2019 2 min read

Sri Lanka's Janashakthi Insurance net down in June on higher claims

Sri Lanka's Janashakthi Insurance Plc, posted a net profit of 127.2 million rupees for the June quarter, down 5 percent ...

August 19, 2019 1 min read

Sri Lanka's Ceylinco June net up with lower life insurance transfers

Ceylinco Insurance Plc said that its profits grew 215 percent to 1.8 billion rupees in the June quarter from a year earl...

August 13, 2019 1 min read

Sri Lanka health insurance costly, but potential to grow: report

ECONOMYNEXT – The high cost of health insurance business is a challenge for all insurance companies in Sri Lanka,...

August 9, 2019 2 min read

Sri Lanka's HNB Assurance eyes 15-pct premium growth in 2019

Sri Lanka's HNB Assurance is expecting planning write business of 15 percent in the year to March 2019 with restrictions...

July 21, 2019 2 min read

Weak rupee, higher taxes to prune profits of Sri Lankan insurers

Sri Lanka’s insurance industry growth is likely to slow down and profits reduced owing to a weakened rupee and hi...

June 28, 2019 3 min read

Sri Lanka Insurance develops travel cover for tourists after Easter bombing

Sri Lanka's state-owned Sri Lanka Insurance Corporation (SLIC) is awaiting approval from the government to issue travel ...

June 12, 2019 3 min read

Sri Lanka's Com Bank gains control of Commercial Insurance Brokers

ECONOMYNEXT- Sri Lanka's Commercial Bank has acquired a majority stake in Commercial Insurance Brokers (Pvt) Ltd after b...

June 3, 2019 1 min read

Rush for terrorism insurance in Sri Lanka after bombings

Thousands of Sri Lankans have subscribed to terrorism insurance within a week after the Easter Sunday Bombings on April ...

Chandeepa Wettasinghe
May 2, 2019 3 min read