mainadimage
An Echelon Media Company
Sunday July 25th, 2021
Insurance

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...

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 ...

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...

3 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 ...

3 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...

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...

Sri Lanka's Janashakthi Insurance net down 27-pct in Dec, Rs11bn buyback

Profits at Sri Lanka's Janashakthi Insurance, from life and general businesses, fell 27 percent to 623 million rupees in...

1 min read

Sri Lanka’s People’s Insurance Dec quarter net profit down 10-pct

ECONOMYNEXT – Sri Lanka’s People’s Insurance said net profit fell 10% to Rs185 million in the Decem...

1 min read

Allianz to sell-back Sri Lanka land to Janashakthi

Janashakthi General Insurance, which is to be controlled by Germany, Munich based Allianz after a 16.4 billion rupee dea...

1 min read

Allianz boosts Sri Lanka general insurance share to 20-pct with acquisition

Allianz, a Munich, Germany based insurer said it would become the second largest player in the non-life business in Sri ...

2 min read

Sri Lanka's Janashakthi General sold to Allianz for US107mn

Sri Lanka's Janashakthi Insurance Plc said its general insurance unit will be sold to Allianz SE, a Munich based insurer...

1 min read

Sri Lanka's NITF re-insures rising crop risk with Swiss Re

Sri Lanka's state-run National Insurance Trust Fund is re-insuring its agricultural cover amid rising claims.

1 min read

Swiss Re, J.B. Boda win Sri Lanka agri-insurance deal

ECONOMYNEXT – Sri Lanka has chosen the Singapore unit of Swiss insurance group Swiss Re and J.B. Boda & Co, a rei...

1 min read

Sri Lanka’s Janashakthi Insurance net profit down in Sept quarter

ECONOMYNEXT – Sri Lanka’s Janashakthi Insurance said net profit fell 2.5% to Rs155 million in the Septembe...

3 min read

Sri Lanka to provide crop insurance for disasters with tax-payer subsidy

Sri Lanka will start a crop insurance scheme for farmers with part of the premium being paid by tax-payers, amounting to...

1 min read

Sri Lanka to provide agri-insurance with NITF

Sri Lanka's state-run National Insurance Trust Fund will prepare a plan to insure key agricultural crops up to 40,000 ru...

1 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.9000 199.9019
UK Pound 273.9929 273.5957
Euro 235.8120 235.9142
Aus Dollar 147.0165 146.9979
Yen 1.8150 1.8253
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6842 2.6681
Korea Won 0.1736 0.1740
Oman Rial 519.2343 519.2392
Saudi Riyal 53.2910 53.2972
UAE Dirham 54.4220 54.4232
Source: Central Bank/Indicative
pts %
S&P SL20 3,095.09 0.43%
CSE All Share 8,068.33 0.57%
Turnover Rs million. 4,885,333,805.80 3,078,656,097.55
Source: CSE
Latest Last
3-m bill 5.13 5.11
6-m bill 5.16 5.15
12-m bill 5.21 5.20
5-yr bond 7.34 7.33
8-yr bond 7.88 7.86
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.00 5.00
Gilt Repo 5.00 5.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka insurance premiums to rise after frequent floods; NITF hit: Fitch

Sri Lanka's re-insurance premiums on flood cover is likely to rise after a spate of unusual rainfall and insurers has to...

5 min read

Sri Lanka insurance firms face higher tax bill under new law

ECONOMYNEXT – Sri Lankan insurance companies are likely to face higher tax expenses under a new tax law that was ...

2 min read

Sri Lanka's Janashakthi Insurance net down in June

Profits at Sri Lanka's Janashakthi Insurance fell 50 percent to 135 million rupees in the June 2017 quarter from a year ...

1 min read

Sri Lanka's Ceylinco Insurance June quarter net profit up 75-pct

ECONOMYNEXT - Sri Lanka's Ceylinco Insurance Plc said net profits rose 75 percent in the June 2017 quarter to 894 millio...

1 min read

Fitch upgrades Sri Lanka Insurance Corp's rating to 'AA+(lka)'

ECONOMYNEXT - Fitch Ratings has upgraded Sri Lanka Insurance Corporation Limited's (SLIC) National Insurer Financial Str...

4 min read

Sri Lanka insurance premiums rise after spate of natural disasters

Disaster insurance premiums are rising in Sri Lanka after a spate of natural disasters, Minister of Disaster Management ...

1 min read

Sri Lanka's Janashakthi Insurance offers to tow any flood hit vehicle free

Sri Lanka's Janashakthi Insurance said it was offering a service to tow free of charge vehicles hit by recent floods reg...

1 min read

Renaissance Re lead reinsurer for Sri Lanka disaster insurance cover

ECONOMYNEXT – Sri Lanka has selected global catastrophe reinsurance specialist Renaissance Re to be the lead rein...

1 min read

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 ...

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...

1 min read