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Sunday December 4th, 2022
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...

December 17, 2019 3 min read
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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
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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
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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
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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...

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...

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...

December 22, 2017 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...

November 16, 2017 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...

November 12, 2017 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...

September 28, 2017 1 min read

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...

September 13, 2017 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 ...

September 12, 2017 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 ...

August 17, 2017 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...

August 16, 2017 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...

August 11, 2017 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 ...

June 6, 2017 1 min read
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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...

June 5, 2017 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...

May 31, 2017 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 ...

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
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