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Sunday June 16th, 2024
Insurance

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.

February 28, 2020 1 min read
Tea
Sri Lanka Insurance, NITF local ratings cut two levels after sovereign downgrade

Fitch Ratings has lowered the local Insurer Financial Strength (IFS) ratings of state-run Sri Lanka Insurance to 'AA(lka...

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Sri Lanka's People's Insurance to provide Covid-19 cover for tourists

Sri Lanka's People's Insurance will provide a 12 dollar Covid-19 insurance policy for tourists visiting the island under...

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...

February 20, 2018 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...

February 5, 2018 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 ...

February 2, 2018 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...

February 2, 2018 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.

December 22, 2017 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...

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
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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

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
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