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Friday November 13th, 2026
Insurance

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

January 31, 2024 4 min read

Sri Lanka Insurance Corporation life and general business split

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

December 19, 2023 1 min read

People's Insurance says tops listed general insurers in pre-tax profits

The firm also had the best combined ratio, the statement said.

December 14, 2023 1 min read

Sri Lanka DDR plan reduces risks of insurers: Fitch

Insurers are already under rating watch

July 24, 2023 3 min read
Sri Lanka's ETF pays 10-pct return to members, below EPF

Real returns are higher since the central bank missed its five percent target to raise the cost of living

Sri Lanka's NITF exposure to terror attacks limited to Rs. 500mn

Sri Lanka's state-owned National Insurance Trust Fund (NITF) will have a maximum exposure of 500 million rupees from the...

Chandeepa Wettasinghe
May 1, 2019 2 min read

Sri Lankans flock to retake terrorism insurance cover

Sri Lankan firms are rushing to re-subscribe to terrorism insurance covers following the Easter Sunday bombings, a top o...

April 25, 2019 3 min read

Sri Lanka's NITF to pay Rs.50mn advance to two bombed hotels

Sri Lanka's state-owned National Insurance Trust Fund will pay 25 million rupees each in advance insurance claims to The...

April 24, 2019 1 min read

Sri Lanka insurance premiums growth slows down to 9.5-pct in 2018

ECONOMYNEXT - Sri Lanka's insurance industry grew 9.5 percent from a year earlier to 175.7 billion rupees in gross writt...

April 4, 2019 2 min read

Sri Lanka car taxes to slow growth in insurance

Sri Lanka's insurance sector will see slower growth due to higher taxes slapped on cars in a budget for 2019, Fitch Rati...

March 22, 2019 4 min read

Leapfrog group buys Sri Lanka Soflogic Life Insurance stake from FMO

A 19-percent stake in Sri Lanka's Softlogic Life Insurance has been sold by the Netherlands-based FMO to the Leapfrog In...

December 19, 2018 1 min read

Big stake sold in Sri Lanka’s Softlogic Insurance for Rs2.18bn

ECONOMYNEXT – A big stake in Sri Lanka’s Softlogic Life Insurance changed hands on the Colombo bourse Wedn...

December 19, 2018 1 min read

Fitch downgrades Sri Lanka Insurance Corp to IFS 'B'

ECONOMYNEXT – Fitch Ratings said it has downgraded the Insurer Financial Strength (IFS) rating of Sri Lanka Insur...

December 5, 2018 2 min read

Sri Lanka's AIA, Sampath Bank partnership for insurance premium payments

ECONOMYNEXT - AIA Insurance Lanka has entered into a partnership with Sampath Bank to enable customers make insurance pr...

November 7, 2018 1 min read

Sri Lanka Co-operative Insurance Company gets BBB+(lka) rating: Fitch

ECONOMYYNEXT - Fitch Ratings has assigned Sri Lanka's Co-operative Insurance Company a BBB+(lka) rating with a stable ou...

September 6, 2018 3 min read
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Fitch affirms AA-(lka) credit rating on Sri Lanka's only reinsurer NITF

ECONOMYYNEXT - Fitch Ratings said it has maintained Sri Lanka's National Insurance Trust Fund at AA-(lka) with a stable ...

September 6, 2018 4 min read

Sri Lanka’s insurance regulator to share information on money laundering with FIU

ECONOMYNEXT – The Insurance Regulatory Commission of Sri Lanka (IRCSL) is to share information on money launderin...

August 27, 2018 2 min read

Sri Lanka’s HNB Assurance June profits up 4-pct

Profits at Sri Lanka's HNB Assurance Plc rose 4 percent from a year earlier to to 106.3 million rupees in the June 2018 ...

August 15, 2018 2 min read

Sri Lanka's Janashakthi Insurance June net flat

Profits at Sri Lanka's Janashakthi Insurance fell 1 percent from a year earlier to 133.9 million rupees in the June 2018...

August 14, 2018 2 min read

Sri Lanka's MBSL Insurance to get Rs1.2bn capital injection

Sri Lanka's Merchant Bank of Sri Lanka and Finance PLC said it will inject 1.2 billion rupees in to an insurance unit, w...

July 20, 2018 2 min read

Sri Lanka Insurance Corp rating weakened by hotel, gas investments

Fitch Ratings said it has affirmed Sri Lanka Insurance Corporation's AA+(lka) rating on its strong domestic business pro...

July 9, 2018 4 min read

Sri Lanka’s Ceylinco expands distribution as foreign competition hots up

ECONOMYNEXT - Sri Lanka’s Ceylinco Insurance PLC will rely on the expansion of its branch network in rural areas ...

June 26, 2018 3 min read

Tax hike to trim profits of Sri Lankan life insurers: Fitch

ECONOMYNEXT – Higher taxes are likely to reduce profits of Sri Lankan life insurance companies, Fitch Ratings sai...

June 6, 2018 2 min read

Sri Lanka's People's Insurance March 2018 net profit edges lower

Sri Lanka’s People’s Insurance said net profit fell 2 percent from a year ago to 211.2 million rupees in t...

May 2, 2018 1 min read

Jude Fernando made Janashakthi Life Chief Executive

Sri Lanka's Janashakthi Life said Jude Fernando has been appointed Chief Executive Officer with effect from 01 May, 2018...

May 1, 2018 2 min read
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