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Friday November 13th, 2026
Insurance

Sri Lanka's insurance losses from anti-Rajapaksa riots to top billion rupees: Fitch

We believe gross losses from the riots are likely to exceed LKR1 billion

May 27, 2022 4 min read

Sri Lanka Insurance Corporation downgraded to CC by Fitch amid broken soft-peg

Fitch believes counterparty risk of SLIC's foreign-currency assets have risen

April 23, 2022 7 min read

Sri Lanka budget new taxes to hurt insurer profits, premiums to go up: Fitch

Budget proposed turnover taxes and super gains taxes

November 25, 2021 4 min read

Sri Lanka Insurance 'CCC+' rating confirmed, new Grand Hyatt investment to weaken RBC

New super gains tax to reduce profits

November 25, 2021 4 min read
Expanding insurance access could drive Sri Lanka economic growth: Minister

Discussion held with insurance heads on the development of the sector

How trade unions and ex-President secy blocked Sri Lanka insurance regulation revealed

The company ceased writing new businesses in 2020.

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
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

Janashakthi share buyback pending approval: Sri Lanka regulator

Sri Lanka's insurance regulator has said that a 11 billion rupee share buyback from Janashakthi Insurance has not been a...

February 28, 2018 1 min read

Allianz wraps up Janashakthi buy; says policies to continue

Allianz, a German-based insurer said it had completed an acquisition of Janashakthi General Insurance with regulators gi...

February 26, 2018 1 min read

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...

February 26, 2018 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...

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
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