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Monday June 3rd, 2024
Insurance

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...

January 23, 2021 6 min read

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...

January 22, 2021 2 min read

Sri Lanka medical insurance for family members of Buddhist monks

State-run Sri Lanka Insurance has started a medical insurance scheme for family members of Buddhist monks, which will pr...

January 8, 2021 1 min read

Sri Lanka's Union Assurance starts online life insurance app, offers Covid-19 cover

Sri Lanka's Union Assurance, a unit of John Keells Holdings said it had started online platform which makes it easy to p...

December 16, 2020 2 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

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

Budget proposed turnover taxes and super gains taxes

Sri Lanka's Ceylinco June net up with lower life insurance transfers

Ceylinco Insurance Plc said that its profits grew 215 percent to 1.8 billion rupees in the June quarter from a year earl...

August 13, 2019 1 min read

Sri Lanka health insurance costly, but potential to grow: report

ECONOMYNEXT – The high cost of health insurance business is a challenge for all insurance companies in Sri Lanka,...

August 9, 2019 2 min read

Sri Lanka's HNB Assurance eyes 15-pct premium growth in 2019

Sri Lanka's HNB Assurance is expecting planning write business of 15 percent in the year to March 2019 with restrictions...

July 21, 2019 2 min read

Weak rupee, higher taxes to prune profits of Sri Lankan insurers

Sri Lanka’s insurance industry growth is likely to slow down and profits reduced owing to a weakened rupee and hi...

June 28, 2019 3 min read

Sri Lanka Insurance develops travel cover for tourists after Easter bombing

Sri Lanka's state-owned Sri Lanka Insurance Corporation (SLIC) is awaiting approval from the government to issue travel ...

June 12, 2019 3 min read

Sri Lanka's Com Bank gains control of Commercial Insurance Brokers

ECONOMYNEXT- Sri Lanka's Commercial Bank has acquired a majority stake in Commercial Insurance Brokers (Pvt) Ltd after b...

June 3, 2019 1 min read

Rush for terrorism insurance in Sri Lanka after bombings

Thousands of Sri Lankans have subscribed to terrorism insurance within a week after the Easter Sunday Bombings on April ...

Chandeepa Wettasinghe
May 2, 2019 3 min read

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
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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

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