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Monday June 3rd, 2024
Insurance

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

Sri Lanka failed finance company depositors to Rs9.8bn extra after insurance increased

Depositors of failed Sri Lanka finance companies will get 9.8 billion rupee more with the ceiling on deposits qualified ...

March 19, 2021 2 min read

Sri Lanka stocks extend gains rising 1.9-pct

Sri Lanka stocks gained 1.95 percent on Thursday continuing for the second day, pushed up by LOLC Holdings, Brown Invest...

February 18, 2021 3 min read

Sri Lanka insurer asset risk rise due to sovereign downgrade: Fitch

Asset risk of Sri Lanka insurers, who have around 71 percent of their investments in state or state connected investment...

February 17, 2021 2 min read
Sri Lanka DDR plan reduces risks of insurers: Fitch

Insurers are already under rating watch

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

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.

Imesh Ranasinghe
February 28, 2020 1 min read

Milford Ceylon buys stake in Sri Lanka's Softlogic Life from DEG

Leapfrog Investments a US-based private equity firm has doubled its holding in Sri Lanka's Softlogic Life Insurance to ...

January 16, 2020 1 min read

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

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

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

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

Softlogic Life wins top award at Sri Lanka's Effies 2019

Softlogic Life Insurance Plc, has won the gold award for 'brand of the year' at the 2019 Effie Advertising awards in Sr...

September 8, 2019 2 min read

Sri Lanka's Janashakthi Insurance in B2B, digital drive

Sri Lanka's Janashakthi Insurance had been able grow gross written premium above the life industry average so far in 20...

September 6, 2019 2 min read

Sri Lanka's Janashakthi Insurance net down in June on higher claims

Sri Lanka's Janashakthi Insurance Plc, posted a net profit of 127.2 million rupees for the June quarter, down 5 percent ...

August 19, 2019 1 min read
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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