In February 2018, Allianz SE entered into an agreement with Janashakthi Insurance to acquire 100% of the latter's subsidiary Janashakthi General Insurance Ltd for SLR16.4 billion (US$106.4 million). Mr Prakash Schaffter, MD, Janashakthi Insurance shares some unique insights on the key attractions for foreign investors in the Sri Lankan market and the value add they bring to the sector.