Sri Lanka - Implementing the new RBC
Source: Asia Insurance Review | Aug 2016
The new risk-based capital (RBC) framework for the supervision of the insurance industry in Sri Lanka has been tested and refined since 2011 and was fully implemented since the beginning of 2016. Mr Nihal Ramanayake, the former Director Supervision of Insurance Board of Sri Lanka, shares his views on the benefits and challenges facing the industry as a result of this implementation.
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