Sri Lanka: Developing in the right direction
Source: Asia Insurance Review | Dec 2015
Sri Lanka is growing strongly with a 6.5% economic growth rate for 2015, two percentage points above 2014. Riding on this wave, the insurance industry is adjusting to the spate of regulatory changes over the past few years including RBC and segregation. It is expected that will settle down by early 2017. The regulator is already calling for the sector to develop new products to meet the growing and diverse needs of the people and business.