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Sri Lanka tag returned 115 results

  • Allianz Asia Pacific partners with INSEAD to upskill agency force

    Allianz Asia Pacific (AZAP) is partnering INSEAD, one of the world's leading business schools, to create a training and certification programme aimed at transforming and upskilling the organisation's life and health business agency salesforce.

    Agents | 03 May 2023
  • Sri Lanka: Insurance industry's pre-tax profit rises by nearly 20% in 2022

    The Sri Lankan insurance industry posted profit before tax (PBT) of LKR50,336m ($156m) in 2022, an increase of 19.36% over 2021, according to statistics released by the Insurance Regulatory Commission.

    Asia | 17 Apr 2023
  • Sri Lanka: Softlogic Life to expand overseas

    Softlogic PLC's life insurance arm, Softlogic Life, is planning to venture into the region.

    Agents | 12 Apr 2023
  • Sri Lanka: Insurance market dominated by simple products

    Sri Lanka's insurance penetration rate is one of the lowest in Asia and the domestic market lacks sophistication, with simple products dominating the life and non-life segments, notes Fitch Ratings.

    Asia | 22 Feb 2023
  • Sri Lanka: AIA appoints board members

    AIA Sri Lanka has appointed Mr Tan Hak Leh as the new chairman of the board of directors. He is the regional chief executive of AIA group with responsibility for the business operations in Thailand, Singapore, Brunei, Malaysia, Cambodia, Myanmar, Vietnam and now, Sri Lanka. He brings in strategic experience and knowledge gained over 30 years across extensive disciplines in the insurance industry in Asia, including 11 years with AIA Group. He is a fellow of the Institute of Actuaries (UK).

    People | 23 Sep 2022
  • South & Southeast Asia: Reinsurers improve underwriting results, but challenges remain

    Reinsurance companies in South and Southeast Asia (S/SEA) posted an improved combined ratio in 2021, although underwriting performance remains pressured with a continued reliance on investments to achieve bottom-line profitability, AM Best notes.

    Asia | 21 Sep 2022
  • Sri Lanka: National Insurance Trust Fund Board faces elevated risks

    Sri Lanka-based National Insurance Trust Fund Board (NITF) faces heightened near-term downside risks to its credit profile, including elevated investment and liquidity risks, uncertainty around the renewal of reinsurance contracts and a weaker financial performance outlook, says Fitch Ratings.

    Asia | 06 Sep 2022
  • 16 winners from seven markets feted at the 7th Asia Trusted Life Agents & Advisers Awards

    This year's Asia Trusted Life Agents & Advisers Awards (the Awards) ceremony on 26 July saw 16 winners from seven markets celebrated for their contributions to the life insurance industry. The winners were chosen from 65 finalists shortlisted from 222 nominations from 12 markets. Due to the uncertain nature of the COVID-19 pandemic, the organisers have chosen to hold the awards presentation virtually.

    Agents | 26 Jul 2022
  • Sri Lanka: Non-life insurance sector shows strong profit increase in 1Q

    Sri Lanka's life insurance market generated a pre-tax profit of LKR3.09bn ($8.6m) in the quarter, down 23.4%, but the general insurance reported a profit of LKR6.3bn, up 51.6% from the corresponding quarter in 2021.

    Asia | 13 Jul 2022
  • Asia: Allianz and HSBC renew bancassurance agreement in key markets

    Allianz Asia Pacific (Allianz) and The Hongkong and Shanghai Banking Corporation (HSBC) yesterday announced a 15-year extension of the bancassurance distribution agreement covering six markets in Asia.

    Asia | 30 Jun 2022

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