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Sri Lanka tag returned 87 results

  • Sri Lanka: Insurers' investment risks increase

    Asset risk at Sri Lankan insurers has increased due to the sovereign's weaker credit profile and the consequent lowering of national ratings of some state-owned and private-sector institutions, says Fitch Ratings in a report published yesterday.

    Asia | 18 Feb 2021
  • Sri Lanka: State owned composite insurer shows higher premium income in 2020

    Government-owned Sri Lanka Insurance Corporation (SLIC), a composite insurer, has posted a 30% growth in life insurance premium income to LKR19.2bn ($99m), while its general insurance business reported 7% growth in premium to LKR20.1bn, despite the COVID-19 pandemic.

    Asia | 03 Feb 2021
  • Sri Lanka: Free COVID-19 cover on new online platform

    Union Assurance, a life player in Sri Lanka, is offering free COVID-19 cover to the first 1,000 customers who purchase a protection plan on its newly launched online platform.

    Asia | 17 Dec 2020
  • Sri Lanka: People's Insurance sees strong profitability in 1H

    Sri Lanka-based People's Insurance's regulatory risk-based capital (RBC) ratio improved notably to 271% in 1H2020, from 248% in 2019, helped by strong profitability induced by low motor claims, notes Fitch Ratings.

    Asia | 26 Nov 2020
  • Sri Lanka: Life insurer launches COVID-19 specific cover

    Janashakthi Insurance (Janashakthi), a private life insurer in Sri Lanka has launched a COVID-19 specific insurance plan that provides financial stability as well as enhanced life protection and is customisable as per the customers' needs.

    Asia | 20 Nov 2020
  • Sri Lanka: Insurer offers free COVID-19 cover

    Union Assurance, a private life player in Sri Lanka has launched a free COVID-19 cover for its existing and new policyholders.

    Asia | 13 Nov 2020
  • Sri Lanka: SLIC makes insurance payments easier and safer

    Sri Lanka Insurance Corporation (SLIC), the national insurer of Sri Lanka has facilitated an array of payment channels during the pandemic to ensure the safety and wellbeing of its customers.

    Asia | 13 Nov 2020
  • Sri Lanka: Milliman acquires consulting firm and starts operations

    Milliman, a premier global consulting and actuarial firm, has announced that it is beginning operations in Sri Lanka after an agreement to acquire Colombo-based Spark Actuarial came into effect on 2 November.

    Asia | 05 Nov 2020
  • India launches flash flood guidance services for South Asia

    India has launched first of its kind flash flood guidance services for India and other South Asian countries - Bangladesh, Bhutan, Nepal and Sri Lanka - to issue impact-based forecasting at the watershed and also city level, of floods which are very sudden and of short duration.

    Asia Risk | 28 Oct 2020
  • Sri Lanka: Non-life insurers expect stalled premium growth

    As the COVID-19 pandemic rages on, price competition among non-life insurers in Sri Lanka is likely to intensify as a ban on auto imports and an economic downturn hinder premium growth according to a recent analysis from Fitch Ratings.

    Asia | 16 Sep 2020

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