Sri Lanka Insurance (SLIC), the national insurer of Sri Lanka, has donated disinfectants and face masks to government workers on the frontline of the fight against COVID-19.
Sri Lanka's largest state-owned insurer Sri Lanka Insurance Corporation Limited (SLIC) is expected to see further weakening in investment-related risks because of its sizeable exposure to the sovereign-related assets and any near-term volatility in earnings caused by the COVID-19 pandemic, says Fitch Ratings.
Sri Lanka's state insurer, Sri Lanka Insurance has launched a free insurance cover for all state sector employees who are in the front line in the fight against COVID-19.
With the number of COVID-19 positive cases on the rise in Sri Lanka, private player Ceylinco general insurance has donated two ventilators to a local hospital at a cost of SLR5.9m ($77,000).
As the number of coronavirus cases continues to rise in Sri Lanka, local insurer Arpico Insurance announced that it would cover all related medical and life insurance claims.
The Sri Lankan government has announced a number of relief measures for the public to reduce the impact of the COVID-19 outbreak in the country which has so far infected 100 people in the island nation.
With 52 COVID-19 cases reported across the country, a number of Sri Lankan insurers have gone public to reassure their customers that they will be covered against the virus under their existing policies.
Ceylinco Life, Sri Lanka's biggest life insurer, posted pre-tax profit of LKR8.2bn ($45.1m) for 2019, an increase of 14.7% over 2018, and net profit of LKR6.7bn, which is 15.1% more than in 2018.
Senior attorney-at-law and President's Counsel, Mr Razik Zarook, has been appointed as the chairman of the Insurance Regulatory Commission of Sri Lanka.
Sri Lanka is ageing rapidly and a greater share of the older Sri Lankans will be women, a trend experts refer to as the 'feminisation of ageing'.