Sri Lanka's insurance regulator, the Insurance Regulatory Commission of Sri Lanka (IRCSL) has launched a nation-wide campaign to increase awareness on the benefits of insurance and to promote financial literacy.
The Sri Lankan insurance sector, which has traditionally been a fragmented market, is shifting towards consolidation, Softlogic Life managing director Iftikar Ahamed said. This observation comes with Softlogic Life's pending acquisition of Allianz Life.
Sri Lanka Insurance Life (SLIC Life) has been uplifting the country's children through several CSR initiatives across the country.
The Insurance Regulatory Commission of Sri Lanka (IRCSL), the country's insurance regulator, has successfully conducted its inaugural programme to foster collaboration between academia engaged in teaching insurance-related degree programmes and professionals in the insurance industry.
The Insurance Regulatory Commission of Sri Lanka has mandated the Chartered Insurance Institute's Advanced Diploma (ACII) as a minimum qualification to be held by at least one employee of any registered insurance brokerage.
Sri Lanka's insurance regulator, the Insurance Regulatory Commission of Sri Lanka (IRCSL) has announced that Dr Ajith Raveendra De Mel was appointed chairman and member of the board of directors earlier this year. He succeeds Mr Razik Zarook PC.
Sri Lanka's insurance regulator, the Insurance Regulatory Commission of Sri Lanka, has appointed Mr DWS Waidyarathne, Mr GAS Jayaratna and Mr RC Kotte Hewa as commission members.
Data from the Insurance Regulatory Commission of Sri Lanka shows that the country's insurance industry grew by 16.5% YoY in the third quarter of the current financial year.
Over the period from 2019, Sri Lanka's insurance industry displayed resilience, navigating through the economic downturn caused by the COVID-19 pandemic and the unprecedented economic crisis in 2022, according to a press release from the Insurance Regulatory Commission of Sri Lanka (IRCSL).
The outlook for Sri Lankan non-life insurers' underwriting profitability is optimistic and gradually likely to improve as they enhance their practices and shift focus to more profitable non-motor segments according to a new Fitch Ratings report about the island nation's non-life insurance industry published in January 2025.