News Non-Life02 Feb 2024

Sri Lanka:Non-life insurers' performance to weaken on ceding all strike, riot & terrorism premiums to reinsurer

| 02 Feb 2024

A new directive that Sri Lankan non-life insurers remit 100% of motor insurance strike, riot, civil commotion and terrorism (SRCCT) premiums to state-owned National Insurance Trust Fund Board (NITF) should benefit NITF while the underwriting profitability of non-life insurers is likely to worsen, says Fitch Ratings.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here

For Full Access to the magazine SUBSCRIBE here.
Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

Error : Object reference not set to an instance of an object.

Recent Comments
Other News

Follow Asia Insurance Review