The government is spearheading the development of a national insurance information system, the Chairman of the Insurance Regulatory Commission of Sri Lanka Dr Ajith Ravindra de Mel has said.
A media briefing in Colombo provided an update on last year’s initiatives and outlined the Commission’s future plans, reported Sri Lanka news site ITN News.
Dr de Mel highlighted that steps are underway to introduce a digital motor insurance card for vehicle owners.
He also noted that Sri Lanka currently has 29 registered insurance companies and emphasised that measures have been implemented to regulate them effectively.
Sri Lankan President Anura Kumara Dissanayake has said that the government aims to build Sri Lanka’s economy through advancements in science and technology and called on the business community to collaborate in strengthening the national economy by seizing these new opportunities.
He emphasised that the government is prepared to provide all necessary support to achieve this goal and stressed that the administration is committed to reclaiming economic opportunities previously lost due to the nation falling behind in keeping pace with global developments.