Sri Lanka
Sri Lanka crop cover expands as drought floods and elephants hit
Sri Lanka crop cover expands as drought floods and elephants hit
Losses linked to weather and environmental shocks are weighing on farm incomes.
Sri Lankan insurers brace for 2025 profit squeeze as non-motor losses mount
Low retention and strong reinsurance keep most rated credit profiles intact.
Sri Lanka’s insurance industry posts 54.6% GWP growth over five years
GWP for the first quarter up 10.6% year-on-year to $0.3b.
Sri Lanka appoints experts from finance, law, and insurance to Commission
The appointments were made by President Anura Kumara Dissanayake.
Sri Lanka Insurance Corporation Life maintains stable outlook, strong investment
Its investment porftolio has minimal exposure to foreign currency assets.
Sri Lanka’s gross written premiums pencil 16.5% YoY in Q3 2024
However, earnings contracted by 8.31% YoY.
Sri Lanka’s insurance regulator names new board chairman
Dr. Ajith Raveendra De Mel is a senior lecturer at the University of Rahuna.
Sri Lankan general insurers underwriting profit will improve: Fitch Ratings
Profitability in motor insurance remains under pressure.
Insurance regulation in Sri Lanka 'developing with limited transparency': Fitch Ratings
The country has one of the lowest insurance penetration rates in Asia.
Sri Lanka sets new insurance sales standards for mobile, line operators
Insurers must also disclose customer onboarding requirements.
HNB Assurance expected to boost profitability
Non-life premiums increased 14% in H1 2024.
Co-operative Insurance boosts governance, eyes profit
It also appointed a new CEO early this year to boost efforts.
People's Insurance invests heavily in fixed-income
Its combined ratio also showed mid-year recovery.
Continental Insurance’s health segment better than peers despite pressures
The segment contributed 32% of total GWP last year.
Profits of Sri Lankan insurers jump 35% YoY in Q1 2024
Its assets climbed 10.9% YoY.
Sri Lanka to tighten capital requirements for insurers
The sector heavily relies on investment income, which challenges profitability.
Economy to drive Sri Lankan insurance market, says central bank
In 2023, the sector contributed 0.8% to GDP, penetration rates remaining below 2%.
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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
