Sri Lanka
CGF’s underwriting performance to remain subdued: Fitch Ratings
The company incurred an underwriting loss of $358.4k (LKR107m) in 2023
CGF’s underwriting performance to remain subdued: Fitch Ratings
The company incurred an underwriting loss of $358.4k (LKR107m) in 2023
GWP of Sri Lankan insurers witness 8.38% YoY in Q4’23
Claims incurred totalled Rs137b.
Allianz Insurance Lanka welcomes new CEO
Prashant Grover has over twenty years of experience in the financial services sector.
Sri Lanka's non-life insurers grapple with profitability under new premium directive: Fitch Ratings
NITF's failure to renew reinsurance cover for SRCCT and the non-renewal of retrocession cover pose risks to its capital position and earnings.
HNB General Insurance partners with tech company for management solution
It hopes to improve efficiency and accuracy through the Azentio ONEInsurance platform.
Union Assurance taps Senath Jayatilake as CEO
Judge Gomes was the previous CEO.
Sri Lanka’s life insurance segment surpasses general business in Q2’23
The industry saw its total assets reach $3.1b during the quarter.
Sri Lankan insurers to breathe easy post-debt restructuring: Fitch Ratings
A weak financial performance outlook is still expected from Sri Lankan domestic insurers.
WTW introduces insurance solution to protect Sri Lankan aqua farm
This is Asia’s first 4-peril parametric insurance.
Government weakness heightens Sri Lankan insurers' risks: Fitch
Earnings are expected to be under pressure, and costs are higher due to currency devaluation.
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1. Pressures mount for less desirable energy insurance placements 2. Hong Kong general insurance GWP to reach $10.9b by 2028 3. OCBC's bid for Great Eastern Life to boost sector valuations 4. OCBC courts Great Eastern with S$1.4b offer 5. Italian insurance-financial firm opens office in SingaporeResource Center
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Jul
09
Event News
Event News
Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong
![Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong]()
Co-Written / Partner
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
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1. Pressures mount for less desirable energy insurance placements 2. Hong Kong general insurance GWP to reach $10.9b by 2028 3. OCBC's bid for Great Eastern Life to boost sector valuations 4. OCBC courts Great Eastern with S$1.4b offer 5. Italian insurance-financial firm opens office in SingaporeAwards
Jul
09
Commentary
Firewalls are never enough