Country: Sri Lanka Page 1 / 1
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- August 6 2020
Allianz reveals mixed first half Asia results
While L&H profits fell 9%, P&C climbed 21% bolstered by Malaysia, Sri Lanka and Thailand.
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- June 11 2020
Cyclone Amphan losses shoot up to US$15bn: report
Most of the damage is expected to be uninsured.
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- July 5 2019
Terror risks evolve
Despite declines at the global level, threats in Asia Pacific are significant and continue to develop.
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- June 19 2019
AIA’s Sri Lanka CEO agrees Hong Kong group role
Promoted Pankaj Banerjee to be replaced by Nikhil Advani in Sri Lanka.
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- May 17 2019
Sri Lanka prepares tourism compensation fund
The terrorist-struck country is keen to set up an insurance fund to attract tourists.
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- April 29 2019
Colombo’s Shangri-La given US$1m after terror attack
Advanced insurance money will help start the rebuilding work after the shocking terrorism attack.
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- November 2 2018
Making microinsurance profitable
New technology and approaches are making it a potentially sustainable and profitable business line.
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- February 5 2018
Allianz to acquire Sri Lanka’s Janashakthi Insurance
The German insurer will have a market share of approximately 20% after the US$107m acquisition.
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- June 2 2017
Sri Lanka taps Renaissance Re for insurance trust fund
The fund provides disaster cover for disasters including droughts, floods and cyclones.
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- February 9 2017
AIA seals bancassurance deal in Sri Lanka
The exclusive long-term strategic partnership with DFCC Bank covers a range of savings and protection products.
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- October 13 2015
AIA sells Sri Lanka general insurance unit
Local insurer Janashakthi will pay US$22.8m to buy the unit after raising funds from a rights offer.
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- July 31 2015
Mitsui Sumitomo buys stake in Sri Lanka’s Ceylinko
Japanese insurer purchases minority stake in one of Sri Lanka's oldest and largest business conglomerates.
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- April 14 2015
Sri Lanka’s insurance industry grows 13.2%
Analysts expect more insurers to invest in Sri Lanka which has 22 licensed insurance companies operating in the Country.
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- April 13 2015
Sri Lanka’s insurance board names new director
Asanga joins IBSL having served in the government sector for the last decade.
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- March 18 2015
Opportunities rise for insurers as Asia Pacific strengthens solvency regulations
Asia insurers are now seeing further opportunities as countries in the Asia Pacific region move to strengthen their solvency regulations, the latest Asia Pacific Solvency Regulation report by Aon Benfield showed. While China’s second-generation solvency regime C-ROSS (China Risk Oriented Solvency System) was considered to be the most significant change since last year, the report […]
