Fitch downgrades Sri Lanka Insurance as crisis bites
April 25 2022 by InsuranceAsia News
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Sri Lankan insurers to improve underwriting profitability amid key shifts: Fitch
- January 8
Insurers are looking to enhance practices and shift focus to more profitable non-motor segments, global rating agency says.
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Continental Insurance Lanka’s good underwriting performance to sustain: Fitch Ratings
- September 12
Fitch has revised its outlook to "positive" from "stable", reflecting the company's underwriting performance, improving market franchise and satisfactory regulatory capital position.
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Sri Lankan People’s Insurance pressured by underwriting profitability: Fitch Ratings
- September 10
The rating agency has affirmed its financial strength rating of “A-” and “stable” outlook, reflecting its favourable regulatory capital position compared to other domestic non-life insurers.
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Sri Lanka’s insurance watchdog outlines reinsurance, risk-based capital reforms
- August 15
The regulator also plans to introduce a legal framework for the sale of micro-insurance products, and issue revised guidelines on reinsurance in an attempt to improve the country's low insurance penetration rate.
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