Sri Lanka’s insurance industry grows 13.2%April 14 2015 by InsuranceAsia News Staff
- April 26
Changes to renewals could add to costs and undermine insurers' ability to write new business.
- April 25
The country's financial crisis is slowing down premium growth.
- February 16
Claims rebounded from a Covid slump in 2020 pushing underwriting profits down.
- January 25
The insurer's overall premiums hit US$213.2m, an increase of 9.7% over 2020.
A longer claims process and increased cost were some of the challenges faced by insurers.
Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.