Four Stars

A four-member team from Sri Lanka Insurance Corp.s technical partner ING, started work this week to give the former state insurance giant a facelift.
The team will initially give tech support for re-insurance, product development, actuarial services and IT, SLIC Director Damien Fernando told Lanka Business Online.rn

rnldblquote They started work on Monday and will be here for three-years, the period will vary according to the area they are helping us out with,
dblquote Fernando said.rn

rnING or Institutional and Government Advisory Services B V of (Holland), will also work alongside SLIC staff to train and infuse best management practices into the insurance giant.rn

rnHowever, work on installing a much-needed IT system will get off the ground, once a vendor is selected. Fernando says six firms have been shortlisted and they would pick a winner next month. rn

rnMeanwhile, SLIC is working hard to link its 78 branches with its head office. So far, 48 branches have been linked and work is on track