Fitch rates Sri Lanka-based People’s Insurance A+(lka); outlook stable
Fitch Ratings has assigned Sri Lanka-based People’s Insurance PLC a National Insurer Financial Strength (IFS) Rating and National Long-Term Rating of …
Insurance
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Janashakthi Delivers Sustained Double Digit Growth through FY 2017
(PRESS RELEASE) – Registering steady double digit growth in premiums through FY 2017, Janashakthi Insurance PLC (Janashakthi) posted a consolidated …
Allianz completes acquisition of Janashakthi General Insurance
Feb 26, 2018 (LBO) – Allianz announced the company has completed its acquisition of Janashakthi General Insurance Limited, after receiving all the necessary …
Ceylinco Life’s net profit surges 95-pct to Rs.6Bn
(PRESS RELEASE) – Ceylinco Life has posted net profit of Rs 6 billion for the year ending 31st December 2017 while reaffirming its market leadership in …
Insurance Industry records 15.5-pct growth in 3Q of 2017
Feb 16, 2018 (LBO) – Sri Lanka’s insurance industry was able to report a growth of 15.53 percent (3Q, 2016: 16.97 percent ) in terms of overall …
Germany’s Allianz SE to buy Janashakthi General Insurance for Rs16.4bn
Feb 02, 2018 (LBO) – Janashakthi Insurance is selling its general insurance business to Allianz SE in Germany for 16.4 billion rupees subject to adjustments, …
Ceylinco Life’s 9-month PBT up 53-pct to Rs. 2.5Bn
Dec 05, 2017 (LBO) – Ceylinco Life has reported exceptionally strong profit growth for the nine months ending 30th September 2017, with pre-tax profit …
Sri Lanka Insurance Industry records growth down to 13.87-pct in H1 2017
Nov 22, 2017 (LBO) – Sri Lanka’s insurance industry growth has dipped together with profits in the first half of this 2017 as against a year …
Allianz Lanka report PBT of Rs.68Mn
(PRESS RELEASE) – Allianz Insurance Lanka, the general insurance company, recorded Gross Written Premium (GWP) of Rs.3.92 billion during the period under …
Janashakthi Insurance records growth of 12.4-pct upto Sept
Nov 15, 2017 (LBO) – Janashakthi Insurance PLC (Janashakthi) reported a consolidated Gross Written Premium (GWP) of 11.047 billion rupees for the nine …
Mastercard arms issuers with tool to combat account related fraud from data breaches
Oct 02, 2017 (LBO) – Mastercard announced the launch of Early Detection System, a new service that helps reduce fraud-related costs while improving the …
Changing weather patterns raise long-term risks for insurers: Fitch
Sep 12, 2017 (LBO) – Sri Lanka’s highly competitive non-life sector needs more rigorous pricing and assessment as changing weather patterns have …
Sri Lanka to provide health insurance for school children
Aug 24, 2017 (LB0) – Sri Lanka’s cabinet of ministers has approved health insurance cover for school children, a statement said. Budget 2017 …
Janashakthi records 11-pct GWP growth in first six months
Aug 17, 2017 (LBO) – Janashakthi Insurance PLC (Janashakthi) registered consolidated Gross Written Premium (GWP) of Rs. 7.22 billion for the six months …
Fitch Upgrades Sri Lanka Insurance Corp’s National Ratings
(PRESS RELEASE) – Fitch Ratings has upgraded Sri Lanka Insurance Corporation Limited’s (SLIC) National Insurer Financial Strength (IFS) rating and …
Ceylinco Life’s 6-month PBT up 64-pct to Rs1.6Bnl
(PRESS RELEASE) – Ceylinco Life has posted profit before tax of Rs 1.628 billion for the six months ending 30th June 2017, recording noteworthy growth of …
Amãna Takaful Group bounces back from losses to Rs93mn profit
93 Million at the half year ending June 2017. This compares to a loss of Rs. 42 Million over the same period in 2016. The Group’s Gross Written Premium (GWP) …
Ceylinco Life Fund crosses Rs80 bln mark
(PRESS RELEASE) The Life Fund of Ceylinco Life crossed Rs 80 billion in May 2017, making it the fastest-growing Life Fund in the local industry, the life …
Janashakthi Offers Free Breakdown Assistance to All Vehicle Owners Affected by Floods
Expressing its solidarity with all fellow Sri Lankans affected by the recent adverse weather conditions, Janashakthi General Insurance Limited announced that …
Sri Lanka reinsures natural disasters with Renaissance Singapore
May 31, 2017 (LBO) – Sri Lanka has selected Renaissance Reinsurance Singapore as the lead reinsurer of the national natural disaster and emergency relief …