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 …
Insurance
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 months …
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 increased …
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 proposed to …
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 period …
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 National …
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 64 …
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 …
Janashakthi records double digit growth in premiums in Q1 2017
Janashakthi Insurance PLC (Janashakthi) reported a 14% Year on Year (YoY) growth in consolidated Gross Written Premium (GWP) which stood at Rs.3.789 billion …
Fairfax consolidates Sri Lanka insurance operations
Mar 20, 2017 (LBO) – Fairfax Financial Holdings Limited (Fairfax) announced that it has successfully completed the amalgamation of Fairfirst Insurance …
WFP welcomes Sri Lanka’s national insurance scheme
Feb 15, 2017 (LBO) - Sri Lanka has taken a step forward in its policy making by introducing a national insurance scheme, the World Food Program said. online …
AIA introduces AIA VITALITY Programme
(PRESS RELEASE) The 2nd of February 2017 saw the AIA Insurance Group in Sri Lanka host an exclusive media roundtable discussion at the Galle Face Hotel, …
Ceylinco Life’s income tops Rs 17 billion in nine months
Dec 06, 2016 (LBO) - Ceylinco Life has reported total income of 17.165 billion rupees for the nine months ending 30th September 2016, reflecting growth of 15.3 …
Janashakthi Nurture the Next Generation of Insurance Professionals
(PRESS RELEASE) Janashakthi Insurance recognised six students of the Wayamba University ‘Insurance and Valuation Degree’ batch for their outstanding …
Janashakthi reports Profit Before Tax of Rs.894 million in nine months ended 30th September
(PRESS RELEASE) - Janashakthi Insurance PLC (Janashakthi) reported a consolidated Profit Before Tax (PBT) of Rs.894 million for the nine months ended …
Asian Alliance changes name to Softlogic Life Insurance
Oct 11, 2016 (LBO) – Shareholders of Asian Alliance Insurance today approved a special resolution to change its name into Softlogic Life Insurance, the …