The insurance watchdog is seeking Finance Ministry approval to start a dedicated insurance supervision division.
Presently, the Insurance Board of Sri Lanka (IBSL) has only two consultants on its cadre. The rest are shared with the Securities & Exchange Commission (SEC) secretariat.rn
rnldblquote A dedicated insurance unit within IBSL will enhance the effectiveness of supervision, dblquote says SEC Director General, Palitha Silva Gunawardene.rn
rnThe watchdog hopes to hire staff with maths background and recruit a foreign actuarian to train the cadre. rn
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-LBO Newsdesk: LBOEmail@vanguardlanka.comrn