Financial Intelligence Unit enters into MoU with Insurance Regulatory Commission
Aug 28, 2018 (LBO) - In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri …
Insurance
Janashakthi Insurance PLC reports 6-pct growth (YoY) in June quarter
Aug 14, 2018 (LBO) - Life Insurer Janashakthi Insurance PLC (Janashakthi) reported a 6 percent year on year (YoY) growth in Gross Written Premium (GWP)for the …
UAL only Sri Lankan company in Forbes Asia’s 200 ‘Best under a Billion’ 2018 list
Jul 30, 2018 (LBO) - Sri Lanka's Union Assurance PLC, a life insurance provider has made it to Forbes Asia’s 2018 list of 'Best under a Billion ' list of …
Janashakthi Life’s high-flyers qualify for million dollar round table
Janashakthi Insurance PLC announced that 14 members from its Sales team had qualified for the prestigious Million Dollar Round Table (MDRT) membership in 2018. …
Janashakthi and ayubo.life partner to spread the benefits of wellness
Revolutionizing Insurance consumption, Janashakthi Life is partnering with ayubo.life to provide their corporate policyholders with the renowned benefits of …
Sri Lanka’s private insurance providers exploit language barrier: Research
Jun 15, 2018 (LBO) – Sri Lanka’s top five general insurance providers which account for two-thirds of the market share, is seem to exploit the language …
![ICRA Lanka assigns [SL] A1 rating to commercial paper programme of LOLC](https://www.lankabusinessonline.com/wp-content/uploads/2015/11/LOLC-1.jpg "ICRA Lanka assigns [SL] A1 rating to commercial paper programme of LOLC")
ICRA Lanka assigns [SL] A1 rating to commercial paper programme of LOLC
June 06, 2018 (LBO) – ICRA Lanka Limited, aubsidiary of ICRA Limited, group company of Moody’s Investors Service, has assigned [SL] A1 rating to the 1,000 …
Sri Lanka’s insurance industry growth to continue despite extreme weather: Fitch
June 05, 2018 (LBO) – Fitch Ratings expects the exposure of Sri Lanka’s non-life insurers to extreme weather-related events to be manageable due to …
Ceylinco Life’s 2017 net profit grows to Rs 9.4 billionCeylinco Life’s 2017 net profit grows to Rs 9.4 billion
(PRESS RELEASE) IRCSL-mandated change in basis of valuation of Life Fund generates one-off surplus of Rs 3.456 billion Ceylinco Life has announced that its …
Janashakthi life business reports Gross Written Premium of Rs.764Mn , YoY growth 8-pct
Janashakthi Insurance PLC (Janashakthi) reported its financial results for the three month period ended 31st March 2018. Janashakthi had divested its …
Jude Fernando to head Janashakthi
May 01, 2018 (LBO) - Sri Lanka's Janashakthi Insurance PLC announced the appointment of Jude Fernando as the company’s Director / Chief Executive Officer …
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 …
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 Gross …
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 Sri …
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 Gross Written …
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 up 53 …
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 earlier, data …
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 …