Former Chairman of Co-operative Insurance Company PLC Susil Shantha Weerasekera was found guilty on 23 March 2026 of contempt of court for filing an affidavit containing falsehoods; sentencing is scheduled for 2 April 2026.
Company filings and market news from across Sri Lanka's stock market.
Former Chairman of Co-operative Insurance Company PLC Susil Shantha Weerasekera was found guilty on 23 March 2026 of contempt of court for filing an affidavit containing falsehoods; sentencing is scheduled for 2 April 2026.
Assetline Insurance Brokers (AIBL), a David Pieris Group subsidiary, has signed a strategic partnership to become the exclusive insurance service provider for Life Vision Credit & Investment, managing LVC’s insurance portfolio and providing risk management, premiums and advisory services.
AIA Insurance Lanka signed a Memorandum of Understanding with Bank of Ceylon to offer Decreasing Term Assurance (DTA) policies to BOC customers, expanding AIA's DTA distribution through the bank's branch network.
The Insurance Association of Sri Lanka launched a revamped official website (www.iasl.lk) to improve digital access, industry insights, regulatory updates and member services. The platform is mobile-responsive, searchable and aimed at enhancing transparency and stakeholder access.
Ceylinco Life is launching 'Retirement Ready', a year-long national awareness campaign in 2026 to address Sri Lanka’s retirement funding gap as the population ages, citing EPF benefit payouts of about Rs. 230 billion last year and a projection that one in four Sri Lankans will be over 60 by 2042.
HNB PLC has partnered with David Pieris Automobiles to offer exclusive leasing solutions for GWM vehicles in Sri Lanka, effective 23 February 2026, providing competitive lease terms, flexible payment/residual options, discounted insurance via HNB General Insurance and complimentary life cover via HNB Assurance.
EWIS launched 'AEGIS,' an AI-powered, on-premise platform to simulate and validate legacy-system modernisation, aiming to reduce transformation risk, downtime and cost overruns. The solution targets banks, insurance, government, telecoms and healthcare and uses AI code intelligence, dependency mapping and digital-twin simulation.
The Insurance Association of Sri Lanka launched a revamped official website (www.iasl.lk) to boost digitalisation, transparency and stakeholder access for member insurers. The mobile-responsive site features a searchable resource library, regulatory updates and refreshed content for member companies, policyholders and regulators.
ASPI rose 3.56% for the week but closed yesterday down 0.21% at 21,375.73 as the bourse ended a volatile week; foreign investors were net sellers of over Rs.1.2 billion and market turnover was about Rs.2.7 billion.
BrandRadar (Roar Global) launched the Sri Lanka AI Visibility Index and hosted the country's first AI Visibility Summit to benchmark how brands appear in AI-driven discovery platforms (ChatGPT, Gemini, Perplexity, etc.). Initial coverage includes hospitality, banking/finance, insurance, retail/e-commerce, automotive and real estate.
HNB Assurance reported a record 256 MDRT qualifiers in 2025 (up from 222 in 2024), including 33 COT and 8 TOT qualifiers. The company credited technology-enabled training, AI sales tools and stronger bancassurance partnerships for the improvement.
Rights issue · 3:14 at Rs 19.00 · XD Apr 17, 2026
Supply chain and shipping disruptions from the Middle East conflict are likely to keep Sri Lanka's import and energy costs elevated into Q2–Q3. Shipping routings add up to 21-day transit delays and bunker fuel costs have risen nearly 150%, while insurance and war-risk surcharges have also increased.
Ceylinco Life was voted Peoples Life Insurance Service Provider of the Year for the 20th consecutive year and reported FY2025 gross written premiums of Rs.44.18 billion, total income of Rs.72.43 billion and a Life Fund exceeding Rs.200 billion.
Secondary government bond yields swung amid Middle East tensions and ahead of the Central Bank's 2nd Monetary Policy Review due today, with the 15.02.28 maturity at 9.50% and longer maturities trading up to 10.90%. The weekly T-bill auction offers Rs.80bn (below ~Rs.87.17bn maturing) and USD/LKR closed around 314.00/314.40.
Ceylinco Life warned Sri Lanka will have one in four citizens aged 60+ by 2042 and is launching "Retirement Ready", a year-long national awareness campaign in 2026. It noted EPF paid about Rs. 230 billion in benefits in 2024 and typical settlements leave retirees with only a few thousand rupees per month.
Ceylinco Life was voted Sri Lanka’s Peoples Life Insurance Service Provider of the Year for the 20th consecutive year and reported FY2025 gross written premiums of Rs.44.18 billion. Its Life Fund topped Rs.200 billion and the company paid Rs.31.07 billion in net claims during the year.
JXG, parent of the Janashakthi Group, has launched a LKR 5 billion IPO offering 500 million shares at LKR 10 each (21.74% post‑IPO stake), opening 9 April 2026; Deloitte values JXG at LKR 15.92/share (37.18% discount). Proceeds will fund expansion (LKR 3.5bn), regional growth (LKR 0.5bn) and debt repayment (LKR 1bn).
Janashakthi Insurance (JINS.N0000) signed a memorandum of understanding with People’s Bank to distribute life insurance products through the bank’s islandwide branch network, broadening access to bancassurance.
Janashakthi Ltd. is launching a Rs.5 billion IPO on 9 April offering 500 million shares (21.74%) at Rs.10 each; Deloitte values the company at Rs.15.92/share, implying a 37.18% discount to valuation (around 50% upside). The company plans to use ~Rs.4 billion for expansion into general insurance, microfinance and NBFIs including overseas markets, and Rs.1 billion to retire debt.
LOLC Holdings PLC was crowned 'People’s Financial Services Brand' at the SLIM Kantar People’s Choice Awards 2026 for the tenth consecutive year. The award, based on independent Kantar consumer research, underscores LOLC’s sustained brand trust, digital initiatives and group presence.
Essential food importers warn retail prices could rise 10–20% ahead of the Sinhala and Tamil New Year as higher bunker fuel, freight and war-risk insurance costs plus a weakening rupee lift landed costs, while assuring there are currently no shortages.
People’s Insurance PLC reported 34% top-line growth for 2025 as Gross Written Premiums rose to Rs. 8,367.39m (from Rs. 6,249.30m) and profit after tax reached Rs. 355.25m. Total assets grew 23% to Rs. 15.67bn and management cited disciplined underwriting and capital resilience despite cyclone claims.
Sri Lanka Insurance Corporation General was the Official Insurance Partner of Medicare 2026 (6–8 Mar 2026, BMICH), engaging over 10,000 visitors and showcasing its Mediplus and Medi60 health insurance products to promote affordable coverage.
CSE granted in-principle approval for Janashakthi Ltd to offer 500 million ordinary voting shares at Rs.10 each (raising Rs.5 billion) via an IPO, with the subscription list opening on 9 April and listing to be on the Main or Diri Savi Board subject to requirements. First Capital Advisory Services is manager and financial adviser, SSP Corporate Services is registrar, and the prospectus will be provided in soft copy.
People’s Insurance PLC reported 34% top-line growth in 2025 with Gross Written Premiums of Rs. 8,367.39 million (2024: Rs. 6,249.30m) and Profit After Tax of Rs. 355.25 million, while total assets rose 23% to Rs. 15.67 billion.
Colombo Stock Exchange closed lower as the ASPI fell 1.35% to 20,360.27 and the S&P SL20 slid 1.06% to 5,691.97. WindForce rose after winning a 10 MW/40 MWh BESS contract worth Rs1.73bn and was the top positive contributor, while Colombo Dockyard and John Keells were top negatives; turnover was Rs2.37bn.
Speakers at an OPA seminar warned the Middle East conflict will raise global energy prices, strain fuel supplies (fuel ≈20% of Sri Lanka's import bill), and hit tourism and remittances (≈40% from the Middle East), urging price reforms, renewables, maritime and cyber security upgrades.
CRIB and the Insurance Regulatory Commission signed an agreement to establish a Centralised Insurance Data Repository to consolidate industry-wide insurance data on a single secure platform. It aims to improve claims management, pricing, risk assessment and fraud detection, support digitalised underwriting and expand credit scoring to boost financial inclusion.