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Vision |
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To be the most preferred Financial
Service Group in the Region. |
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Sri Lanka Insurance is the largest and strongest composite insurance provider in Sri Lanka, with Rs.50 billion in assets, over half a million policies in force and an average claims settlement of Rs.21 million a day. It is the first and only insurance company in the country to be assigned a prime AA- rating for Insurance Financial Strength from the global rating agency Fitch Rating London. With strong re-insurance arrangements, a highly experienced technical knowledge base and the widest network across the country, the company has over 45 years experience in fulfilling the insurance needs of the Sri Lankan people. |
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History |
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Sri Lanka Insurance was incorporated by a special Act of Parliament in 1961. In 1988, the insurance field was liberalised ending the virtual monopoly enjoyed by the corporation and consequently was subjected to operate in a competitive environment. In 1993 with the objective of providing greater autonomy to operate in this environment the corporation was converted to a fully Government owned limited liability corporate entity and subsequently sold to the “Distilleries-Spence Consortium” under the Government Privatisation Plan in April 2003.
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Shareholders |
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Distilleries Company of Sri Lanka |
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Aitken Spence & Company |
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Greenfield Pacific EM Holdings |
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Board of Directors |
Mr.D.H.S Jayawardene
(Chairman)
Mr.Raj Obeyesekere
(Deputy Chairman)
Mr.Royle Jansz
(Director)
Mr.Damien Fernando MBA, FCMA (UK)
(Director)
Mr.H. Wickremasinghe Dip. Econ( Oxford ) (Rtd. SLAS)
(Director)
Mr.A. S. Abeyewardene FCA, FSCMA, MBIM, FID
(Director)
Mrs. C. Muttukumaru FCA, FCMA ( UK )
(Director)
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