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News Archive
 
 
Sri Lanka Insurance becomes the first Insurance Company in Sri Lanka to be assigned a rating from a global rating agency
Sri Lanka Insurance clinched an AA-(sri) National Insurer Financial Strength Rating from Fitch Ratings London, becoming the first & only insurer to do so thus further asserting the strength and stability associated with the Company.

An AA-(sri) National Insurer Financial Strength Rating was assigned to Sri Lanka Insurance for it’s ability to meet policyholder obligations.
   
This was the first time Sri Lanka Insurance received a rating from an international rating agency and in doing so the management has taken a bold step by presenting the Company to international evaluation.

This not only indicates the management’s long term commitment to achieve international standards but also challenges each employee in their respective areas of work.
  Fitch also gave the financial giant an A+(sri) National Rating for it’s Long-Term Debt.

“The rating reflects Sri Lanka Insurance continued leadership position in Sri Lanka, with a strong brand and a widespread branch network,” says Mark Nicholson, one of the analysts who rated Sri Lanka Insurance from Fitch UK.

Fitch considers Sri Lanka Insurance capital to be strong within the context of the Sri Lanka market namely due to its little exposure to catastrophe, historically sound reinsurance cover and it’s conservative investment strategy.

The agency also sees good growth prospects and Sri Lanka Insurance is expected to reclaim some of it’s lost market share, especially with the involvement of ING.