Insurance

Insurance Industry GWP Rises 7.39% to Rs. 78.59 Billion in Q1 2024

  • August 1, 2024

The insurance industry in Sri Lanka reported a total Gross Written Premium (GWP) of Rs. 78,589 million for Long-Term and General Insurance Businesses for the period ending March 31, 2024, reflecting a 7.39% increase compared to Rs. 73,178 million in Q1 2023. This marks a premium growth of Rs. 5,411 million year-on-year. The GWP for

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Industry Analysis

Seylan Bank’s Rs. 10 Billion Debenture Issue Oversubscribed on Opening Day

  • July 15, 2024

Seylan Bank announced that its recent Rs. 10 billion debenture issue was oversubscribed on its opening day, receiving applications for over 100 million debentures, indicating strong investor confidence. Initially, the bank issued Rs. 5 billion in Basel III-compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable debentures. Priced at Rs. 100 each, these debentures have maturity

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