Sri Lanka

Technologies like blockchain can facilitate creating greater financial inclusion while providing insurance companies the efficiencies and verifications necessary  ...

Spruce has partnered with reinsurer Munich Re to make cost-effective title insurance based on automation available in the US market.

Munich Re has reportedly completed a $15m reinsurance transaction with Sri Lanka-based life insurer Softlogic Life Insurance.

Aon has identified the need for innovation and development of policies via its partnership with Oxfam to provide blockchain-based insurance to Sri Lankan ...

Priyantha Perera, General Manager Underwriting, Portfolio and Reinsurance stated, “The use of digital technologies in financial & economic activities creates ...

As the pandemic accelerates the insurance industry's digitization, peeks into the future are available--but not where most of us usually look.

Simplifya, a Denver-based software developer, is one of those "RegTech" players that help pot pros navigate the market. That's especially the case now given ...

The United States Federal Emergency Management Agency (FEMA) is exploring the idea of a blockchain-based property registry in order to streamline disaster ...

The company claimed that blockchain could transform and simplify the insurance claims process, which would result in reduced administration costs and a ...

A recent report by the advisory board of the U.S. Federal Emergency Management Agency (FEMA) recommends using blockchain to expedite insurance payouts ...

... organization “announced the success of the first season of their blockchain-based delivery of microinsurance to smallholder paddy field farmers in Sri Lanka.”.

Oxfam Launches Blockchain-Based Insurance Cover for Paddy Farmers in Sri Lanka. In a press meet held on November 4, Oxfam International, the UK based ...

A blockchain based parametric weather insurance product has made its first payouts, after severe weather impacted smallholder farmers covered by the

“We are proud to have real-world, on-the-ground success from a blockchain solution for microinsurance,” Michiel Berende, the Chief Inclusive Officer at Etherisc, ...

"We are proud to have real-world, on-the-ground success from a blockchain solution for microinsurance," Michiel Berende, the Chief Inclusive Officer at Etherisc, ...

Prior to that he was attached with HSBC Canara BC Insurance as SVP and Head of Channel; as Head of Bancassurance, Vietnam (STA) at HSBC Insurance ...

A+M is pleased to unveil this year's finalists for the Malaysian edition of the Marketing Excellence Awards. Who will take home the gold this year? Last year, we ...

Yesterday, French headquartered technology company Atos announced its blockchain crop insurance solution won an award from an Indian trade association.

Sri Lanka's Janashakthi Insurance in B2B, digital drive ... in 2019, riding its strong distribution network and a focus on business to business sales, officials said.

Digital channels are greatly influencing millennials' purchasing decisions. ... This automation ensures that over 60 percent of underwriting is automatic, thereby ...

has launched a two-month campaign to encourage policyholders to revive lapsed policies and is offering to waive 50 percent of...

Re/insurance broker Aon has partnered with Oxfam and insurtech firm Etherisc to launch a blockchain-based insurance platform for smallholder farmers in

Aon and Oxfam have launched a blockchain-supported microinsurance programme in Sri Lanka to help low-income farmers in developing countries.

General insurers saw more opportunities and challenges in 2018 because of a mix of various factors such as an increase in vehicle registrations and a decline in construction bus...

Ceylinco Life has continued to maintain its dominance in the long term insurance market by generating GWP of LKR17.8bn ($101m) in 2018 (2017: LKR15.8bn) and accounted for 22.1...

The Sri Lankan insurance industry reported total profit before tax of LKR37bn ($210m), around 25% lower compared to 2017, according to a statistical review for 2018 presented by...

Rolling out in Sri Lanka, the brokerage teams with Etherisc and Oxfam to cover small farmers.

Nearly 200 smallholder paddy field farmers in Sri Lanka, who are at risk of losing their crops due to extreme weather, have enrolled in a newly-launched blockchain-based platfor...

webhose

webhose

Aon, Oxfam and insurtech startup Etherisc have launched the first ever blockchain-based agricultural insurance policies for smallholder Sri Lankan farmers, in a bid to ease the ...

Aon has collaborated with Oxfam and insurtech Etherisc to introduce a blockchain-based agricultural insurance platform for small farmers in Sri Lanka.

webhose

Aon plc has partnered with anti-poverty organization Oxfam and insurtech startup Etherisc to launch a blockchain-based platform that provides agriculture

Aon has launched a blockchain-based platform for farmers in collaboration with Oxfam in Sri Lanka, an organization working to alleviate poverty,...

A collaboration between Oxfam in Sri Lanka, insurance and reinsurance broker Aon and insurtech blockchain solutions provider Etherisc has delivered a

State owned Sri Lanka Insurance Corporation (SLIC) has declared its biggest life insurance bonus of LKR7.7bn ($43.6m) for the year 2019 to its life insurance policyholders, chai...

Uber Eats has announced an insurance program launched in partnership with Allianz to insure Uber Eats delivery partners in Sri Lanka...

is the first insurer in Sri Lanka to offer pet insurance.     Available in silver, gold, and platinum, the...

Mitsui Sumitomo Insurance (MSI), a member of MS&AD Insurance Group, has acquired a 9% share of Ceylinco Insurance for approximately LKR3bn ($19m), thereby increasing its shareho...

Move is part of parent company’s operating model of having wholly owned subsidiaries

Sri Lanka's top five general insurance providers which command two thirds of the market share, have failed to issue insurance policies for certain products in Sinhala and Tamil,...

Finlays Colombo has entered into a binding agreement to dispose its insurance broking business to a Singaporean party.

New CEO appointed just before brokerage changes hands

Further consolidation by way of mergers and acquisitions (M&As) is expected in Sri Lanka's insurance market, particularly in the general insurance segment, as the players contin...