News & market updates

Share split · 1:3 · XD Apr 9, 2026

Split issue

FAO Representative urges Sri Lanka to rebuild farming after Cyclone Ditwah with a resilience-focused reform agenda rather than simply repairing damage. Priorities include diversified cropping, build-back-better irrigation and roads, expanded crop insurance and rapid disaster financing, and stronger early-warning-to-action systems.

Net money market liquidity surged to Rs. 296.45 billion, with a Rs. 90 billion T-bill auction fully subscribed and yields declining for the fourth straight week. Secondary bond yields fell ahead of a Rs. 51 billion Treasury Bond auction, while USD/LKR closed at 309.35/309.40.

Amana Takaful PLC relaunched a unified mobile app combining Life and General insurance services, serving over 18,000 users. The app adds improved performance and features including instant claims intimation, real-time tracking, premium payments, digital e-cards, life fund management, telemedicine and wellness tools.

Union Assurance PLC relaunched its corporate website to strengthen digital capabilities, offering improved navigation, faster load times, enhanced mobile responsiveness, stronger security and better content presentation.

SLT‑Mobitel Mobile and Fairfirst Insurance launched Sri Lanka’s first mobile billing-enabled motor insurance, letting motorists buy and renew policies via their Mobitel accounts without physical paperwork or office visits.

SLT‑MOBITEL Mobile and Fairfirst Insurance launched Sri Lanka’s first mobile billing-enabled motor insurance, letting motorists buy and renew motor cover directly via their Mobitel accounts without physical documentation. The service integrates billing into Mobitel accounts and aims to broaden insurance access, including rural areas.

Sri Lanka Insurance Life and Sri Lanka Insurance General handed over a voluntary employee-raised donation to the Treasury Secretary on 22 January 2025 to support relief and recovery for communities affected by the ‘Ditwah’ cyclone. The firms also distributed dry rations and ran an islandwide clean-up and restoration programme.

Rights issue · 3:14 at Rs 19.00 · XD Apr 17, 2026

Sri Lanka Insurance Corporation Life and Sri Lanka Insurance General handed over an internally raised employee donation to the Treasury on 22 January 2025 to support national relief and recovery for communities affected by Cyclone Ditwah. They also distributed dry rations and conducted islandwide clean-up and restoration activities.

Ceylinco Life concluded the grand draw of its 19th Family Savari promotion, selecting five policyholder families (20 people) for Beijing, 10 families (40 people) for Malaysia and 283 families (1,000 people) for a Pearl Bay day; winners from the Run for Savari web game were also drawn.

The Colombo market ended lower with the ASPI down 0.37% (88.58 pts) to 23,812.31 amid profit-taking, elevated turnover and net foreign outflows (week net outflow > Rs.2.36bn); daily turnover was about Rs.9.2bn and foreign investors were net sellers (Rs.1.7bn yesterday).

Colombo market fell as the ASPI dropped 0.38% (91.22 pts) to 23,900.89 with turnover over Rs.6.9bn and foreign net outflow of Rs.20.9m. Top negatives included Senkadagala Finance, Ceylon Tobacco, John Keells, Carson Cumberbatch and C T Holdings while Prime Lands Residencies gained.

Ceylon Land and Equity PLC appointed Kishan Vairavanathan as an Independent Non-Executive Director. Vairavanathan is currently an Independent Non-Executive Director of Galle Face Capital Partners and has held senior roles at Janashakthi, Capital Alliance and NDB stockbrokers.

Allianz was named the World’s No. 1 Insurance Brand in Interbrand Best Global Brands 2025 for the seventh consecutive year; brand value increased 20% to USD 28.2 billion and the group rose to #27 globally.

AIA Group CEO Lee Yuan Siong visited Sri Lanka, reaffirming AIA's commitment, meeting bancassurance partners National Development Bank (NDB), DFCC Bank and Commercial Bank, and AIA Sri Lanka pledged a LKR 50 million donation to the 'Rebuilding Sri Lanka' initiative.

AIA Insurance Lanka appointed Asoka Pieris and Deepthi Lokuarachchi as Non-Executive Independent Directors. Pieris brings financial management and governance expertise, while Lokuarachchi brings insurance and healthcare experience to support AIA’s health insurance strategy.

Central Bank kept the Overnight Policy Rate at 7.75% and the weekly Rs.125 billion T-bill auction was fully subscribed with yields falling (91d 7.84%, 182d 8.26%, 364d 8.36%). Net money-market liquidity surged to Rs.211.53 billion and short-end bond yields dropped ahead of a Rs.205 billion Treasury bond auction on 29 Jan.

Allianz was named the World’s No. 1 insurance brand for the seventh consecutive year, with brand value up 20% to $28.2 billion and the group rising to No.27 globally.

The ASPI closed at 23,992.11, up 0.13% (31.95 pts) after hitting an intraday high of 24,068.22, with turnover over Rs.6.9bn and foreign net outflows of Rs.480.2m. Capital goods led turnover (Rs.1.91bn) with John Keells and ACL Cables among top contributors while market breadth remained weak.

IRCSL reports 24,549 Cyclone Ditwah insurance claims totaling about Rs.58.5 billion, with Rs.5.1 billion disbursed (Rs.4.0 billion to non-motor). Insurers have admitted 18,434 claims (75.09%) and were directed to expedite remaining assessments and interim/interim payments.

Ceylinco Life opened its first company-owned eco-friendly branch in Ambalantota — its 35th company-owned branch — a 3,200 sq ft two-storey building with 15 kW off-grid solar, rainwater harvesting, wastewater recycling and precast-concrete construction.

Rebuilding Sri Lanka Fund has received over Rs.8.5 billion in cash donations and aid goods worth over Rs.23 billion from Sri Lanka and 47 countries. The Treasury also reported the insurance industry has received Rs.92 billion of Ditwah-related claims, with Rs.47 billion settled and Rs.45 billion being processed.

Secondary Treasury bond yields fell on 21 Jan 2026 with robust activity and Rs.81.83 billion transacted in the secondary market (e.g. 01.05.28 ~9.11%-9.12%; 15.06.35 ~11.03%-11.06%). Net liquidity surplus decreased to Rs.157.54 billion with Rs.157.57 billion at the CB SDFR (7.25%), and USD/LKR closed at 309.75/309.85.

Arpico Insurance PLC has appointed Jayalal Hewawasam as its new Chief Executive Officer. Hewawasam brings over 25 years' experience, including as CEO of Allianz Life Insurance Sri Lanka, and the company is a subsidiary of Richard Pieris & Company PLC.

SLYCAN Trust held a High-Level Forum on Climate Finance in Colombo on 20 Jan 2026 to discuss strengthening Sri Lanka's access to loss-and-damage and disaster risk finance after Cyclone Ditwah. The Fund for Responding to Loss and Damage opened its first funding call on 15 Dec 2025 (window to 15 Jun 2026).

Sri Lanka Insurance Life held its Star Awards 2025 at Cinnamon Life, Colombo, recognising over 300 top-performing sales staff across multiple categories (advisers, group leaders, branch/regional managers and bancassurance) for their 2024 performance.

RevgenX and Australia’s uBind are partnering to introduce the ISO‑certified uBind insurtech platform, including an agentic AI orchestration layer, to Sri Lanka’s insurance industry. The platform offers real-time quoting, instant binding, automated claims handling, integrations and compliance automation to digitise and scale insurers’ operations.

Sri Lanka sold Rs25,018 million of treasury bills on tap at average rates of 7.93% (3m), 8.36% (6m) and 8.47% (12m), bringing this week's total bill sales to Rs137.5 billion; settlement is Jan 23.

Janashakthi Life (Janashakthi Insurance PLC) completed its Year 5 Shilpashakthi scholarship seminars across more than 30 schools, reaching over 5,000 students. A raffle will select five tablet winners to be announced later; Janashakthi Life is a subsidiary of Janashakthi Limited.