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island.lk 04 Aug, 2022 00:30 am

Two recent issuers benefit from CSE’s expanded listing criteria – The Island

Two recent issuers benefit from CSE’s expanded listing criteria – The Island

Commenting on the development, Chief Regulatory Officer at the CSE Renuke Wijayawardhane stated “It is quite important that capital market regulation evolves to cater to the growing and dynamic needs of our stakeholders, and the amendments to CSE Listing Rules were put in place to broaden the rules to complement Sri Lanka’s rapidly developing commercial landscape comprising of multiple new business models and segments.Senewiratne Sri Lanka’s Life insurance penetration is less than 2 per cent of the total population; but the sector has enormous potential to grow.However, the motor insurance sector is doing well because every vehicle owner has to obtain a vehicle insurance policy, newly appointed chairman, Sri Lanka Insurance Corporation Ltd Ronald Perera PC said.Therefore, we have to go to villages to promote and encourage people to obtain Life insurance policies, especially health insurance cover to provide them with a comprehensive health coverage, especially for young persons who are already employed or engaged in any business, Perera said at an event where he was welcomed by SLIC staff and well- wishers as the 26th chairman of the Sri Lanka Insurance Corporations yesterday.

The event was held at Sri Lanka Insurance Corporation head office at Vauxhall Street Colombo.Today there are 27 insurance companies in Sri Lanka, out of which Sri Lanka Insurance enjoys the number one position despite being a government entity.

Read full story at island.lk