Bancassurance has long been a cornerstone of insurance distribution in Sri Lanka, accounting for nearly 37% of the country's life insurance business. Traditionally driven by physical bank branches offering life …
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How AI Underwriting is Challenging Traditional Life Insurance Models The life insurance industry, which has long relied on human expertise and extensive documentation, is undergoing a significant transformation with the integration …
The Role of Parametric Insurance in Climate-Exposed Economies: Is Sri Lanka Ready? As climate risks intensify worldwide, traditional insurance models are being evaluated for their speed and effectiveness in high-risk regions. …
Major Natural Catastrophe Events Worldwide in 2024
March 6, 2025
In 2024, we witnessed the third most expensive year for natural catastrophe losses, totaling approximately $140 billion in insured losses, as climate change continues to impact our world. According to …
Protecting Your Business in Uncertain Times with Comprehensive Coverage
February 20, 2025
Protecting Your Business in Uncertain Times with Comprehensive Coverage Running a business in today’s dynamic environment is fraught with uncertainties. Companies face many risks, from economic fluctuations to natural disasters and …
Top 10 Largest Insurance Companies in the World According to Forbes
February 4, 2025
🌍 The 2024 edition of the Forbes Global 2000 has been released, showcasing significant shifts in the rankings of the world's largest companies. Notably, Berkshire Hathaway has made a remarkable …
Top 10 Ranking Countries by Global Market Share
January 25, 2025
Global insurance market premiums rose by 6.1% to $7.186 trillion, with the non-life sector growing by 5.5%, primarily due to rate increases in advanced markets. Life premiums in China fell …
Top 10 Largest Insurance Brokers Globally in 2023 Based on Revenue
January 15, 2025
In 2024, the global insurance industry is dominated by some of the largest insurance brokers based on revenue. Here are the top 10 players: 1. Marsh McLennan – $22.7 billion 2. Aon …
Reflecting on 2024: A Year of Achievements, Growth, and Gratitude
December 28, 2024
Reflecting on 2024: A Year of Achievements, Growth, and Gratitude As 2024 draws to a close, it's time to pause and reflect on the moments that made this year one of …
The insurance industry in Sri Lanka is undergoing significant transformation, driven by technological advancements, changing consumer behaviors, and evolving regulatory landscapes. As we look ahead to 2025, it’s essential to …
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