March 03, 2015 2:39 PM ET

Insurance

Company Overview of Sri Lanka Insurance Corporation Ltd.

Company Overview

Sri Lanka Insurance Corporation Ltd., together with its subsidiary, LITRO, sells insurance products to customers in Sri Lanka. It offers personal insurance products, including home insurance, health insurance, personal accident insurance, motor insurance, travel insurance, and professional cover, as well as life insurance, such as children's plans, retirement plans, protection plans, investment plans, advance benefit plans, seasonal earner's plans, and mortgage protection plans. The company also offers business insurance products, which comprise property insurance, marine insurance, employee related insurance, motor insurance, and group life insurance products. Sri Lanka Insurance Corporatio...

Rakshana Mandiraya

No.21 Vauxhall Street

Colombo 2

Colombo,  00200

Sri Lanka

Founded in 1962

Phone:

94 11 235 7000

Fax:

94 112 447 742

Key Executives for Sri Lanka Insurance Corporation Ltd.

Chief Executive Officer
Managing Director and Executive Director
Chief Financial Officer and Senior Deputy General Manager of Finance
Chief Operating Officer of Life Insurance
Chief Officer of General Insurance
Compensation as of Fiscal Year 2014.

Sri Lanka Insurance Corporation Ltd. Key Developments

Sri Lanka Insurance Corporation Appoints Hemaka Amarasuriya as Chairman

Hemaka Amarasuriya has been appointed as the Chairman of Sri Lanka Insurance Corporation with effect from February 13, 2015. Amarasuriya is the long-serving Chairman of Singer Sri Lanka. Amarasuriya was also the founder President of the Industrial Association of Sri Lanka. He served on the Presidential Task Force on Science and Technology, Securities and Exchange Commission and Advisory Committee on Company Law at different times. He was the founder President of the Chartered Institute of Marketing (Sri Lanka Region).

Sri Lanka Insurance Corporation Ltd Appoints Deepthi Lokuarachchi as Chief Executive Officer

Deepthi Lokuarachchi has been appointed as the Chief Executive Officer of Sri Lanka Insurance Corporation Ltd. with effect from 21st April 2014. He is an Associate of Chartered Institute of Insurance - London and holds the title Chartered Insurer. He counts for over twenty years of experience in the field of insurance, during which he has held the positions as the General Manager Distribution & Risk Management - Eagle Insurance PLC, (now known as AIA Insurance), the Board Secretary, Legal and Compliance Manager and Head of Non-Life claims Eagle Insurance PLC. He also held office as the Deputy Chief Executive and Acting Managing Director - AIG Insurance of Sri Lanka and is the immediate past CEO of Orient Insurance Limited Sri Lanka. Lokuarachchi is also a Past President of the Sri Lanka Insurance Institute and is the current Secretary of Insurance Association of Sri Lanka (IASL).

Sri Lanka Insurance Corporation Appoints Piyadasa Kudabalage as Managing Director

Piyadasa Kudabalage, who was the Executive Director of Sri Lanka Insurance, assumed duties as the Managing Director Sri Lanka Insurance Corporation with effect from January 1, 2014.

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