Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

New rules in Sri Lanka's insurance industry to encourage market consolidation: Fitch

December 16, 2013 Reprints

Fitch Ratings Inc. said the many regulatory changes introduced in Sri Lanka's insurance industry are expected to encourage market consolidation, which would be positive for the industry, Sri Lankan newspaper The Nation reported.

The new rules include implementation of a risk-based capital regime, segregation of composite insurers to life and nonlife and increase of minimum capital requirements.

1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Munich Re names new regional chiefs
3. Tycoon gets death sentence for multi-billion-dollar fraud
4. UAE flash floods likely to be manageable for insurers
5. Chinese drone maker suffers major data breach
6. Inflation drives 10% increase in sum insured for windstorms

Help

New rules in Sri Lanka's insurance industry to encourage market consolidation: Fitch

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources