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About Us

Who We Are

The Insurance Association of Sri Lanka (IASL) was formed in 1989 with the two states insurance corporations and the three private insurance companies then operated in Sri Lanka namely Sri Lanka Insurance Corporation, National Insurance Corporation, Ceylinco Insurance Company Ltd, CTC Eagle Insurance Company and Union Assurance Limited joining hands.

Today the IASL has grown into a vibrant body, encompassing the 29 registered insurance companies in Sri Lanka.

The Executive Committee of the IASL comprises all CEOs of insurance companies and meets on a monthly basis as per a fixed agenda covering significant matters and new developments pertaining to the industry.

In addition, the following sub committees operate within the purview of the Executive Committee enabling cooperation, knowledge sharing and transfer of best practices between peers.

Our Objectives

  • Bring together all insurers in order to afford opportunities for consultation and co-operation in matters affecting the common interests and welfare of its members and the insuring public.
  • Promote and maintain uniform / sound practices and high ethical standards so as to develop confidence among the insuring public.
  • Create awareness regarding the need and value of insurance among the public.
  • Review and examine insurance practices and techniques in other countries and adopt best practices as applicable to the Sri Lankan market.
  • Monitor legislative / regulatory requirements and make representations to the relevant authorities in order to ensure stability and growth in the industry.
  • Encourage, actively assist and promote professionalism in the insurance industry through education and training by partnering with professional and academic institutions / bodies and reinsurance partners operating in Sri Lanka.

IASL Member Heads

CompanyName of MD/CEODesignation
AIA Insurance Lanka PLC Mr. Nikhil Advani CEO
Allianz Insurance Lanka Ltd. Mr. Gany Subramaniam MD/CEO
Allianz Life Insurance Lanka Ltd. Mr. Gany Subramaniam CEO
Allianz Life Insurance Lanka Ltd. Mr. Gany Subramaniam MD
Allianz Life Insurance Lanka Ltd. Mr. Jayalal Hewawasam CEO
Amana Takaful Life Ltd Mr. Gehan Rajapakse CEO
Amana Takaful PLC Mr. Shehan Feisal CEO
Arpico Insurance PLC. Mr. Kelum Senanayaka CEO
Ceylinco General Insurance Ltd. Mr. Patrick Alwis Executive Chairman
Ceylinco Life Insurance PLC Mr. Thushara Ranasinghe MD/CEO
Continental Insurance Lanka Ltd. Mr. Gerry Gunadasa CEO
Cooperative Insurance Co. Ltd Mr.Udaya Kumara General Manager –technical /Principal officer
Cooplife Insurance Ltd Mr.W.M.K. Bandara General Manager - Technical /Principal officer
FairFirst Insurance Ltd. Mr. Sandeep Gopal CEO
HNB Assuarance PLC Mr. Prasantha Fernando CEO
HNB General Insurance Limited Mr. Prasantha Fernando CEO
Janashakthi Insurance PLC Mr. Ravi Liyanage CEO
Life Insurance Corporation Lanka Ltd Mr. Subash Pattanayak MD/CEO
LOLC General Insurance Ltd. Mr. Kithsiri Gunawardena COO
LOLC Life Assurance Co.Ltd. Ms. Nadika Opatha CEO
MBSL Insurance Co. Ltd Mr.Lalith Fernando CEO
Orient Insurance Ltd. Mr. Tanuj Edward MD
Peoples Insurance Ltd. Mr. Deepal Abeysekera CEO
SANASA General Insurance Co. Ltd Mr. Wasantha Perera CEO
SANASA Life Insurance Co. Ltd Mr. Indika Kiriwandeniya CEO
Soft Logic Life Insurance PLC Mr. Iftikar Ahamed MD/CEO
|Sri Lanka Insurance corporation Mr. Chandana L Aluthgama CEO
Union Assurance PLC. Mr. Jude Gomes CEO

Office Bearers

Mr. J M Niyas

Secretary General IASL
 

ITSC

Mr. Foo Haw Li

(Ceylinco Life)

LAF

Ms. Anusha Fernando

(Fairfirst)

HRSC

Mr. H.A Suraweera

(Ceylinco Life)