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.
- General Insurance Forum (GIF)
- Life Insurance Forum (LIF)
- Legal Advisory Forum (LAF)
- Finance Technical Sub Committee (FTSC)
- Marketing and Sales Forum (MSF)
- IT Sub Committee (ITSC)
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
| Company | Name of MD/CEO | Designation |
|---|---|---|
| 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
EXCO
Mr. Iftikar Ahamed
President
Mr. Chandana Aluthgama
Vice President
Mr. Lasitha Wimalaratne
Secretary
Mr. Tanuj Edwarad
Treasurer
Mr. J M Niyas
Secretary General IASLITSC
Mr. Foo Haw Li
(Ceylinco Life)LAF
Ms. Anusha Fernando
(Fairfirst)HRSC
Mr. H.A Suraweera
(Ceylinco Life)MSF
Mr. Dinesh Yogaratnam
(HNBA)GIF
Mr. Anuradha Siriwardane
(Orient)ASC
Mr. Nalin Subasinghe
(UA)LIF
Mr. Dayaratne Perera
(SLIC)FTSC
