President Stresses Need for Strategic Growth at Sri Lanka Insurance Corporation

Date:

President Anura Kumara Dissanayake has emphasized the importance of transforming the Sri Lanka Insurance Corporation (SLIC) into a key contributor to the national economy through efficient and strategic investments.

During a discussion held today (March 7) at the Presidential Secretariat with SLIC officials, the President underscored the need for strong management practices to enhance the profitability and sustainability of the state-owned insurer.

Ensuring Financial Stability & Responsible Management

  • The President cautioned that financial mismanagement at SLIC could have direct consequences for public investors, stressing the need for responsible financial stewardship.
  • The meeting included a comprehensive review of SLIC’s current operations, investment portfolio, and future growth strategies.
  • Discussions focused on enhancing returnsexpanding market share, and strengthening financial stability.

High-Level Participation

The meeting was attended by:

  • SLIC Chairman Nusith Kumaratunga
  • Board of Directors members
  • Senior SLIC officials

With the insurance sector playing a vital role in economic stability, the government aims to position SLIC as a leading institution that drives sustainable financial growth while protecting policyholders and public investments.

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