by AIP Online Bureau | May 28, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“We believe gross losses from the riots are likely to exceed LKR1 billion. However, NITF’s net loss will be limited to this amount due to the protection provided by its excess of loss reinsurance cover. We expect NITF to have sufficient liquid assets to meet its...
by AIP Online Bureau | Apr 12, 2022 | Eco/Invest/Demography, Health, International News, Non-Life
“Due to poor financial and economic management, the Sri Lankan healthcare sector is on the verge of a severe crisis in saving the lives of patients caused by severe drug and equipment shortages. We need your generous support at this crucial time to continue the...
by AIP Online Bureau | Mar 27, 2022 | Eco/Invest/Demography, International News, Policy
Saying that the country was hit hard by the COVID-19 pandemic, the report highlighted that the country was highly vulnerable to external shocks owing to inadequate foreign currency reserves and high risks to public debt sustainability, exacerbated by the ‘Easter...
by AIP Online Bureau | Dec 18, 2021 | Eco/Invest/Demography, International News, Risk Management
”The downgrade reflects our view of an increased probability of a default event in coming months in light of Sri Lanka’s worsening external liquidity position, underscored by a drop in foreign-exchange reserves set against high external debt payments and...
