IASL officials meet CB Governor

Tuesday, 10 May 2011 00:00 - - {{hitsCtrl.values.hits}}

The President of Insurance Association of Sri Lanka (IASL) Ramal Jasinghe together with the Office Bearers met Central Bank Governor Ajith Nivard Cabraal recently.

This meeting has paved the way for IASL to obtain insights & discuss expectations from the insurance industry towards the development of the nation’s economy.

Additionally, the importance of building initiatives to make insurance more people friendly was also highlighted. It was discussed at length that insurance is often misinterpreted as well as misunderstood; therefore, a process to make the concept of insurance popular and accepted among the general public in Sri Lanka was identified.

“The meeting which took place on 26 April is the first step towards an ongoing dialog we wish to maintain between IASL and Central Bank; we are confident of the support from the Governor and Central Bank in this regard”, the President of the IASL stated.

Jasinghe further elaborated on the plans of repositioning IASL along with plans to meet the needs of the economy which is currently in progress.

IASL is of the view that the insights to the macro economy , the forward thinking for sustainability and growth targets, which have been set by the CBSL, strengthens the levels of confidence among insurers and as an industry to align and support the development efforts of the economy.