Sri Lanka Insurance Life appoints Nalin Subasinghe as CEO

Thursday, 6 November 2025 05:40 - - {{hitsCtrl.values.hits}}

Nalin Subasinghe

Sri Lanka Insurance Life (SLIC Life), has announced the appointment of Nalin Subasinghe as its new Chief Executive Officer, effective 3 November 2025.

Subasinghe brings over 21 years of extensive experience in the insurance industry, with a distinguished track record spanning both Life and General Insurance, including 15 years in C-Suite leadership positions. His career began with Sri Lanka Insurance Corporation in 2004, where he served as Deputy General Manager – Actuarial and Risk Management, and also held the role of Head of Investment. He also represented SLIC as the Nominee Director at Capital Alliance Investments Limited and Ceylon Asset Management Limited.

Prior to his current appointment, he held the position of Chief Actuarial Officer/General Manager at HNB Assurance PLC, HNB General Insurance Ltd.

He has also served as the Chief Actuarial Officer/General Manager at Union Assurance PLC (Vice President, John Keells Holdings PLC).

In addition to his corporate leadership roles, Subasinghe has made significant contributions to the actuarial profession and local insurance industry. He is currently the Vice President of the Actuarial Association of Sri Lanka (AASL) and has served as Chairman of the Actuarial Sub-committee of the Insurance Association of Sri Lanka (IASL).

Subasinghe holds a Bachelor of Science (Hons) Degree in Finance Business and Computational Mathematics from the University of Colombo and a Master of Science Degree in Actuarial Management from Heriot-Watt University, Edinburgh, UK.

Sri Lanka Insurance Life, with over six decades of excellence as the largest government-owned life insurer, manages an asset base of Rs. 264 billion and the largest Life Fund in the industry at Rs. 239 billion. It is the only life insurer in the country to hold a Fitch Rating of A+ (lka) for long-term financial stability.