Friday Dec 05, 2025
Friday Dec 05, 2025
Friday, 5 December 2025 06:45 - - {{hitsCtrl.values.hits}}
In a bid to expedite the post-Ditwah recovery, Treasury Secretary Dr. Harshana Suriyapperuma recently met with officials of the Insurance Regulatory Commission of Sri Lanka (IRCSL) and industry CEOs to discuss measures to fast-track Cyclone Ditwah and flood-related insurance claim settlements.
Dr. Suriyapperuma pointed out that the insurance sector plays a significant role in rebuilding affected communities and supporting the country’s economic recovery.
He noted that thousands of families and businesses are experiencing severe distress, with extensive damage to homes, vehicles, commercial establishments, and livelihoods. The prompt settlement of claims is essential to restoring normalcy and reviving key economic sectors, he noted.
IRCSL Chairman Dr. Raveendra De Mel outlined the measures taken by the Commission to facilitate expeditious claim processing. He reiterated that providing immediate relief to policyholders and accelerating the national recovery efforts is the IRCSL’s foremost priority and acknowledged the vital role played by the insurance industry.
Dr. Suriyapperuma said that major economic sectors, including tourism, Small and Medium Enterprises (SMEs), and export-oriented industries, have been severely impacted by Cyclone Ditwah and subsequent flooding. He stressed that the immediate settlement of insurance claims is important to restoring business operations, supporting income generation, and rebuilding affected segments of the economy.
The IRCSL emphasised that it is closely monitoring the settlement process to ensure transparency and speedy settlement of claims, also ensuring to remove any administrative barriers that may hinder relief efforts.
The IRCSL has announced that policyholders who are unable to contact their insurance companies may call the IRCSL on 077 241 8511 for assistance.
