Insurance business in Sri Lanka is now in hands of the private sector. As at January 2014 there were twenty-two (22) private sector companies and one state sector company (Sri Lanka Insurance Corporation Ltd) operating insurance business in the country. To operate insurance business in Sri Lanka you have to meet the requirements laid down by the Insurance Board of Sri Lanka (IBSL) and obtain a licence from IBSL and be subject to its regulations and supervision.
The Insurance institutions that are voluntarily participating in the Ombudsman scheme are only those regulated and supervised by the Insurance Board of Sri Lanka. They are also all, members of the Insurance Association of Sri Lanka (IASL).
AIA Insurance Lanka PLC
No. 75, Kumaran Ratnam Road, Colombo 02.
AIG Insurance Plc.
Level 17, BOC Merchant Tower, 28 St. Michael’s Road, Colombo 3.
Allianz Insurance Lanka Ltd.
No 92, Glennie Street, Colombo 02.
Amãna Takaful Plc.
No. 660 – 1/1, Galle Road, Colombo 03.
No. 55/20 Vauxhall Lane, Colombo 02.
Asian Alliance Insurance Plc.
7th Floor, Millennium House, 46/58, Nawam Mawatha, Colombo 2.
Ceylinco Insurance Plc.
Ceylinco House, No. 69, Janadhipathi Mawatha, Colombo 01.
Co-operative Insurance Co. Ltd.
“Co-op House”, No. 455, Galle Road, Colombo 03.
Continental Insurance Lanka Ltd.
No. 79, Dr. C.W.W. Kannangara Mawatha, Colombo 7.
HNB Assurance PLC.
No 10, Sri Uttarananda Mawatha, Colombo 03.
Janashakthi Insurance PLC
55/72, Vauxhall Lane, Colombo 02.
Life Insurance Corporation (Lanka) Ltd.
No. 54/1, Walukkarama Road, Colombo 03.
LOLC Insurance Ltd.
No. 440, Havelock Road, Colombo 06.
MBSL Insurance Co. Ltd.
No. 122, Kew Road, Colombo 02.
Orient Insurance Ltd.
No. 133, New Bullers Road, Colombo 04.
People’s Insurance Ltd.
Srimath Anagarika Dharmapala Mawatha, Colombo 03.
Sanasa Insurance Co. Ltd.
St. Anthony’s Road, Colombo 03.
Sri Lanka Insurance Corp. Ltd.
Rakshana Mandiraya, No. 21 Vauxhall Street, Colombo 2.
Union Assurance PLC
No. 20, St. Michael’s Road, Colombo 03.