Ombudsman's Advice

We must have greater Awareness about Insurance. The concept of insurance is not sufficiently known or understood in Sri Lanka . Unlike say Agriculture where our people are culturally adapted, Insurance is entirely an English concept. The Insurance companies should create greater awareness about Insurance generally and not restrict their advertising budgets to marketing their respective policies. Because of a lack of adequate knowledge about Insurance and its benefits and pitfalls. Those who take out large insurances should go through a good broker. There are over Fifty insurance brokers in the country who are registered with the Insurance Regulatory Commission of Sri Lanka (IRCSL).

About Dr Wickrema Weerasooria

Having obtained his PhD from the London School of Economics, Dr Wicrema Weerasooria was an Attorney-At-Law, Supreme Court of Sri Lanka and Barrister and Solicitor, Supreme Court of Victoria, Australia. He was also distinguished former Public Administrator, Lawyer, Academic, Diplomat and Financial Consultant and was appointed the first Insurance Ombudsman of Sri Lanka in 2005.