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ICRA Lanka revised its credit rating of Janashakthi Limited, the parent of Janashakthi Insurance to [SL]BB+ in 2022. The credit outlook was adjudged as negative. Janashakthi Limited holds 74% of the ownership of Janashakthi Insurance. Janashakthi Insurance is the seventh largest life insurance company in the country with 4% of the market share ...
[4] [5] The company also gained ISO 9001:2008 Quality Management System certification for the conduct of its General and Family (Life) Takaful businesses in 2017. [ 6 ] [ 7 ] In 2021, the company launched a new segment of motor insurance titled "Total Drive Prestige" by assigning it as a premier insurance cover at competitive market rates ...
Chandra Thomas Adolphus Schaffter (born 3 April 1930) is a Sri Lankan businessman and former cricket administrator. He played first-class cricket for Ceylon in the 1950s, and founded Sri Lanka's first major Sri Lankan-owned life insurance company, Janashakthi, in 1994.
Amãna Bank is the first and only licensed commercial bank in Sri Lanka to conduct all its operations under the principles of Islamic banking and be fully disengaged from interest based transactions, offering the full spectrum of retail banking, SME banking, corporate banking, treasury and trade finance services.
In 2018, Prakash Schaffter spearheaded the divestment project of Janashakthi's non-life segment, and in the same year, took on the position of Chairman of Janashakthi Insurance PLC. As a former President of the Insurance Association of Sri Lanka , [ 7 ] [ 8 ] Prakash led discussions on regulatory changes, including the separation of Life and ...
LOLC Holdings PLC is a Sri Lankan conglomerate listed on the Colombo Stock Exchange (CSE). Originally starting as a non-banking financial company LOLC has grown into one of the largest Sri Lankan conglomerates involved in many sectors and subsidiaries in several countries although it is still mainly involved in the financial sector.
Softlogic Life Insurance was added to the S&P Sri Lanka 20 Index when an ad hoc index rebalancing occurred due to Commercial Leasing and Finance merging with LOLC Finance in March 2022. [11] Softlogic Life is one of the LMD 100 companies in Sri Lanka. The company was ranked 60th in the 2021/22 edition of the list.
John Keells Holdings PLC (JKH) is a Sri Lankan multinational conglomerate company. It has business interests in hotels and resorts management, port, marine fuel and logistics services, IT services, manufacturing of food and beverages, supermarkets, tea, stock broking, life insurance, banking, and real estate.