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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 ...
In 1994 Schaffter singlehandedly set up the Janashakthi insurance company. In 2001 and 2002 Janashakthi bought out the National Insurance Corporation. He worked to improve road safety in Colombo , and after the 2004 tsunami he championed the highest payout of any insurer in Sri Lanka, beyond the payment of sums assured, considerably in excess ...
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 ...
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Amana Takaful PLC, doing business as Amana Takaful Insurance, is a Sri Lankan insurance company which follows the principles of Islam and it is listed in the Colombo Stock Exchange. It provides services ranging from life insurance and different types of general insurance solutions such as motor vehicle insurance , health insurance , theft and ...
Today, Hemas is a publicly quoted company listed on the Colombo Stock Exchange with over 4,000 shareholders and is regarded as one of the most respected and transparent companies in Sri Lanka and Asia's Most Socially Responsible Company.
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