Submission of Annual Returns and Actuarial Abstracts as at 31st December 2015


Section 47 (1) & 56 of the Regulation of Insurance Industry Act, No. 43 of 2000 – Annual Returns of Insurance Companies

An insurance company shall, for every financial year commencing from the first day of January 2011, furnish to the Insurance Board of Sri Lanka (IBSL), its annual returns in accordance with the revised formats (revised to be in line with the amendments made to the Solvency Margin Rules).

Such returns are required to be furnished to IBSL within six months after the closure of the financial year along with statements of holding issued by the Central Bank of Sri Lanka in respect of investments made in Government Securities.

1)  Determination 01 (Formats)

2)  Solvency - General Insurance (Formats) - (amended on 27/03/2014)

3)  Financial Statements (amended on 27/03/2014)

4)  Balance Sheet and Profit & Loss Account (Formats)

5)  Other Annual Forms

6)  Unit-linked Balance Sheet and Profit & Loss Account (Formats)

Section 48 (1) of the Regulation of Insurance Industry Act, No. 43 of 2000 – Actuarial Abstract of Insurance Companies

An insurance company carrying on long term insurance business shall, cause an abstract to be made by an actuary for every financial year commencing from the first day of January 2011, according to the revised formats (revised to be in line with the amendments made to the Solvency Margin Rules) and furnish such abstract to the Insurance Board of Sri Lanka (IBSL) within six months after the closure of the financial year.

1)  Solvency - Life Insurance (Formats)

2)  Actuarial Report and Abstract (Amended on 27/03/2014)

Following chart discloses the dates that insurance companies submitted the above mentioned returns:

 

Insurance Company Date of Submission
1 AIA Insurance Lanka PLC 30/06/2016
2 AIG Insurance Limited 29/05/2016
3 Allianz Insurance Lanka Limited 01/07/2016
4 Allianz Life Insurance Lanka Limited 30/06/2016
5 Amana Takaful Limited 20/06/2016
6 Amana Takaful Life Ltd. 20/06/2016
7 Arpico Insurance Limited 30/06/2016
8 Asian Alliance Insurance PLC 30/06/2016
9 Asian Alliance General Insurance Ltd. 30/06/2016
10 Ceylinco Life Insurance Ltd.    29/06/2016
11 Ceylinco General Insurance PLC  30/06/2016
12 Continental Insurance Lanka Limited 30/06/2016
13 Cooperative Insurance Company Limited 13/07/2016
14 Cooplife Insurance Limited 01/07/2016
15 HNB Assurance PLC 30/06/2016
16 HNB General Insurance Ltd. 30/06/2016
17 Janashakthi Insurance PLC 29/04/2016
18 Janashakthi General Insurance Ltd 29/04/2016
19 Life Insurance Corporation (Lanka) Limited 18/07/2016
20 LOLC Life Assurance Ltd. 30/06/2016
21 LOLC General Insurance Ltd. 30/06/2016
22 MBSL Insurance Company Limited 30/06/2016
23 National Insurance Trust Fund         -
24 Orient Insurance Limited 30/06/2016
25 People's Insurance Limited 29/06/2016
26 Seemasahitha Sanasa Rakshana Samagama 30/06/2016
27 Sri Lanka Insurance Corporation Limited 30/06/2016
28 Union Assurance PLC 30/06/2016
29 Union Assurance General Ltd. 30/06/2016

 

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