News Non-Life31 Jul 2024

Sri Lanka:SRCCT business to drive growth at National Insurance Trust Fund Board

| 31 Jul 2024

The gross premiums of Sri Lanka-based National Insurance Trust Fund Board's (NITF) are expected to surge this year due to a recent directive requiring primary insurers to remit 100% of motor strikes, riots, civil commotion and terrorism (SRCCT) premiums to NITF, up from the previous 12%, says Fitch Ratings.

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