Sri Lanka's insurance regulator, the Insurance Regulatory Commission of Sri Lanka (IRCSL), recently participated in a financial literacy exhibition in order to raise awareness of coverage in the country.
The exhibition brought together major financial institutions in the country, including the Credit Information Bureau and Colombo Stock Exchange, as well as a wide range of participants, including school and university students, members of the general public and officials from both the government and private sectors.
At the event, the IRCSL provided visitors with information about insurance, new regulatory initiatives and industry trends, on top of the benefits of protection to help improve public awareness and understanding.
For instance, students were made aware of the basics of insurance, while the public was encouraged to share their personal insurance-related experiences and concerns.
The IRCSL also took the opportunity to gather feedback and address common issues faced by policyholders, thus fostering a greater awareness of how to manage and navigate insurance-related challenges in the future.