SLIC deal opens up the Sri Lankan risk market

The biggest story of the year in the Sri Lankan insurance market is the impending sell-off of the state-owned Sri Lanka Insurance Corporation. SHIRISH NADKARNI examines the implications for the other players in this fast-developing market

THE most important event in the Sri Lankan market during 2002 was the announcement of the sell-off of government equity in the Sri Lanka Insurance Corporation (SLIC).