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Fitch: Competition in Sri Lanka Non-Life Sector to Rise as Premiums Fall

By Fitch Ratings 2020-09-15T06:39:00

Fitch believes that new business premiums from motor insurance - which accounted for around 60% of the non-life insurance industry’s gross premiums - will contract in 2020 with the reduction in new vehicle registrations. We believe the release of the limited new-vehicle stocks into the market will be insufficient to ...

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