Sri Lanka’s largely underpenetrated insurance sector presents significant economic and societal opportunities as the country transitions from crisis-era stabilisation toward sustained economic expansion.As Sri Lanka seeks to modernise its physical infrastructure and shift toward renewable energy, the need for patient, long-term capital has never been more urgent. As per the analyst, they stressed that domestic institutional investors must step up to fill this financing gap, thereby reducing the country’s reliance on external debt. Pension funds, insurers and other owners of patient capital can and importantly should, play a larger role in funding long-term duration projects, pointing to the structural importance of a deep capital market. Securing this growth and maintaining public trust requires continuous investment in professional standards and corporate governance. Drawing on the group’s pan-Asian experience, highlighting the sustained talent development yields material payoffs in the financial services sector. (ICE NEW DELHI)

Fonte notizia: The Daily Mirror