InsureMe, a leading insurance intermediary and InsurTech-enabled risk solutions provider in Sri Lanka, has enhanced its market offerings by obtaining a Reinsurance Broking Licence from the Insurance Regulatory Commission of Sri Lanka (IRCSL). This achievement places InsureMe among a select group of intermediaries in the country authorized to offer both insurance and reinsurance broking services, thereby reinforcing its role as a strategic risk partner to insurers and corporate clients managing increasingly complex risk environments.
The reinsurance licence empowers InsureMe to directly structure and place reinsurance programs for Sri Lankan insurers and large-scale corporate clients, providing access to global reinsurance markets, including specialist and Lloyd’s markets. This is especially crucial in the current operating landscape, where increased exposure to large, complex, and catastrophic risks demands more sophisticated risk transfer mechanisms beyond the capacity of local insurers.
InsureMe’s reinsurance capability is founded on an integrated service model, combining insurance placement, reinsurance structuring, and risk advisory under one platform. The company has already arranged reinsurance placements for local insurers, enabling effective management of high-value risks while ensuring regulatory compliance, cost efficiency, and continuity of coverage.
Niranjan Manickam, Managing Director at InsureMe, highlighted the strategic importance of the licence, stating, “Reinsurance is no longer a back-end function; it is a strategic enabler of resilience. As a licensed reinsurance intermediary, InsureMe is positioned to support insurers and corporates with technically sound, globally benchmarked reinsurance solutions. Our focus is on designing structures that are not only compliant but also commercially optimized and responsive to today’s evolving risk landscape.”
The company’s reinsurance operations are backed by a technical team with over 50 years of combined experience in insurance and reinsurance, possessing deep expertise across general insurance classes, including fire, engineering, marine, liability, cyber, and specialty risks. Central to this capability is Samanthi Liyanage, Head of Reinsurance and Advisory at InsureMe Insurance Broker, who brings over 20 years of experience in the general insurance industry, including a distinguished 17-year career in underwriting and management roles at leading insurance companies.
Commenting on the expanded mandate, Samanthi Liyanage stated, “Direct engagement with a reinsurance broker provides insurers and corporates with access to global capacity, technical structuring expertise, and stronger claims advocacy. Our role is to ensure risks are correctly assessed, programs are optimally designed, and clients are protected with certainty, particularly for large, complex, or capital-intensive projects.”
The ability to engage in reinsurance activities strengthens InsureMe’s value proposition to Sri Lankan corporates undertaking large infrastructure, manufacturing, or export-oriented projects, where local underwriting capacity alone may be insufficient. Through layered and structured reinsurance programs, InsureMe enables access to international capacity while maintaining competitive pricing and professional claims support.
This development follows InsureMe’s recent listing on the Colombo Stock Exchange, underscoring the company’s continued focus on governance, regulatory compliance, and long-term institutional growth. Together, the public listing and reinsurance licence mark a significant step in InsureMe’s evolution from a sole insurance intermediary to a comprehensive risk solutions partner serving both domestic and international markets.
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