The Sri Lanka Insurance Brokers Association (SLIBA) held its 38th Annual General Meeting on December 18, 2025, at the Ramada by Wyndham in Colombo, attracting a strong attendance from the insurance broker community. This gathering demonstrated the members’ enthusiasm and commitment to advancing the industry.
The newly elected President, Ainsley Alles, called on all stakeholders to recognize and support the insurance sector’s crucial role in Sri Lanka’s economic restructuring efforts following the devastation caused by Cyclone Ditwah. He emphasized the importance of collaborating closely with the Insurance Regulatory Commission of Sri Lanka (IRCSL) and other stakeholders to ensure the industry receives the recognition it deserves in the nation’s economic restructuring initiatives.
Outgoing President Pritha Fernando passed the leadership to Ainsley Alles, who will serve as President for the 2025/26 financial year. The newly elected SLIBA Council includes Vice President Adel Hashim, Honorary Secretary Roshini Silva, Honorary Treasurer Suresh Motha, and Council Members Niranjan Manickam, Sujeewa Vidanapathirana, Nirosh Gooneratne, Rukshan Gunasekera, and Indrajith Fernando. Pritha Fernando will continue to support the Council as Immediate Past President.
In his inaugural address, President Ainsley Alles announced that his tenure’s guiding theme will be “Sustainable Growth and Professionalism.” He highlighted the critical role brokers can play in improving Sri Lanka’s insurance penetration ratio, which currently stands at approximately 1% of GDP. He stated, “There is an urgent need to raise public awareness about insurance as a risk-transferring tool, as many households and SMEs remain uninsured.”
The SLIBA Council’s role will be enhanced by four advisory sub-committees: Technical & Education, Ethics & Grievances, Communications & Membership Development, and Legal & Compliance. Other initiatives include strengthening the association and its service to members, establishing a permanent secretariat, formalizing SLIBA’s registration with the Registrar of Companies, preserving institutional memory, supporting compliance with Anti-Money Laundering & Terrorism Funding, and promoting fellowship and engagement activities.
With a clear roadmap and energized membership, SLIBA is well-positioned to play a pivotal role in strengthening insurance penetration and supporting the country’s economic resilience.
