NEW LEADERSHIP Guiding Theme “Sustainable Growth and Professionalism”

Chartered Accountants Fortify Insurance Brokers Association

  Ahdil Hashim Ainsley A Suresh Motha Indrajith Fernando

Newly elected Sri Lanka Insurance Brokers Association (SLIBA) President Ainsley Alles pronounced that the guiding theme for his tenure will be “Sustainable Growth and Professionalism.” He emphasized the critical role brokers can play in improving Sri Lanka’s insurance penetration ratio, which currently stands at less than 2% of GDP. To achieve this, SLIBA will prioritize training and knowledge-sharing sessions to elevate professional standards.  The role of the Council will be strengthened by 4 advisory sub-committees namely; Technical & Education, Ethics & Grievances, Communications & Membership Development and Legal & Compliance.

Leading Chartered Accountants Indrajith Fernando and Suresh Motha was elected and would fortify the Council of the Sri Lanka Insurance Brokers Association (SLIBA) at the 38^th AGM held in December 2025. 

Mr. Alles underscored the importance of working closely with the Insurance Regulatory Council of Sri Lanka (IRCSL) and other stakeholders to ensure the industry receives due recognition in the nation’s economic restructuring efforts, particularly in the aftermath of Cyclone Ditwah. He highlighted the urgent need to raise public awareness about insurance as a risk-transferring tool, noting that many households and SMEs remain uninsured. He commended IRCSL’s recent awareness campaign as a step in the right direction. The SLIBA Council outlined several initiatives to strengthen the association and its service to members, such as establishing a permanent secretariat, formalize registration of SLIBA with the Registrar of Companies, preserve institutional memory by collating historical documents, support compliance with AML/TF and other regulatory directives and fellowship and engagement activities. He opined that there should be financial prudence, transparent grievance process and enhanced communication.

In conclusion, the 38th AGM marked not only a leadership transition but also a renewed commitment to professionalism, sustainability, and advocacy within Sri Lankness insurance brokerage sector. With a clear road map and energized membership, SLIBA is poised to play a pivotal role in strengthening insurance penetration and supporting the country’s economic resilience.

About SLIBA

The Sri Lanka Insurance Brokers Association (SLIBA) represents the collective voice of insurance brokers in Sri Lanka, working to enhance professionalism, compliance, and industry recognition while fostering fellowship among members.