The Sri Lanka Insurance Brokers Association (SLIBA) convened its 38th Annual General Meeting on 18^th December 2025 at Ramada by Wyndham, Colombo with a strong turnout of representatives from the insurance broker fraternity. The gathering reflected the enthusiasm and commitment of members toward advancing the industry

The newly elected President Ainsley Alles urged all stakeholders to recognise and support the insurance industry’s vital role in Sri Lanka’s economic restructuring efforts following the devastation of Cyclone Ditwah. He underscored the importance of working closely with the Insurance Regulatory Commission of Sri Lanka (IRCSL) and other stakeholders to ensure the industry receives due recognition in the nation’s economic restructuring efforts,

Outgoing President Mr. Pritha Fernando handed over the reins to Mr. Ainsley Alles, who will serve as President for the financial year 2025/26. The newly elected SLIBA Council comprises of Vice President; Mr. Adel Hashim, Honorary Secretary; Ms. Roshini Silva, Honorary Treasurer; Mr. Suresh Motha and Council Members; Mr. Niranjan Manickam, Mr. Sujeewa Vidanapathirana, Mr. Nirosh Gooneratne, Mr. Rukshan Gunasekera, and Mr. Indrajith Fernando. Mr. Pritha Fernando will continue to support the Council as Immediate Past President.

In his inaugural address, the newly elected President Ainsley Alles pronounced that the guiding theme for his tenure will be “Sustainable Growth and Professionalism.” He emphasised the critical role brokers can play in improving Sri Lanka’s insurance penetration ratio, which currently stands around 1% of the GDP. He further said, “there is an urgent need to raise public awareness about insurance as a risk-transferring tool, as many households and SMEs remain uninsured”

The role of the SLIBA Council will be strengthened by four advisory sub-committees namely; Technical & Education, Ethics & Grievances, Communications & Membership Development and Legal & Compliance. Other initiatives include: to strengthen the association and its service to members, establishing a permanent secretariat, formalise registration of SLIBA with the Registrar of Companies, preserve institutional memory, support compliance with Anti Money Laundering & Terrorism Funding and fellowship and engagement activities.

With a clear roadmap and energised membership, SLIBA is poised to play a pivotal role in strengthening insurance penetration and supporting the country’s economic resilience.