Business
AIA Insurance building pathways for a digitally enabled bancassurance platform with Commercial Bank of Ceylon
AIA Sri Lanka, a part of AIA Group, World’s Largest Life Insurer (by market capitalisation) entered into a digitally robust bancassurance partnership with Commercial Bank of Ceylon, Sri Lanka’s largest private bank. This partnership combines AIA’s compelling propositions, its digital expertise and proven bancassurance expertise with Commercial Bank’s network of more than 268 branches across Sri Lanka and its valued customer base.
The relationship is intended to go beyond an ordinary bancassurance relationship and facilitate a digitally enabled bancassurance platform. It will offer Commercial Bank’s customers and employees a range of innovative products and an ecosystem of vital financial advice on their protection, long-term savings and retirement planning needs with the best of AIA’s experience and expertise in Asia.
As a pioneer in bancassurance, AIA will apply its in-branch sales expertise, leading point-of-sale technology and broad product range across Commercial Bank’s customer base. Commercial Bank of Ceylon is Sri Lanka’s largest private bank with a customer base that has significant potential to deepen life and health insurance penetration. This will further strengthen AIA’s competitive advantage in the industry.
Both AIA and Commercial Bank are longstanding partners of the International Finance Corporation (IFC). Under the IFC-DFAT Women in Work program, Commercial Bank previously entered into an MOU offering exclusive insurance solutions for the Bank’s Anagi account holders to ensure financial security for women in Sri Lanka.
“We are truly excited to partner as a preferred insurer with Commercial Bank which is the largest private bank in Sri Lanka. Our bancassurance partnership with Commercial Bank brings together two trusted financial institutions with a long history of operating in Sri Lanka to build on the significant progress already achieved and increase the penetration of life and health insurance across Sri Lanka. It is also another timely forward step in our endeavour to provide the bank’s customers with opportunities that add greater protection and value to their lives through our range of need-based insurance solutions,” said Chathuri Munaweera, Chief Executive Officer/ Executive Director of AIA Insurance.
Sanath Manatunge, Managing Director/Chief Executive Officer of Commercial Bank said, “As Sri Lanka’s largest private bank, our customers come to rely on us to deliver world class products and services that offer value to them. By partnering with Sri Lanka’s best life insurer, we will be able to offer our customers access to high quality, tailored life insurance products and services that offer protection suited to their needs. We are pleased to tie up with AIA Insurance, a trusted company with a strong reputation and are confident that these services will strengthen the relationship with our customers.”
The new partnership arrangements will be implemented initially in Colombo and its suburbs and spread out to all Commercial Bank branches in gradual stages.
Business
SLEIS 2026 to examine Sri Lanka’s energy transition and its implications
Reliable and affordable energy is essential to Sri Lanka’s economic growth, industrial development and competitiveness. As the country seeks to strengthen energy security while reducing its dependence on fossil fuels, the energy sector will be a key area of discussion at the Sri Lanka Economic & Investment Summit 2026, organised by The Ceylon Chamber of Commerce on 12-13 October 2026.
The session, “Beyond Fossil Dependence: Balancing Security, Sustainability, and Growth,” will examine how Sri Lanka can diversify its energy sources, accelerate renewable energy adoption and attract investment while ensuring a reliable energy supply for businesses and households. Discussions will also consider the infrastructure and policy frameworks needed to support the country’s transition towards a modern and competitive energy system.
Ms. Edore Onomakpome – Regional Infrastructure Industry Manager – Bangladesh, Sri Lanka and Nepal, at the International Finance Corporation will keynote the session, and join the panel discussion featuring G.M.R.D. Aponsu – Secretary to the Ministry of Energy, Damitha Kumarasinghe – Director General (Chief Executive Officer), Public Utilities Commission of Sri Lanka, and Manjula Perera – Managing Director, WindForce PLC. The discussion will be moderated by Sheran Fernando – Senior Advisor, Plus94.
The session will also explore the role of public-private collaboration in developing new energy solutions, encouraging investment and creating opportunities within Sri Lanka’s evolving energy sector. It will consider how energy policy and investment decisions can support both economic expansion and the country’s longer-term sustainability objectives.
The Sri Lanka Economic & Investment Summit 2026 is supported by its valued sponsors and partners. Platinum Sponsor – Standard Chartered Bank Sri Lanka, Gold Sponsor – VISA Worldwide (Pvt) Ltd., Bronze Sponsor – South Asia Gateway Terminals (Pvt) Ltd., Strategic Development Partner – Asian Development Bank, Telecommunication Partner – Dialog Telecommunication, Television Partner – Dialog Television, Session Sponsors – David Pieris Motor Company (Pvt) Ltd., Hemas Holdings PLC, Sunshine Holdings PLC, International Construction Consortium (Pvt) Ltd., Official Logistics Partner – Hayleys Advantis Limited, Official Airline – SriLankan Airlines Ltd., Official Hospitality Partner – Shangri-La Colombo, Airline Partner – China Eastern Air Holding Co. Ltd.
Registrations are now open at https://sleis.chamber.lk/. For more information, contact Alikie on 011 558 8805 (alikie@chamber.lk) or Shanuka on 0701082541 (events.division@chamber.lk).
Business
A fresh chapter for the George Keyt Foundation: A renewed commitment to the Sri Lankan art ecosystem
The George Keyt Foundation (GKF), dedicated to preserving the legacy of modernist painter George Keyt and fostering local art, has announced strategic appointments to its leadership team, bringing together a mix of global academic expertise, corporate leadership, and artistic passion. These enhancements aim to inject fresh expertise and academic depth into the Foundation’s long-term vision.
Establishment of the New Advisory Committee
To broaden its operational reach and deepen its engagement with the global art market, the George Keyt Foundation has established an Advisory Committee. The newly appointed committee members include:
• Dr Sujatha Meegama is a Senior Lecturer in Buddhist Art History at the Courtauld. She is an acclaimed art historian, author and academic, bringing specialised knowledge in South Asian art history to guide the foundation’s curatorial and educational directives.
• Dr Shamil Wanigaratne: A clinical psychologist, author, and avid art historian, Shamil will lend his unique perspective to help the foundation design meaningful public outreach and cultural preservation strategies.
• Abbas Esufally: A veteran corporate leader and patron of the arts, Abbas is transitioning from his role as a GKF Trustee to this advisory position, where he will continue to offer his sharp business acumen and extensive network.
New Trustee Appointment
Leesha Captain has been appointed to the Board of Trustees. Inspired by Sri Lankan artists, Leesha is a recognised supporter of the local art scene. Leesha’s hands-on perspective will strengthen the foundation’s core team as they develop and design new art programs.
A Vision for the Future
“These new appointments mark an exciting chapter for us as we build on our decades-long history of promoting Sri Lankan artists,” says Malaka Talwatte, Chairman of the Foundation. “The combination of Leesha on the board, alongside the diverse expertise of our new Advisory Committee, will significantly amplify our efforts in curating high-profile exhibitions and expanding local and international partnerships”.
Business
Sun Siyam Pasikudah celebrates World Tourism Day with culture, cuisine and community
Sun Siyam Pasikudah, part of the Privé Collection under Maldivian-owned Sun Siyam Resorts, will mark World Tourism Day on 27 September 2026 with a full day programme celebrating the culture, cuisine and natural beauty of Sri Lanka’s east coast, paired with community focused sustainability activities.
The celebrations open with a special buffet of authentic Sri Lankan cuisine, followed by a street food festival showcasing regional snacks and traditional sweets rarely found on resort menus. A signature World Tourism Day mocktail and cocktail, created for the occasion, will be served through the day, while traditional Sri Lankan cultural dance performances bring the island’s heritage to life for guests.
Beyond the festivities, the resort has planned a tree planting activity with guests and a beach or park clean up campaign, both reflecting Sun Siyam Pasikudah’s ongoing commitment to responsible tourism along Sri Lanka’s northeast coast.
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