Business
Allianz Lanka partners with Nations Trust Bank for Bancassurance
Allianz Lanka has announced a landmark partnership with Nations Trust Bank for Bancassurance, as the bank’s Preferred Partner for general insurance. A synergistic opportunity for Allianz Lanka to expand its reach, and Nations Trust Bank to add value to its offering, the new partnership is expected to help both partners win together, during the 3-year partnership journey, while potentially being the largest Bancassurance partnership in Sri Lanka. Through this partnership, Allianz Lanka will be able to offer Nations Trust Bank customers a number of motor and non-motor insurance solutions. Customers will enjoy special premium rates, along with a host of other exclusive benefits and privileges as a result of this new partnership.
Commenting on the initiative, Gany Subramaniam, Chief Executive Officer at Allianz Insurance Lanka Ltd said, “We are very pleased to join hands with Nations Trust Bank as their preferred partner for Bancassurance. Our values and goals are in alignment, as we seek to create a more digitally enabled, seamless and convenient customer experience while adding value wherever we can. Furthermore, by pooling our resources and working together, both our organizations will be able to create exceptional value for our stakeholders. We look forward to working together and making insurance more convenient and accessible than ever before.”
The policies offered will provide comprehensive cover for vehicles, along with a number of special benefits, including a free personal accident cover worth LKR 5 million, in addition to the standard benefits, such as free flood and natural perils covers, and free leasing/hire purchase agreements, air bag covers and free taxi reimbursements. Other benefits include cover for emergency medical expenses, windscreens, baby-on-board protection, goods cover, leasing rental and accommodation reimbursements in the event of an accident, and more. For accident repairs, customers will enjoy special privileges at both partner garages and non-partner garages, including, pick and drop services and “click and go” repairs and repair warranties at partner garages, combined with zero owners account deductions, and free towing at non-partner garages. Non-motor policyholders too will enjoy a range of exclusive benefits.
Hemantha Gunetilleke, Chief Executive Officer of Nations Trust Bank spoke of the partnership. “Nations Trust Bank welcomes the opportunity to partner with Allianz Lanka, an industry leader in Bancassurance. As a bank that is on the path of digital reinvention, we look forward to integrating Allianz’s offerings and digital solutions, alongside our own innovative digital banking platforms to benefit our customers. We look forward to a mutually beneficial relationship, and are delighted to announce this partnership to our stakeholders.”
Customers can also take advantage of the combined power of Allianz Lanka’s digital offering, coupled with Nations Trust Bank’s plethora of digital banking services. Allianz Lanka is a leader in digital enablement and digitalization within Sri Lanka’s insurance industry having introduced pioneering digital services including the My Allianz App and Allianz eMotor Partner Portal.
The Central Bank of Sri Lanka today (07) presented its flagship publication, the Annual Economic Review for 2024 (AER 2024), to President and Minister of Finance, Anura Kumara Disanayake, highlighting the steady progress of Sri Lanka’s economic recovery following the country’s most severe downturn in recent history.
The report was officially handed over by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank, during a special ceremony held at the Presidential Secretariat.
AER 2024 comprises four main chapters: Macroeconomic Developments, Conditions of the Financial System, Review of Central Bank’s Policies and Macroeconomic Outlook.
According to the Review, the Sri Lankan economy showed significant signs of recovery in 2024, following the deep economic crisis experienced two years ago. The recovery trajectory, though challenging, has been notably faster than that of many other debt-distressed countries.
Improvements in economic activity, a partial resurgence in purchasing power and reduced uncertainty are among the key positive indicators noted in the report.
The event was attended by Dr. Nandika Sanath Kumanayake, Secretary to the President, K. M. Mahinda Siriwardena, Secretary to the Treasury, Mrs. K. M. A. N. Daulagala, Senior Deputy Governor, Dr. C. Amarasekara, Assistant Governor, Dr. (Mrs.) S. Jegajeevan, Director of Economic Research and Dr. L. R. C. Pathberiya and Additional Director of Economic Research at the Central Bank Dr. V. D. Wickramarachchi.
[PMD]
Business
IceWarp expands into Sri Lanka, fostering European innovation in collaboration with FentonsIT
IceWarp, a global leader in business communication solutions, has officially launched its cutting-edge platform in Sri Lanka, bringing European expertise in email and collaboration solutions to support the country’s evolving business landscape.
This expansion is driven by a strategic partnership with Fentons Information Technology (FIT), the Information Technology arm of Hayleys Fentons Limited.
The grand launch event held at The Kingsbury Colombo on 4th April, 2025, was graced by several distinguished guests, including Chief Guest Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC.
The presence of Adam Paclt, Global CEO of IceWarp, and Pramod Sharda, CEO for India and the Middle East of IceWarp, along with their global team, highlighted the significance of this expansion. Industry experts, government officials, corporate leaders, and CIOs from the banking, financial services and insurance sectors were in attendance as well, reflecting strong local interest in IceWarp’s European expertise.
With this launch, Sri Lankan businesses now have access to an affordable, scalable and secure alternative to Microsoft 365 and Google Workspace. IceWarp’s advanced Collaboration Suite integrates a wide range of tools into a single, unified platform designed to streamline communication and boost productivity. Offering flexible hybrid deployment options and cost-efficient solution, IceWarp enables organisations to optimise their operations without compromising security or functionality.
Eventistry Sports, a trailblazer in innovative sporting events, has unveiled the Sri Lanka Padel League (SLPL), the nation’s first franchise-based padel tournament, set to debut in June 2025. This groundbreaking league promises to redefine Sri Lanka’s sports landscape by creating a dynamic national platform for athletes while fostering unity among fans, brands, and communities.
The SLPL will showcase six franchise teams, each embodying the spirit of iconic Sri Lankan locales: the Colombo Chargers, Yala Rangers, Hikkaduwa Riders, Ella Hawks, Arugambay Vipers, and Trinco Warriors. These teams will not only ignite regional pride but also unite the country through a shared passion for padel—a fast-paced racquet sport merging tennis and squash, played on enclosed courts.
“The SLPL is more than a league; it’s a movement,” declared Karin Wijeratne, Director of Eventistry Sports. “By blending franchise sports with Sri Lanka’s vibrant culture, we’re creating a platform where players gain national recognition, fans rally behind their hometown heroes, and brands engage with communities in meaningful ways.”
The league’s launch on June 21–23, 2025, at Colombo’s Padel House courts (CR&FC) will kick off with three days of high-octane matches, preceded by a star-studded player auction on May 16th at The Vault, Colombo City Centre. Local talent—both professional and intermediate—will be drafted by franchise owners, with international registrations now open to elevate the competition’s global appeal.
Please log in to: www.slpadelleague.com and social media: @SriLankaPadelLeague (Facebook & Instagram) for more information.
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