SLIC gets new Chairman

Sri Lanka Insurance Corporation (SLIC) yesterday announced the appointment of Nusith Kumaratunga as the new Chairman, from 18th of October 2024. Kumaratunga assumed official duties on 22nd October 2024.

The SLIC statement: “A seasoned professional with extensive experience in finance, management, and entrepreneurship, Mr. Kumaratunga brings a wealth of knowledge and expertise to the leadership of Sri Lanka’s largest and most established insurance provider.

Kumaratunga is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka, having obtained his membership in 1997. He is also a member of the Institute of Certified Management Accountants of Sri Lanka. In addition, he holds a B.Sc. Special Degree in Estate Management and Valuation from the University of Sri Jayewardenepura.

Hailing from Matara, Kumaratunga is an alumnus of St. Servatius College, where his leadership abilities were nurtured from a young age. He began his professional career with the globally recognized audit firm PricewaterhouseCoopers in 1995, laying the foundation for a distinguished career in finance and management.

In 2000, Kumaratunga founded his own audit firm, Nusith Kumaratunga & Co., which has grown into a highly respected entity, specializing in audit services, tax planning, business advisory, and management consultancy. His firm is known for supporting small and medium enterprises (SMEs), offering critical guidance on financial management and business growth.

Over the years, Kumaratunga has contributed significantly to the development of SMEs in Sri Lanka. He has served as a key resource person for the Ceylon Chamber of Commerce’s World Bank-funded SME Development Facility Project and has conducted training programs across the country to empower entrepreneurs. His expertise has also been sought by institutions such as the Industrial Development Board, the Institute of Chartered Accountants of Sri Lanka, and various financial institutions.

In addition to his professional achievements, he has been actively involved in advising on taxation and economic policies in Sri Lanka. His commitment to supporting the business community and fostering economic growth has been a hallmark of his career.

As Chairman of Sri Lanka Insurance Corporation, Kumaratunga is expected to steer the company towards continued success and innovation, ensuring that SLIC remains at the forefront of the insurance industry in Sri Lanka.”

Source:The Island