Economic Growth and Insurance Sector Development of Sri Lanka

Show simple item record Prabhashitha, H.P.W. Deshapriya, N.P. R. 2021-02-10T04:41:40Z 2021-02-10T04:41:40Z 2012
dc.identifier.issn 2235-9877
dc.description.abstract Financial systems are an important element for the economic growth process, because they have a function which provides funds for wide spreading of new technologies and accumulation of capital funds.Insurance serves a number of valuable economic functions that are largely distinct from other types of financial intermediaries as it provides risk transfer and compensation by the efficient distribution of different risks. A well-developed insurance sector is necessary for the economic development of an emerging economy like Sri Lanka, as it provides long-term funds for physical and social infrastructure, while simultaneously strengthening risk-taking abilities.The increase of total assets by 22%, income by 40% and pre-tax profit by 262% shows the expansion of Sri Lankan insurance business in 2010 (Central Bank of Sri Lanka Annual Report -2010). This study examined the current industry conditions of insurance industry in Sri Lanka and was focused on assessing the relationship between economic growth and insurance sector development. Further, to focus on the causality directions between two identified variables also was a main objective of this particular study. en_US
dc.language.iso en en_US
dc.publisher Uva Wellassa University of Sri Lanka en_US
dc.relation.ispartofseries ;Research Symposium
dc.subject Entrepreneurship and Manangment en_US
dc.subject Managment en_US
dc.subject Accountancy en_US
dc.title Economic Growth and Insurance Sector Development of Sri Lanka en_US
dc.title.alternative Research Symposium 2012 en_US
dc.type Other en_US

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