Ceylinco Insurance invited to the AIRDC Executive Board

Ceylinco Insurance, Sri Lanka's leading Insurer, has been honoured with the invitation to represent Sri Lanka on the Executive Board of the prestigious Association of Insurers and Reinsurers of Developing Countries (AIRDC). The Executive Board of AIRDC constitutes of 15 representatives of full member nations.

The Association of Insurers and Reinsurers of Developing Countries (AIRDC) was formally established during the 2nd Third World Insurance Congress in Buenos Aires, Argentina in 1980 . A non-political and a non-governmental organization whose members come from insurance or reinsurance entities, the AIRDC is domestically incorporated and owned by nations, bodies or organizations of developing countries. The Association's principle objective is to develop and expand international collaboration and cooperation in the fields of insurance and reinsurance of every kind.

Among its objectives are to strengthen the insurance market in developing countries and to foster inter-regional cooperation within the insurance industry. Towards that end, the Association helps its member organizations in gathering, processing and exchanging of statistical data and information, share experiences and expertise relating to the insurance industry , develop programmes of insurance education and research on common problems in the insurance market, implement concrete means of technical cooperation as well as co-operate with public and private entities and with associations and regional organizations devoted to the promotion of the insurance industry in different parts of the world.