Although microinsurance is considered a tool for addressing gaps in insurance coverage and a means of improving social safety nets in the country, the absence of a clear focus on microinsurance within insurance legislation continues to be an impediment. In this context, this article examines whether regulating microinsurance is a necessity or whether it could discourage the industry’s progress.
While Sri Lanka has been performing impressively with regard to human development, especially in terms of health and education, there are still a few major concerns that need urgent attention. This article by Wimal Nanayakkara examines the ways in which these concerns can be addressed to achieve better levels of human development and living standards.
Even though most Sri Lankans, especially those in poor and rural communities, are vulnerable to various types of risks, the demand for insurance is significantly low. This article by Manoj Thibbotuwawa examines microinsurance as an alternative to regular insurance and provides recommendations to make microinsurance schemes more viable in Sri Lanka.
Poverty is a significant indication of a nation’s human development and social economic status. As such, eradicating extreme poverty and reducing all dimensions of poverty is an important Sustainable Development Goal. This article by Wimal Nanayakkara looks at the status of poverty in Sri Lanka, based on different poverty lines, both national and global. The estimates are based on the “Household Income and Expenditure Survey-2012/13” (HIES-12/13), conducted by the Department of Census and Statistics (DCS).
Women’s Labour Force Participation in Sri Lanka: An Inquiry into the Key Social and Cultural Constraints
Social and cultural norms and practices continue to impede the full and equal participation of women in the labour market. On February 20th, the World Day of Social Justice, this article will examine the key socio-cultural constraints to female labour force participation and provide recommendations aimed at tapping into the full economic potential that women to stimulate growth in Sri Lanka.