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IRCSL launches Centralised Insurance Data Repository
Daily FT
|February 25, 2026
THE Insurance Regulatory Commission of Sri Lanka (IRCSL) in collaboration with Credit Information Bureau of Sri Lanka (CRIB) has officially unveiled the Centralised Insurance Data Repository marking a new chapter in the country’s insurance sector.
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Signing of the subscription agreements between CRIB and the Chief Executive Officers of Licensed General Insurance Companies
The initiative was conceptualised under the leadership and guidance of IRCSL Chairman Dr. Ajith de Mel, whose commitment to strengthening data governance and market transparency laid the foundation for this important reform.
The Centralised Insurance Data Repository is a first-of-its-kind national initiative aimed at modernising Sri Lanka’s insurance sector by consolidating industry-wide insurance data into a single, secure platform managed by CRIB. The project transforms the industry from fragmented, insurer-specific data systems to a unified, data-driven ecosystem. The initiative is widely considered to be a significant step towards securing data-driven insurance, enhanced fraud prevention, and improved customer experience.
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