Press briefing of Cabinet Decision taken on 2020-06-10

Providing consultancy services for Actuarial Expertise to the Insurance Regulatory Commission of Sri Lanka

- 'Sri Lanka - Financial Sector Modernization Project' is implemented under World Bank funds. The Insurance Regulatory Commission of Sri Lanka works as a partner in implementing the project. Under the project, approximately US$ 9 million has been allocated for the development/modernization of the Insurance Sector. The Commission has planned to recruit 5 consultants for this purpose and the procurement procedures are being carried out to procure the Actuarial Expert Consultancy Services. Accordingly, the Cabinet approval was granted in accordance with the recommendation of the Cabinet Appointed consultant procurement committee, to award the said Consultant Service contract for two years to Mr. Teus Mourik in the Netherlands, subject to the payment of US$ 4 Lakhs including Tax.