Dialog Axiata PLC has partnered with HNB General Insurance, one of Sri Lanka’s leading insurance providers, to collaboratively address the growing risks posed by extreme weather, particularly rainfall, cyclones, wind speed and temperature.
These parametric insurance solutions will be introduced through the Dialog Sayuru App.
Sayuru is a pioneering service by Dialog, the Department of Meteorology, and the Department of Fisheries and Aquatic Resources, that provides real-time, location-specific weather forecasts, emergency alerts, and essential maritime safety information to Sri Lankan fishermen.
This ground-breaking partnership with HNB General Insurance will provide direct financial support to day-boat fishermen who are unable to work due to adverse weather conditions such as cyclones.
By offering financial protection during periods when they cannot venture out to sea, the scheme ensures a stable income, reducing the financial hardships faced by these fishermen.
The insurance programme, facilitated through Dialog’s Sayuru App, enables day-boat fishermen to register for coverage.
In the event of officially declared cyclones, the insurance will be activated, ensuring compensation for affected fishermen.
“This partnership enables us to expand the reach of parametric insurance and provide meaningful financial protection to communities impacted by extreme weather. As the first local insurer to enter this space, we are proud to lead this innovation and redefine what insurance can do for our people,” said Sithumina Jayasundara, Director/CEO at HNB General Insurance.
“At Dialog, we remain committed to easing the financial burden faced by fishermen during extreme weather, while advancing financial inclusion within coastal communities,” he said.
