Sri Lanka’s President, Anura Kumara Dissanayake, has appointed three prominent experts to the Insurance Regulatory Commission of Sri Lanka (IRCSL). The new members include R.C. Kotte Hewa, G.A.S. Jayaratna, and D.W.S. Waidyarathne, whose appointments are in line with the Regulation of Insurance Industry Act, No. 43 of 2000.
As Minister of Finance, Planning, and Economic Development, President Dissanayake made these appointments under Section 4(1)(d) of the Act, which governs the operations of the IRCSL.
R.C. Kotte Hewa brings over two decades of auditing experience to the Commission. With a strong background in banking and finance sector audits, he has held senior roles at R.C. Associates and Ernst & Young. Kotte Hewa holds a BSc in Accountancy and Financial Management (Hons) and an MSc in Management Accountancy from the University of Sri Jayewardenepura. He is a Fellow of the Institute of Chartered Accountants of Sri Lanka, and an Associate Member of both the Chartered Management Accountants (UK) and the Certified Management Accountants of Sri Lanka.
G.A.S. Jayaratna has a distinguished career in law, with 34 years of litigation experience. He has provided consultancy to both local and international organizations and has lectured at the University of Ruhuna, Sri Lanka Law College, and Deakin University in Melbourne. Jayaratna holds a Master of International Relations from the University of Colombo, a Master of Laws from Deakin University, and a BA in Philosophy from the University of Peradeniya. He has also contributed to constitutional reform discussions and legal education reform efforts in Sri Lanka.
D.W.S. Waidyarathne currently serves as the Coordinating Secretary to the Governor of Southern Province and is a council member at the University of Ruhuna. He holds an MBA from Cardiff University, UK, and has extensive experience in the insurance sector, having held senior managerial roles from 2005 to 2021. Waidyarathne also has a long tenure in the education sector and was a visiting English instructor at the University of Ruhuna.
These appointments reflect a continued effort to strengthen the regulation and oversight of Sri Lanka’s insurance industry through the expertise of distinguished professionals.
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