In a significant initiative aimed at bolstering the resilience of Sri Lankan fishermen, Dialog Axiata PLC has joined forces with HNB General Insurance to launch a parametric insurance scheme via the innovative Sayuru App. This pioneering solution is set to redefine how day-boat fishermen manage risks posed by extreme weather conditions like cyclones.

A Lifeline Cast in Partnership

At the heart of this initiative lies the commitment of Sri Lanka’s leading connectivity provider, Dialog Axiata, and eminent insurance firm, HNB General Insurance. Together, they address the pressing need for financial protection in the face of adverse weather. This strategic alliance ensures that fishermen receive compensation during periods when venturing out to sea becomes impossible.

Powering Financial Stability Through Innovation

The Sayuru App, a collaborative effort with the Department of Meteorology and the Department of Fisheries and Aquatic Resources, is equipped to provide real-time, location-specific weather forecasts that are crucial for the safety of maritime ventures. According to The Island.lk, the app’s new insurance feature activates automatically during officially declared cyclone conditions, providing a safety net for those affected.

Enhancing the Role of Sayuru in Community Resilience

Through its insurance capabilities, the Sayuru App deepens its engagement with Sri Lanka’s coastal communities, offering not just safety alerts but also a shield against the financial turmoil brought by extreme weather. This commitment mirrors HNB General Insurance’s mission to extend meaningful and accessible insurance solutions to those who need them the most.

Leading the Charge in Digital Financial Inclusion

Dialog Axiata’s leadership recognizes that empowering Sri Lanka’s fishermen goes beyond financial protection—it’s about bringing financial services to their fingertips. This initiative also marks a step forward in promoting digital literacy and financial inclusion among coastal residents, as fishermen are now able to manage their insurance needs conveniently through their mobile devices.

Steering Towards a Secure Future for Fishermen

In a world increasingly affected by climate unpredictability, innovative solutions like the Sayuru App’s parametric insurance offer hope and security to Sri Lankan fishermen. This pioneering approach not only aids in securing their livelihoods but also sets a precedent for integrating technology with meaningful community support to ensure sustainable futures.

As Sri Lanka continues to tackle the challenges posed by its environmental context, the collaboration between Dialog Axiata and HNB General Insurance serves as a beacon of corporate responsibility and social innovation, paving the way for advancements in the insurance landscape.