Earnings per share (EPS) of 25 listed non-life insurance companies in Bangladesh out of a total of 35 increased during the first six months of 2019 compared to the same period of the previous year.
With insurance penetration in Bangladesh among the lowest in the world at 0.7%, insurers are now tapping digital platforms to expand their reach across the country.
General insurance companies have decided not to pay agents commission rates exceeding 15% to comply with a regulatory notice issued in 2012.
Floating hospitals, run by a non-governmental organization (NGO) and equipped with medical facilities, paramedics and doctors, provide free treatment in the river islands (chars) of Bangladesh.
As Bangladesh works towards achieving universal health coverage and access to quality health care in accordance to UN's '2030 Agenda for Sustainable Development', the current government intends to introduce health insurance to the entire country and provide healthcare services for all.
The insurance sector's premium income growth hit an eight-year fastest rate last year thanks to heightened efforts by insurers to revive lapsed insurance policies.
Pathao, a ride-sharing app provider in Bangladesh has tied up with Pragati Life Insurance and Carnival Assure to provide free insurance services to its riders and drivers.
The Cabinet has approved a new insurance law, called the Insurance Corporation Act, 2018, replacing a 1973 version.
Failure of national governance is ranked as the biggest risk to doing business in South Asia, according to the Regional Risks for Doing Business 2018 published by the World Economic Forum (WEF).
The insurance sector's returns on investments, including securities and fixed assets such as land and buildings, have been minimal.