Bangladesh Road Transport Authority (BRTA) has that no case could be filed against any motor vehicle or vehicle owner for not having third-party liability insurance.
The Bangladesh Securities and Exchange Commission (BSEC) has granted a waiver to 26 insurance companies from a requirement to raise a minimum BDT300m ($3.5m) in capital through an initial public offering using the fixed price method.
The Bangladeshi government has appointed Dr M Mosharrof Hossain as chairman of the Insurance Development and Regulatory Authority (IDRA).
Only four directors of three listed companies complied with rules regarding minimum 2% shareholding by each director of a listed company though the Bangladesh Securities of Exchange Commission (BSEC) on 2 July gave 61 non-compliant directors of 22 companies 45 days to comply with the requirement.
Google has expanded its AI-powered flood forecasting initiative (FFI) in India and Bangladesh to predict riverine floods for a landmass covering 500,000 square kilometres and over 240m people.
Only one out of the 28 non-listed insurance companies have offloaded shares even though Finance Minister AHM Mustafa Kamal warned last September that their licences would be cancelled if they failed to go public within three months.
The free COVID-19 insurance cover offered by Digital Health Solutions in June for 100,000 individuals on a first-come-first-served basis saw many registrations from rural Bangladesh.
A third of Bangladesh has been underwater after some of the heaviest rains in a decade, officials said. According to the most recent figures available, nearly 1m homes were inundated and 4.7m people were affected.
A resilience scorecard developed by the Harvard Humanitarian Initiative (HHI) and aid agency Concern Worldwide in 2019 has found that most households in Sarankhola and Mongla upazilas in Bagerhat district in southern Bangladesh would have difficulty in disaster recovery.
The Bangladesh Securities and Exchange Commission (BSEC) has directed 49 directors of 14 listed insurance companies who each failed to hold the required minimum stake of 2% in their respective companies or be automatically removed from their positions.