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Bangladesh tag returned 87 results

  • Bangladesh: Insurers to implement e-receipt system by 1 Oct

    The Insurance Development and Regulatory Authority of Bangladesh (IDRA) has introduced a digital e-receipt system and banned the issuance of handwritten or printed paper receipts by insurance companies for premiums collected from policyholders.

    Asia | 30 Apr 2021
  • Bangladesh: Average insurance policy lapse rate seen as at least 50%

    An analysis of the financial reports of insurance companies in Bangladesh over the previous five years shows that an average, half of all insurance policies purchased in a year lapsed after the payment of the first-year premium.

    Asia | 14 Apr 2021
  • South Asia: Deadly heat waves will be common in the region

    People living in South Asia already experience potentially deadly heat waves, but these events will likely become more commonplace in the coming decades even if global warming is limited to the 1.5 degrees Celsius, according to a new study in "Geophysical Research Letters", a journal of the American Geophysical Union.

    Asia | 30 Mar 2021
  • Bangladesh: Insurer embroiled in commission row with airline

    Two state owned entities---the Biman Bangladesh Airlines and the Sadharan Bima Corporation (SBC)--- are engaged in a dispute over the sharing of commissions received from reinsurers, officials say.

    Asia | 23 Mar 2021
  • Flood insurance to the rescue of poorer communities

    A climate-risk insurance pilot scheme launched in Bangladesh last year by the World Food Programme (WFP), Oxfam Bangladesh and Weather Risk Management Services in cooperation with Green Delta insurance will be a great boon to poorer communities when rolled across Bangladesh who face disruption in their lives and livelihoods from floods every year.

    AIRPlus | 18 Mar 2021
  • Bangladesh: Insurers urge regulator to make motor first-party cover mandatory

    Insurers in Bangladesh are lobbying for first-party comprehensive motor vehicle insurance to be made mandatory.

    Asia | 09 Mar 2021
  • Bangladesh: Regulator urges insurers to comply with capital rules

    The Insurance Development and Regulatory Authority (IDRA) has directed all insurers to comply with rules that require their sponsors to raise the stakes they hold to 60% in their respective companies and the companies' minimum paid-up capital to BDT300m-400m ($3.5m-4.7m) within one month.

    Asia | 20 Jan 2021
  • Bangladesh: Govt in multimillion-dollar project to digitise insurance sector

    The Bangladeshi government is undertaking a BDT6bn ($70.75m) project to ensure faster upgrading and digitalisation of the insurance sector, Mr M Mosharraf Hossain, chairman of the Insurance Development and Regulatory Authority (IDRA), has said.

    Asia | 15 Jan 2021
  • Bangladesh: Regulator to issue bancassurance guidelines

    Bangladesh's insurance regulator will release guidelines this year to allow insurance to be marketed through bank channels, according to industry insiders.

    Asia | 11 Jan 2021
  • Bangladesh: Bancassurance guidelines expected to be issued next year

    The Insurance Development and Regulatory Authority (IDRA) has plans to issue final guidelines next year covering bancassurance and paving the way for expanding the insurance market through banking channels.

    Asia | 14 Dec 2020

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