A comparison of the health impacts of climate change across countries points to a future that intensifies current inequalities: among G20 countries - which account for the majority of cumulative CO2 emissions -- a third will experience additional death rates because of climate change.
The Insurance Development and Regulatory Authority (IDRA) has proposed that commercial banks be allowed to tie up with four insurance companies at a time in bancassurance operations that are to be commenced soon.
The Insurance Development and Regulatory Authority (IDRA), the sole regulatory body for insurance companies in Bangladesh, has identified nine issues in the country's non-life insurance sector.
Over half of the life insurance companies in Bangladesh exceeded their management expense ceiling in 2021, affecting life funds adversely and eroding their capacity to settle claims.
Reinsurance companies in South and Southeast Asia (S/SEA) posted an improved combined ratio in 2021, although underwriting performance remains pressured with a continued reliance on investments to achieve bottom-line profitability, AM Best notes.
Insurance companies are barred from giving their CEOs any additional salary, allowances, bonuses, and benefits, beyond the limit stipulated by the law, says the insurance regulator.
The majority of listed non-life insurance companies in Bangladesh posted lower profits for the first half of 2022, with the decline attributed to a fall in marine insurance business, a bearish stock market, and economic slowdown in the country.
The Insurance Development and Regulatory Authority (IDRA) has found that two life insurance companies have allowed their directors and their associated enterprises to borrow from banks against fixed deposits placed with policyholders' funds.
The Bangladeshi government is set to hand out more insurance licences although many insurers established in the last 10 years have yet to gain traction in the industry.
The International Labour Organization (ILO)-developed Employment Injury Scheme (EIS) will now be available to garment workers in Bangladesh.