Monday, July 24, 2017

Bangladesh

Bangladesh insurers urged to partner with banks

Bangladesh insurers urged to partner with banks

Reaching out to villages and rural towns is key to expanding insurance coverage for the country’s people.

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Prudential, Taiyo pull out from Bangladesh entry

Prudential, Taiyo pull out from Bangladesh entry

The two insurers are reportedly withdrawing their plans to expand in the saturated but underdeveloped market.

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Bangladesh orders MetLife to raise capital by almost 500%

Bangladesh orders MetLife to raise capital by almost 500%

The Insurance Development and Regulatory Authority arrived at the figure using its new solvency margin rules.

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Bangladesh restricts Metlife from sending profits to US

Bangladesh restricts Metlife from sending profits to US

IDRA has refused to issue a permit for the insurer to repatriate its profits to its headquarters in the US.

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Prudential expresses interest in Bangladesh

Prudential expresses interest in Bangladesh

UK insurer eyeing majority stake in a proposed joint venture through IRDA

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Bangladesh cancels insurance licence for first time

Bangladesh cancels insurance licence for first time

Standard Insurance has lost its operating licence for failing mandatory reinsurance regulation.

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Bangladesh eyes insurance for 21 million public servants

Bangladesh eyes insurance for 21 million public servants

The government has plans to provide 2.1 million public servants with life and health insurance.

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World Bank eyes insurance investment in Bangladesh

World Bank eyes insurance investment in Bangladesh

The bank is reportedly planning to strengthen the sector and enhance its capacity through investment.

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Bangladeshi scheme will train insurance practitioners

Bangladeshi scheme will train insurance practitioners

Professional insurance education is being offered through two private academic institutions.

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Bangladesh to establish employment injury insurance

Bangladesh to establish employment injury insurance

Bangladeshi workers will soon have protection when they suffer injuries while at work.

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Bangladesh insurers warned on money laundering

Bangladesh insurers warned on money laundering

IDRA says insurers need to do more to stop money laundering and terrorist financing.

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Unaffordable premiums drive low take-up in Bangladesh

Unaffordable premiums drive low take-up in Bangladesh

A study shows that while insurance awareness is increasing, penetration remains stubbornly low.

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Bangladesh to appoint auditor to check spending of life insurers

Bangladesh to appoint auditor to check spending of life insurers

Majority of the country’s life insurers were in breach of their respective spending limits last year.

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Bangladesh regulator suspends Standard Insurance

Bangladesh regulator suspends Standard Insurance

Suspension follows failure to reinsure BDT463.3m (US$5.98m) worth of its policies.

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India’s LIC becomes second foreign insurer to enter Bangladesh market

India’s LIC becomes second foreign insurer to enter Bangladesh market

LIC to start operations as a JV entity with a paid up capital of BDT1bn (US$12.86m).

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Bangladesh insurers seek withdrawal of insurance policy tax

Bangladesh insurers seek withdrawal of insurance policy tax

Gains from life insurance policies urged to be withdrawn.

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Bangladesh to see first insurance JV if Mitsui Insurance gets license

Bangladesh to see first insurance JV if Mitsui Insurance gets license

Japan’s largest insurance company, reportedly in talks with insurance regulators in Bangladesh.

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Bangladesh to raise foreign stake in life insurance sector to 83%

Bangladesh to raise foreign stake in life insurance sector to 83%

Government keen to attract more foreign insurance companies to the country.

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Alexander Howell, Swiss Re Corporate Solutions

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