Country: Bangladesh Page 1 / 2
-
- August 30 2024
Blue Marble plans Asia expansion to bring insurance to the underserved
Through public-private partnerships, developing prototypes on the ground and using AI as a way to enhance pricing and modelling, the parametric insurtech is expanding its programs in the region which its CEO Jaime de Pinies describes as a "patience game".
-
- May 29 2024
Cyclone Remal floods villages, cuts power, shuts airports in Bangladesh, India
The cyclone has affected 3.7 million people along the coast and killing at least 16 people as of May 28.
-
- April 23 2024
Asia warming faster than global average, hit by 79 weather-related disasters in 2023: WMO
Floods and storms are causing the highest number of reported casualties and economic losses, whilst the impact of heatwaves became more severe, according to a report from the UN climate agency.
-
- February 13 2023
Bangladesh reinsurance policies at risk of lapsing due to dollar shortage: report
Several cedents have been unable to pay premiums over many months due to restrictions on foreign currency remittance from the country.
-
- November 8 2022
India eyes parametric alternatives for crop insurance scheme
The market seeks to introduce greater efficiency in the oft-criticised agri insurance scheme through new technologies.
-
- August 3 2022
Urban floods in India, China and Bangladesh spurred H1 cat losses: Swiss Re
Floods in Australia were the costliest cat event in H1 2022 in terms of insured losses.
-
- June 18 2021
Bangladesh pushes for more insurers to go public–report
Local insurance companies have been granted exemptions from certain IPO rules.
-
- May 10 2021
Asian Re’s loss ratio deteriorates as cat losses bite: AM Best
Underwriting results remain volatile with Asian Re's five-year average COR exceeding 125%.
-
- September 9 2020
Insurtech BIMA lands US$30m for Asia push
Investors include Allianz and China's CEFIF.
-
- June 11 2020
Cyclone Amphan losses shoot up to US$15bn: report
Most of the damage is expected to be uninsured.
-
- May 20 2020
India and Bangladesh brace for super cyclone while in lockdown
The human cost may loom larger than insured losses from this storm.
-
- November 11 2019
Millions evacuated as Cyclone Bulbul makes impact
The storm has killed 13 people and is likely to wreak further damage in India and Bangladesh.
-
- March 1 2018
Bangladesh to go after excessive insurance commissioning
The country's insurance regulator has vowed to intensify a campaign to crack down on the practice.
-
- April 26 2017
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.
-
- July 25 2016
Prudential, Taiyo pull out from Bangladesh entry
The two insurers are reportedly withdrawing their plans to expand in the saturated but underdeveloped market.
-
- February 17 2016
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.
-
- February 11 2016
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.
-
- December 21 2015
Prudential expresses interest in Bangladesh
UK insurer eyeing majority stake in a proposed joint venture through IRDA
-
- November 13 2015
Bangladesh cancels insurance licence for first time
Standard Insurance has lost its operating licence for failing mandatory reinsurance regulation.
-
- November 10 2015
Bangladesh eyes insurance for 21 million public servants
The government has plans to provide 2.1 million public servants with life and health insurance.
