Country: Bangladesh Page 1 / 2
- 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.
- November 6 2015
World Bank eyes insurance investment in Bangladesh
The bank is reportedly planning to strengthen the sector and enhance its capacity through investment.
- October 19 2015
Bangladeshi scheme will train insurance practitioners
Professional insurance education is being offered through two private academic institutions.
- October 9 2015
Bangladesh to establish employment injury insurance
Bangladeshi workers will soon have protection when they suffer injuries while at work.