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Stocks bull run fails to bring cheer to insurers

Stocks’ bull run fails to bring cheer to insurers Their premium income fell for first time in at least 12 years Insurance stocks surged throughout the 2020. But now figures show that insurance companies did not have good business as their premium income fell for the first time in at least 12 years. The stock prices of non-life insurance companies that usually help hedge the risk of losses from damage and accidents of goods and assets rose over 95 per cent on average throughout 2020. However, data released by the Insurance Development and Regulatory Authority (IDRA) showed that premium incomes of non-life insurers decreased 7.46 per cent year-on-year to Tk 4,366 crore last year.

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