No more online training for insurance agents: IDRA
Insurers also have to take prior regulatory approval for agent training
Source: thedailystar.net
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Idra issues guidelines for insurtech
The insurance regulator of Bangladesh has finalised a framework enabling tech startups to innovate insurance policies, their distribution and other related tasks.
Source: thedailystar.net
Life insurance claims settlement grows to 67% in 2022
This growth was observed within the life insurance sector, contrasting with a decline in the non-life insurance sector
Source: tbsnews.net
Claim settlement by non-life insurers dipped in 2022
The claim settlement ratio of non-life insurance companies in Bangladesh slipped in 2022 due a liquidity crisis, reduced investment and lower returns on investment, according to industry people.
Source: thedailystar.net
Bangladesh: Motor insurance business risks becoming insignificant
Motor insurance business has fallen on tough times since 2018 when the government scrapped the requirement for all types of vehicles to be insured.
Source: asiainsurancereview.com