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Life insurance companies in Bangladesh have continued to put more than half of their investments in treasury bills and bonds in the absence of diversified investment opportunities, official figures showed.
Insurers, regulators, and experts emphasise the importance of addressing and narrowing the insurance protection gap through various measures, including improving insurance awareness, transparency, digitisation, affordability, accessibility, and product innovation. They acknowledge that the fundamental challenges of the sector require engagement with stakeholders across the
The government is likely to make insurance mandatory for all types of vehicles, including motorcycles, cars and buses.
The government is likely to make insurance mandatory for all types of vehicles, including motorcycles, cars and buses.
The government will soon formulate a guideline for “insurtech” so that fintech firms and insurers can jointly boost insurance penetration, said Mohammad Jainul Bari, chairman of the Insurance Development and Regulatory Authority (IDRA), yesterday.