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The theme of this year's National Insurance Day is 'Mujib Borsher Ongikar, Bima Hok Sobar'. She said if awareness can be generated then people would opt for opening various types of insurance policies. "For this purpose, huge publicity is urgently needed," she said. Sheikh Hasina also elaborated the government's initiatives for developing the insurance industry and noted that the Insurance Act 2010 and National Insurance Policy 2014 were formulated to replace the old law of 1938. Besides, the government also constituted the Insurance Development and Regulatory Authority in 2010 to give the in...

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 incom...

The theme of this year's National Insurance Day is "Mujib Borsher Ongikar, Bima Hok Sobar". Hasina said if awareness can be built then people would go for opening different types of insurance policies. "For this, widespread publicity is urgently needed." She said there should be large health insurance facilities in the country as people are not much aware of such insurance activities till now. "Once the coronavirus pandemic is over, I think such awareness will be created among people in this regard." The premier put emphasis on building more confidence in the insurance sector through increase...

DELTA LIFE INS CRISIS Star Business Report Star Business Report The Bangladesh Securities and Exchange Commission (BSEC) has appointed a special auditor for Delta Life Insurance Company to assess the firm's health. The move comes following allegations of regulatory breaches by the listed insurer. The Insurance Development and Regulatory Authority (IDRA) appointed Sultan-ul-abedin Mollah as an administrator of Delta Life Insurance on February 11. The IDRA said they took this initiative to protect the policyholders' interests and submit a report on ...

Delta Life to appoint US actuary firm to assess health Star Business Report Star Business Report Delta Life Insurance is going to appoint a foreign actuary firm to get an independent assessment of the health of the insurer, which came into the spotlight for breaching rules and making bribery allegation against the head of the industry regulator. After appointing an administrator in the company, the Insurance Development and Regulatory Authority (IDRA) ordered special audits into Delta Life Insurance to ascertain the authenticity of allegations from ...