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Insurance stocks a double-edged sword for investors


Insurance stocks a double-edged sword for investors
Stocks of almost all non-life insurance companies have more than doubled over the past year while the benchmark index of the Dhaka Stock Exchange (DSE) rose 38 per cent.
At least two insurance companies saw their stock prices grow over five times the original value while it was three to four times for 17 others, shows the DSE data.
However, this rise in value is not supported by an increase in earnings.
For example, Provati Insurance surged eight times from its original value but declared only 17 per cent stock dividend for 2020. The company s earnings per share rose 85 per cent to Tk 1.26 in the first quarter of 2021. ....

Sharif Anwar Hossain , Abu Ahmed , University Of Dhaka , Dhaka Stock Exchange , Insurance Development Regulatory Authority , Bangladesh Insurance Association , Brokers Association , Provati Insurance , Prof Abu , Insurance Development , Regulatory Authority , Anwar Hossain , Prof Ahmed , ஷெரிப் அன்வர் ஹொசைன் , பல்கலைக்கழகம் ஆஃப் டாக்கா , டாக்கா ஸ்டாக் பரிமாற்றம் , காப்பீடு வளர்ச்சி ஒழுங்குமுறை அதிகாரம் , பங்களாதேஷ் காப்பீடு சங்கம் , தரகர்கள் சங்கம் , ப்ரோவாதி காப்பீடு , காப்பீடு வளர்ச்சி , ஒழுங்குமுறை அதிகாரம் , அன்வர் ஹொசைன் ,

Administrator appointed to Delta Life Ins


Case filed over Tk 35.18cr VAT evasion
Administrator appointed to Delta Life Ins
The Insurance Development & Regulatory Authority (IDRA) yesterday appointed an administrator with immediate effect to one of the sector s leading entities, Delta Life Insurance Company, explaining that it was to protect policyholders interests. 
Meanwhile, the VAT Audit, Intelligence and Investigation Directorate filed a case against the Delta under the VAT act alleging that it had evaded paying Tk 35.18 crore in VAT.
The insurance regulator s logic behind appointing Sultan-ul-abedin Mollah, a former IDRA member, was the unearthing of many rule and regulation breaches, which came to light through special and investigative audits. ....

Bangladesh General , Adeeba Rahman , Saima Parveen , Km Mosharraf Hossain , Corruption Commission , Bangladesh Bank , Police Bureau Of Investigation , Howladar Yunus Co , Life Insurance Company , Insurance Development Regulatory Authority , Delta Life Insurance Company , High Court , Insurance Development , Regulatory Authority , Investigation Directorate , Sultan Ul Abedin Mollah , Howladar Yunus , Insurance Company , Anti Corruption Commission , Motijheel Police Station , Police Bureau , பங்களாதேஷ் ஜநரல் , சைமா பாருவீன் , மீ மோஷார்ரப் ஹொசைன் , ஊழல் தரகு , பங்களாதேஷ் வங்கி ,