The use of the CEO (current charge) title also requires regulatory approval

The Insurance Development and Regulatory Authority (IDRA) has fined Takaful Islami Insurance Limited Tk 10 lakh.

All of them were appointed to three-year terms at different times

All but Bangladesh Co-operative Insurance have already paid the fines

Government-owned banks and non-bank financial institutions yesterday highlighted 25 innovative initiatives that offer various financial services to customers.

Sk Md Rezaul Islam, former additional secretary, will be the new administrator with immediate effect

Insurance companies in Bangladesh will no longer be able to charge policyholders for commissions or service fees while settling claims, according to the “Insurance Claims Management Guideline 2024”.

Brig Gen (retd) SM Ferdous has already joined office: IDRA spokesperson

The Insurance Development and Regulatory Authority (IDRA) has given Padma Islami Life Insurance five working days to explain why they should not be penalised for failing to settle claims amounting to Tk 211.82 crore last year.

National Insurance Day on March 1

The insurers also have to explain how it will be benefitted by a company-sponsored foreign travel of an official

Eighteen non-life insurance companies spent more in 2022 on management expenses than allowed, leaving a negative impact on their overall business and eroding their capacity to settle claims.

Insurers also have to take prior regulatory approval for agent training

The data centre will be established within six to nine months

The insurance regulator issued a circular in this regard today