The interim government has not pursued significant reforms in the insurance sector

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

The government is going to formulate corporate governance guidelines to ensure compliance with applicable laws and regulations and good governance in the operation of insurance companies in Bangladesh.

Claim settlement rises 26% year-on-year

The amount of its settled claims was Tk 9.4 crore higher than premiums deposited

Insurers also have to take prior regulatory approval for agent training

The insurance sector should focus more on increasing awareness and regaining customers’ trust for the sake of the industry’s development, FBCCI President Md Jashim Uddin said today.