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.

The chief of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) made the call at the first meeting of the FBCCI's standing committee on insurance held at the FBCCI office in Dhaka.

"Insurance is one of the important sectors of the country's economy. However, a big challenge for this sector is a lack of confidence," Jashim Uddin said.

"We have to find a solution to get out of this situation. All concerned in this sector should play an active role to change customers' negative perceptions of the insurance industry."

Bangladesh is yet to fully utilise the possibilities of its insurance sector and there is no alternative to developing skilled manpower for future growth of the sector, he said.

The time has changed, so it is very important now to go for the modernisation of the insurance sector, FBCCI Vice-President MA Momen said.

He also advised attracting new customers by introducing striking ideas, products and services.

FBCCI Vice-President Md Amin Helaly, Director-in-charge of the FBCCI committee on insurance AKM Monirul Haque and Chairman of the committee Faridunnahar Laily also spoke.