IDRA
Observer appointed to Sonali Life Insurance
The finance ministry has appointed Md Shah Alam, additional secretary of the Financial Institutions Division (FID) as an observer to the troubled Sonali Life Insurance
No insurance assets will be usable for owners’ personal loans
Insurers shall not assist company directors, shareholders, their families or other related individuals in obtaining loans from financial institutions by using company assets as collateral, according to a draft amendment to Insurance Act 2010.
IDRA seeks govt support for insurance coverage expansion
IDRA has sought cooperation from ministries and public entities to expand insurance coverage for citizens and properties to reduce the risks of damage and losses.
IDRA instructs insurers not to take loans against paid-up capital
IDRA has instructed insurers to keep an equivalent amount of paid-up capital as deposits at banks under the company’s name without liability
IDRA removes two-thirds of Swadesh Insurance directors over fund scam
IDRA has relieved 12 of the 18 directors of Swadesh Islami Life Insurance Company over allegations of embezzling fixed deposit among others
Regulator bars four life insurers from spending until claims are cleared
The Insurance Development and Regulatory Authority (IDRA) has ordered four life insurance companies to not spend any amount from their income through premiums, investments and life funds unless they settle claims of policyholders by the end of December
IDRA steps in as Fareast Islami Life Insurance falls behind on payout
IDRA has ordered Fareast Islami Life Insurance Company Limited not to spend anything from its premium income, income from investment and life fund if it fails to settle claims of policyholders by this month
IDRA asks insurers to hire actuaries
The insurance regulator of Bangladesh has directed all life insurers to set up an actuarial department and appoint actuaries with a view to assessing and managing the risks of financial investments and insurance policies.
Bari new chair of IDRA
The government has appointed former secretary Mohammad Jainul Bari as the new chairman of the Insurance Development & Regulatory Authority (IDRA), said the finance ministry in circular today.
Observer appointed to Sonali Life Insurance
The finance ministry has appointed Md Shah Alam, additional secretary of the Financial Institutions Division (FID) as an observer to the troubled Sonali Life Insurance
No insurance assets will be usable for owners’ personal loans
Insurers shall not assist company directors, shareholders, their families or other related individuals in obtaining loans from financial institutions by using company assets as collateral, according to a draft amendment to Insurance Act 2010.
IDRA seeks govt support for insurance coverage expansion
IDRA has sought cooperation from ministries and public entities to expand insurance coverage for citizens and properties to reduce the risks of damage and losses.
IDRA instructs insurers not to take loans against paid-up capital
IDRA has instructed insurers to keep an equivalent amount of paid-up capital as deposits at banks under the company’s name without liability
IDRA removes two-thirds of Swadesh Insurance directors over fund scam
IDRA has relieved 12 of the 18 directors of Swadesh Islami Life Insurance Company over allegations of embezzling fixed deposit among others
Regulator bars four life insurers from spending until claims are cleared
The Insurance Development and Regulatory Authority (IDRA) has ordered four life insurance companies to not spend any amount from their income through premiums, investments and life funds unless they settle claims of policyholders by the end of December
IDRA steps in as Fareast Islami Life Insurance falls behind on payout
IDRA has ordered Fareast Islami Life Insurance Company Limited not to spend anything from its premium income, income from investment and life fund if it fails to settle claims of policyholders by this month
IDRA asks insurers to hire actuaries
The insurance regulator of Bangladesh has directed all life insurers to set up an actuarial department and appoint actuaries with a view to assessing and managing the risks of financial investments and insurance policies.
Bari new chair of IDRA
The government has appointed former secretary Mohammad Jainul Bari as the new chairman of the Insurance Development & Regulatory Authority (IDRA), said the finance ministry in circular today.
Poor salaries, skills gap plague insurance sector: analysts
Bangladesh's insurance sector has long been facing a skills gap at all levels because of a poor pay structure, uncomfortable work environment and a lack of relevant education and awareness, industry people said yesterday.