The Insurance Development and Regulatory Authority (IDRA) has asked six life insurance companies to submit a clear plan for settling pending claims, as they have failed to pay their policyholders or ...

Before joining Shanta Life Insurance, he was the chief corporate business officer of MetLife Bangladesh and worked closely with the IDRA. Nafis A Ahmed added: “Currently, insurance penetration ...

Bangladesh Bank has the authority to restructure the boards of private commercial banks, but Idra lacks similar legal powers in the case of insurance companies. While Bangladesh Bank can track and ...

an IDRA official told The Daily Star on condition of anonymity. Bangladesh has 82 insurance companies—36 in the life insurance sector and 46 in the non-life sector.

Facing a severe liquidity crisis, Padma Islami Life Insurance – a concern of S Alam Group – has resorted to selling its fixed assets to settle a massive backlog of unpaid claims – a move aimed at ...