The rate of claim settlements in Bangladesh’s insurance sector declined last year, deepening concerns over transparency and ...

Insurance companies in the non-life sector are failing to settle around 68% of the claims, resulting in outstanding claims amounting to approximately Tk2,635 crore by the end of 2024. As a result, ...

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 ...

Data from the Idra showed that six life insurers are required to settle more than 9 lakh policyholders' claims worth Tk 2,887 crore. The unsettled claims accumulated in five years until the third ...