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Legacy Systems Impede Returns on Insurance AI Spending

Legacy Systems Impede Returns on Insurance AI Spending

Insurance providers globally are escalating their capital expenditure on artificial intelligence (AI) to optimise underwriting and mitigate claims expenditures. However, a significant proportion of these firms continue to experience difficulties in securing clear financial returns. According to data from sector analysts, this deficit in profitability is directly attributable to outdated legacy systems and poorly integrated […]
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Premier Bank Clarifies Position on Narayanganj Branch LCs

Premier Bank Clarifies Position on Narayanganj Branch LCs

Premier Bank PLC has issued a formal clarification regarding recent media coverage concerning Letter of Credit (LC) transactions at its Narayanganj branch. The financial institution stated that the allegations in question are isolated to historical transactions executed between 2017 and 2023, a period administered by the bank’s previous chairman and Board of Directors. Regulatory Cooperation […]
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New Partnership Links Al-Arafah Islami Bank and DCIMCH

New Partnership Links Al-Arafah Islami Bank and DCIMCH

Al-Arafah Islami Bank PLC, a prominent Shariah-compliant financial institution in Bangladesh, has entered into a formal partnership with Dhaka Central International Medical College and Hospital (DCIMCH). The arrangement was ratified via a newly executed Memorandum of Understanding (MoU), according to an official press release issued by the bank. Overview of Benefits and Services The primary […]
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UN Women Enquire About Female Parliamentary Representation in Bangladesh

UN Women Enquire About Female Parliamentary Representation in Bangladesh

A high-level delegation from UN Women has requested clarification regarding the limited representation of women in the 13th National Parliamentary Election. In response, the Election Commission (EC) of Bangladesh explained that whilst numerous female candidates contested the polls, representation is ultimately determined by the competitive outcomes of the democratic process, requiring candidates to win popular […]
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Group Insurance Accord Signed by Corporate Partners

Group Insurance Accord Signed by Corporate Partners

American Dairy Limited (ADL) and Protective Islami Life Insurance Limited have formally ratified a strategic group insurance agreement designed to enhance medical provisions and risk coverage for their consumer base. The corporate partnership was legally finalized during an official signing ceremony conducted recently, where senior executives from both commercial firms converged to endorse the contract. […]
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