Bangladesh to End Mandatory SBC Reinsurance
Bangladesh has agreed to abolish the long-standing requirement that non-life insurance companies reinsure at least 50 per cent of their business with the state-owned Sadharan Bima Corporation (SBC). The decision forms part of the newly concluded US–Bangladesh agreement on reciprocal trade and marks a significant policy shift in the country’s insurance sector. Reinsurance is often […]
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