Category: Business

Asia-Pacific Crop Insurance Market Surges Rapidly

Asia-Pacific Crop Insurance Market Surges Rapidly

The Asia-Pacific (APAC) crop insurance market is poised for remarkable expansion over the next decade, emerging as a major force in the global agricultural insurance sector. According to recent research by Technavio, the APAC crop insurance market is projected to grow at a compound annual growth rate (CAGR) of 34% by 2029, significantly outpacing the […]
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Bangladesh Bank Plans Merging of State Banks

Bangladesh Bank Plans Merging of State Banks

Bangladesh Bank has unveiled an ambitious plan to consolidate the country’s nine state-owned banks into just two large institutions, marking one of the most far-reaching reforms of the public banking sector in decades. The proposal was announced by central bank Governor Ahsan H. Mansur during a discussion held on Tuesday at Jagannath University in Dhaka, […]
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Bangladesh Bank Launches Tk 40,000 Crore Bank Fund

Bangladesh Bank Launches Tk 40,000 Crore Bank Fund

Bangladesh Bank is set to establish a Bank Restructuring and Resolution Fund (BRRF) aimed at strengthening financial stability and facilitating the restructuring of failing banks. The fund seeks to raise up to Tk 40,000 crore, reducing reliance on government taxpayer support and enabling banks to recover independently. The concept of this fund is inspired by […]
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Severe Storms Now Top Global Insurance Losses

Severe Storms Now Top Global Insurance Losses

Severe convective storms (SCS), including intense thunderstorms and related weather events, have overtaken cyclones as the leading cause of insured losses globally in 2025, according to Aon’s 2026 Climate and Catastrophe Insight report. The report highlights that medium-intensity, high-frequency natural disasters are increasingly accounting for a substantial portion of insurance claims, posing structural challenges for […]
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Low-Interest Loans for Primary Teachers

Low-Interest Loans for Primary Teachers

Government primary school teachers in Bangladesh operate within tight financial constraints while shouldering significant family responsibilities, social obligations, and long-term security concerns. Most are posted within their own localities, which deepens their engagement with family life, community participation, and the local economy. Alongside their teaching duties, many teachers seek supplementary income through small-scale, productive activities […]
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ইসলামী বীমা শাখা ব্যবস্থাপনায় নতুন দিকনির্দেশনা Islami Insurance Strengthens Branch Management Strategy

Islami Insurance Strengthens Branch Management Strategy

Ghazipur’s Nird Resort and Restaurant recently hosted the 2026 Branch Managers’ Conference of Islami Commercial Insurance PLC, marking a significant milestone in the company’s operational and strategic calendar. The event, chaired by Chief Executive Officer Kazi Mokarram Dastgir, brought together branch managers from across the country along with senior executives of the company, fostering an […]
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IDRA Sets Standard for Full Vehicle Insurance

IDRA Sets Standard for Full Vehicle Insurance

The Insurance Development and Regulatory Authority of Bangladesh (IDRA) has issued a comprehensive directive establishing standardised guidelines for determining the Full Insured Value (FIV) of motor vehicles. The move is intended to enhance transparency, reliability, and efficiency in insurance premium calculations and claim settlements for both insurers and policyholders. Under the new directive, the FIV […]
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Sayed Abul Hashem Joins Al Arafah Bank Leadership Sayed Abul Hashem Joins Al-Arafah Bank Leadership

Sayed Abul Hashem Joins Al-Arafah Bank Leadership

Al-Arafah Islami Bank PLC has appointed seasoned banking professional Sayed Abul Hashem as its new Deputy Managing Director (DMD) and Chief Financial Officer (CFO), marking a significant addition to the bank’s senior leadership team. With more than two and a half decades of experience in the country’s banking and financial services sector, Hashem’s appointment is […]
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Private Banks Brace for Leadership Transition

Private Banks Brace for Leadership Transition

Bangladesh’s private banking sector is on the cusp of a significant leadership reshuffle, with a wave of changes at the managing director (MD) level expected to take effect from next month. Driven primarily by statutory retirement upon reaching the maximum age limit, the expiry of fixed-term contracts, and, in a few instances, voluntary resignations, the […]
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