Category: Business

Strategic Restructuring Sweeps Asia’s Insurance Sector

Strategic Restructuring Sweeps Asia’s Insurance Sector

Between 12 and 16 January, Asia’s insurance industry witnessed a highly active and strategically significant week, marked by digital product innovations, portfolio realignments, embedded insurance partnerships, and leadership transitions. Industry analysts suggest that these developments reflect insurers’ efforts to adapt to growing digital demand, evolving regulatory environments, and long-term capital management imperatives. In India, online […]
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IRDA Invites Applications for Chartered Secretary Listing

IRDA Invites Applications for Chartered Secretary Listing

The Insurance Development and Regulatory Authority (IRDA) has officially invited applications from qualified individuals and institutions for listing as Chartered Secretaries within the insurance sector. Interested candidates and firms are required to submit their complete application forms along with all necessary supporting documents to the relevant office by 5:00 pm on 25 January. The application […]
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Asia Bears Brunt of 2025 Disaster Losses

Asia Bears Brunt of 2025 Disaster Losses

In 2025, natural disasters inflicted profound economic shocks across the globe, with Asia emerging as the hardest-hit region. According to estimates from the international reinsurance industry, total economic losses worldwide from natural hazards reached approximately USD 224 billion, of which the Asia–Pacific region accounted for nearly USD 73 billion—almost one-third of global losses. This figure […]
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Individual Depositors Secured Amid NBFI Liquidation Individual Depositors Secured Amid NBFI Liquidation

Individual Depositors Secured Amid NBFI Liquidation

In a significant move to safeguard small investors, the government has announced that individual depositors of nine financially distressed non-bank financial institutions (NBFIs) will receive the full return of their principal amounts, though no interest will be paid. The initiative is backed by a government support package of BDT 5,000 crore, designed to facilitate the […]
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Taiwan Insurance Giants Merge to Form Powerhouse

Taiwan Insurance Giants Merge to Form Powerhouse

In a landmark consolidation within Taiwan’s insurance sector, Shin Kong Life Insurance and Taishin Life Insurance, both subsidiaries of TS Financial Holdings Co. (TS Holdings), have officially completed their merger. The integration marks one of the most significant structural shifts in the country’s life insurance market. Under the merger agreement, Taishin Life Insurance has been […]
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Allianz Introduces AI Agents for Claims

Allianz Introduces AI Agents for Claims

Global insurance giant Allianz SE has announced a strategic partnership with artificial intelligence firm Anthropic, marking a significant step in embedding “responsible AI” across its operations. The collaboration aims to enhance software development, streamline claims processing, and boost operational efficiency throughout Allianz’s worldwide network. The partnership will focus on three key initiatives designed to modernise […]
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Osman Ershad Assumes Dhaka Bank Managing Director

Osman Ershad Assumes Dhaka Bank Managing Director

Dhaka Bank PLC has formally appointed Osman Ershad Fayez as its new Managing Director, ushering in a significant leadership transition at one of Bangladesh’s leading private-sector banks. He officially assumed charge on Sunday, 11 January, with the bank describing the appointment as a strategic step aimed at strengthening corporate governance, expanding technology-driven banking services, and […]
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New Chief Appointed for Financial Intelligence Unit New Chief Appointed for Financial Intelligence Unit

New Chief Appointed for Financial Intelligence Unit

The Government of Bangladesh has officially appointed Ikhtiar Uddin Mohammad Mamun as the new chief of the Bangladesh Financial Intelligence Unit (BFIU). A seasoned bureaucrat, Mr Mamun transitions to this pivotal role from the National Board of Revenue (NBR), where he previously served with distinction as a Tax Commissioner. Formal Gazette and Rank Status The […]
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India Eyes Universal Coverage Through Landmark Budget Reform India Eyes Universal Coverage Through Landmark Budget Reform

India Eyes Universal Coverage Through Landmark Budget Reform

As the Indian government prepares to table the Union Budget 2026 this February, policy architects are reportedly crafting a transformative “insurance push” aimed at achieving universal coverage by 2047. The proposed strategy represents a paradigm shift, moving insurance from a niche urban financial product to a foundational pillar of rural social security. Central to this […]
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