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Sonali Bank Advances Towards Sustainable High Profitability

Sonali Bank Advances Towards Sustainable High Profitability

State-owned Sonali Bank has successfully overcome the financial shocks caused by high-profile loan defaults, including those linked to the Hall-Mark Group, and has strengthened its balance sheet. The bank is now firmly on a path toward substantial profitability, while simultaneously increasing the use of technology to enhance transparency and expand its reach to a wider […]
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Bangladesh Abolishes Non-Life Insurance Agent Commissions

Bangladesh Abolishes Non-Life Insurance Agent Commissions

Bangladesh’s insurance sector has witnessed a landmark regulatory shift as the Insurance Development and Regulatory Authority (IDRA) has scrapped all agent licences and banned commissions in the non-life insurance sector. Announced on 7 January 2026, this directive prohibits non-life insurers from deploying agents for premium collection, signalling one of the most substantial reforms in the […]
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SBAC Bank and Best Western Plus Bay Hills Sign Partnership

SBAC Bank and Best Western Plus Bay Hills Sign Partnership

SBAC Bank PLC has entered into a strategic partnership with Best Western Plus Bay Hills Hotel through the signing of a Memorandum of Understanding, aimed at expanding value-added services for the bank’s customers and employees. The agreement reflects a growing trend among financial institutions to integrate lifestyle benefits with conventional banking offerings in order to […]
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LinkedIn Reshaping the Landscape of Commercial Insurance LinkedIn Reshaping the Landscape of Commercial Insurance

LinkedIn Reshaping the Landscape of Commercial Insurance

The digital era has fundamentally recalibrated the mechanics of professional networking and client acquisition, with LinkedIn emerging as the primary catalyst for change. For generations, the insurance industry operated on a traditional foundation of physical proximity, word-of-mouth referrals, and the slow burn of face-to-face rapport. However, the contemporary marketplace has transitioned toward a more expansive, […]
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Smart Sensors Reshaping Home Insurance Landscape

Smart Sensors Reshaping Home Insurance Landscape

For decades, homeowners’ insurance has primarily been reactive, only coming into effect after a loss occurs. Burst pipes, faulty washing machine hoses, or leaking water heaters would trigger a claim, leaving homeowners to deal with the often substantial damage first. Today, however, affordable smart sensors and connected home technologies are fundamentally transforming the industry. These […]
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German multinational insurer Allianz SE Exits Bajaj Insurance Partnerships German multinational insurer Allianz SE Exits Bajaj Insurance Partnerships

German multinational insurer Allianz SE Exits Bajaj Insurance Partnerships

German multinational insurer Allianz SE has formally completed a major restructuring of its operations in India by divesting the majority of its stake in two long-standing joint ventures with the Bajaj Group. The companies involved are Bajaj General Insurance Company and Bajaj Life Insurance Company. Allianz had maintained a minority shareholding in these ventures since […]
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Asia Insurance Market Expands with New Products

Asia Insurance Market Expands with New Products

The first week of 2026 has witnessed a notable surge in activity across Asia’s insurance sector, with multiple companies launching innovative products and expanding bancassurance partnerships to meet evolving customer needs. Between 5–9 January, insurers across India, Hong Kong, and Singapore unveiled a range of life, savings, and income-focused offerings, while strengthening strategic collaborations to […]
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Foreign Reserves Dip Below 28bn After ACU Settlement Foreign Reserves Dip Below $28bn After ACU Settlement

Foreign Reserves Dip Below $28bn After ACU Settlement

Bangladesh’s gross foreign exchange reserves have retreated below the $28 billion mark following a significant settlement of regional import bills. This contraction comes despite a period of aggressive dollar accumulation by the central bank, underscoring the ongoing pressure of external payment obligations on the nation’s sovereign liquidity. The Impact of ACU Settlements On Thursday, 8 […]
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