Category: Business

IMAC Unveils 2026 Executive Committee and Talent Initiative

IMAC Unveils 2026 Executive Committee and Talent Initiative

The Insurance Managers Association of Cayman (IMAC), the leading professional body representing insurance managers, captive insurance companies, and related service providers in the Cayman Islands, has announced its 2026 Executive Committee at the Annual General Meeting (AGM) held on 11 December 2025. IMAC continues to play a pivotal role in maintaining effective engagement with local […]
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Sonali Life Insurance Holds Twelfth AGM

Sonali Life Insurance Holds Twelfth AGM

Sonali Life Insurance Company Limited has successfully convened its Twelfth Annual General Meeting (AGM), reaffirming its commitment to sound governance, financial discipline and shareholder value. The meeting was held on Wednesday, 24 December 2025, at 10:00 a.m. in the conference hall of the company’s head office in Malibagh, Dhaka. The session was presided over by […]
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BRAC Bank Concludes Month-Long CMSME Training in Sirajganj

BRAC Bank Concludes Month-Long CMSME Training in Sirajganj

BRAC Bank, in collaboration with the Ministry of Finance and Bangladesh Bank, has successfully concluded a month-long intensive training programme designed for aspiring entrepreneurs in the country’s Cottage, Micro, Small, and Medium Enterprise (CMSME) sector. The initiative aimed to equip young and dynamic business owners with the practical skills and knowledge necessary to strengthen their […]
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IFIC Bank Spearheads Jessore’s Digital Payment Revolution

IFIC Bank Spearheads Jessore’s Digital Payment Revolution

Under the strategic guidance of Bangladesh Bank, a transformative day-long campaign was successfully executed in Jessore to accelerate the “Cashless Bangladesh” initiative. Serving as the designated “Lead Bank” for the district, IFIC Bank PLC coordinated a series of high-impact events aimed at dismantling the traditional reliance on physical currency. The summit, held on Tuesday, 23rd […]
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Forex Reserves Breaching $28 Billion as Inflows Surge

Forex Reserves Breaching $28 Billion as Inflows Surge

The external financial position of Bangladesh has received a substantial boost, with gross foreign exchange reserves successfully breaching the $28 billion mark. According to Arif Hossain Khan, the Executive Director and spokesperson for the central bank, gross reserves reached $28.04 billion on 22 December 2024. This development marks a significant shift in the country’s economic […]
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General Insurance Reform The End of the Agency Era

General Insurance Reform: The End of the Agency Era

The foundational structure of Bangladesh’s general insurance sector is set for a radical realignment following a definitive intervention by the Insurance Development and Regulatory Authority (IDRA). For years, the “agent commission” has been a polarising element of the industry—viewed by some as the essential engine of business growth and by others as a primary catalyst […]
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Fluctuating Premiums and Rising Assets in Insurance Sector

Fluctuating Premiums and Rising Assets in Insurance Sector

The Bangladesh Insurance Association (BIA) has unveiled its comprehensive annual report for 2024, providing a detailed audit of the nation’s private insurance landscape. Presented during the association’s Annual General Meeting, the findings illustrate a sector defined by a notable dichotomy: while total assets and life funds continue to show robust expansion, premium income and investment […]
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Bangladesh Insurance Market, Sector, and Industry Overview

Bangladesh Insurance Market, Sector, and Industry Overview

Bangladesh’s economy is expanding rapidly, with the insurance sector emerging as an increasingly vital component of this growth. However, there remains considerable confusion among citizens, investors, and policyholders regarding the distinctions between the “insurance market,” “insurance sector,” and “insurance industry.” Understanding these differences is essential for making informed investment decisions, managing risks, and shaping policy […]
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National Life Disburses Tk37.5 Crore Insurance Claims

National Life Disburses Tk37.5 Crore Insurance Claims

National Life Insurance has successfully disbursed insurance claims amounting to Tk37.5 crore to its customers in the Greater Dhaka area. The cheque distribution ceremony took place on Saturday, 20 December, at the company’s annual ‘Year-End Planning’ meeting held at Fantasy Kingdom, Ashulia. The event was attended by key customers as well as the company’s development […]
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Midland Bank Forms Strategic Partnership with Marco Polo

Midland Bank Forms Strategic Partnership with Marco Polo

Midland Bank PLC formalised a strategic partnership with Marco Polo Dhaka Hotel through the signing of a Memorandum of Understanding (MoU). The signing ceremony took place at Midland Bank’s headquarters in Gulshan-2, Dhaka, with senior representatives from both organisations in attendance. Representing Midland Bank, Chief Technology Officer (CTO) Md. Nozmul Huda Sarkar signed the agreement, […]
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