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Category: Business

Midland Bank Donates Ambulance

Ambulance Donated from Islami Banking Fund

Midland Bank PLC has significantly enhanced its Corporate Social Responsibility (CSR) commitment by donating an ambulance to Anjuman Mufidul Islam. This charitable institution is recognised as one of the principal providers of ambulance services in Dhaka, extending its vital services—to both patients and deceased persons—within the capital and its surrounding areas. The donation, confirmed in […]
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Black Sea Ship Insurance Surges

Insurance Costs Triple in Black Sea After Ukrainian Strikes

War risk insurance for vessels visiting ports in the Black Sea has surged nearly threefold following a series of attacks targeting Russia’s so-called shadow fleet. Analysts warn that maritime insurers are adjusting premiums rapidly as geopolitical tensions and operational hazards in the region intensify. According to Marsh, the world’s largest insurance broker, premiums for war […]
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Mohammad Ali Named IRBA Transformation Leader 2025

Mohammad Ali Receives IRBA Transformation Leader Award

Mohammad Ali, Managing Director of Pubali Bank Limited, has been officially recognised as the “IRBA Transformation Leader in Bangladesh 2025” by the prestigious Awards Committee of the Islamic Retail Banking Awards (IRBA). The accolade highlights Ali’s outstanding leadership and his pivotal role in advancing the country’s Islamic banking sector. According to a press statement from […]
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Ushering in the Age of Automation in Insurance

Agentic AI Enters Insurance: Automation and Efficiency Redefined

The insurance sector is witnessing a significant technological evolution as firms increasingly integrate artificial intelligence (AI) into their operations. Among the latest advancements is agentic AI, an autonomous form of AI capable of independent reasoning, strategic decision-making, and continuous learning from each task it undertakes. Unlike conventional AI, agentic AI employs a sophisticated “chain of […]
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Chinese Insurers Expand Digital Solutions for Customised Coverage

Innovation and Customisation Drive Growth in China’s Insurance Market

Chinese commercial insurers are maintaining a disciplined and selective approach to underwriting, with a clear focus on profitability amid evolving market conditions. According to Aon’s Q3 2025 report, the broader market continues to operate under generally moderate to soft pricing, offering favourable conditions for well-performing accounts. An exception to this trend is the Directors and […]
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Japan’s Commercial Insurance Market Remains in a Hardening Phase

Reassessment and New Limit Policies in Japan’s Commercial Insurance

Japan’s commercial insurance sector is experiencing a continued trend towards stricter underwriting, as major domestic property and casualty insurers adopt more cautious approaches to risk. According to Shinichi Kandatsu, Head of Commercial Risk Solutions at Aon Japan, underwriters are increasingly requesting detailed information at policy renewals to ensure profitability and strengthen risk assessment processes. Since […]
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PayPal to Launch in Bangladesh

PayPal Soon to Launch in Bangladesh to Link Small Entrepreneurs to Global Markets

Global digital payment service PayPal is planning to start operations in Bangladesh shortly, aiming to connect small entrepreneurs with international markets and facilitate easier sales of their products. Bangladesh Bank Governor Ahsan H Mansur confirmed this on Tuesday (2 December). Speaking at the Agro Award 2025 ceremony, the governor said, “Through PayPal, small entrepreneurs will […]
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