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Category: Economy

BIA Enforces Zero Commission Policy in Non Life Insurance BIA Enforces Zero Commission Policy in Non-Life Insurance

BIA Enforces Zero Commission Policy in Non-Life Insurance

Sharif Al Nahian | Sub-Editor | GLive24.comFebruary 25, 2026
In a decisive move to restore financial discipline within the national insurance sector, the Bangladesh Insurance Association (BIA) has issued a formal directive mandating that all non-life insurance companies secure written undertakings from their respective branch managers. This initiative is designed to rigorously enforce the “Zero Commission Policy”, a regulatory framework established by the Insurance […]
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Major MiLogin Outage Disrupts Michigan Unemployment Services Major MiLogin Outage Disrupts Michigan Unemployment Services

Major MiLogin Outage Disrupts Michigan Unemployment Services

News Desk, GLive24.comFebruary 24, 2026
Michigan, USA — A significant technical disruption has hit Michigan’s unemployment benefits system today, preventing residents and employers from accessing key online services. The state’s universal secure login portal, MiLogin, is experiencing intermittent outages, leaving users unable to access unemployment assistance platforms. The outage has directly affected the Michigan Unemployment Insurance Agency (UIA)’s two primary […]
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Bangladesh Bank Launches New Loan Recovery Measures Bangladesh Bank Launches New Loan Recovery Measures

Bangladesh Bank Launches New Loan Recovery Measures

News Desk, GLive24.comFebruary 24, 2026
In a bid to revive businesses struggling under mounting debt, Bangladesh Bank has introduced a fresh policy framework aimed at providing targeted financial relief to borrowers. The central bank, in a circular issued last Sunday, announced that following requests from various banks and stakeholders, measures including relaxed down payment requirements and extended implementation timelines would […]
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Nagad Urged to Secure Major Investments for Sustainability Nagad Urged to Secure Major Investments for Sustainability

Nagad Urged to Secure Major Investments for Sustainability

News Desk, GLive24.comFebruary 24, 2026
Bangladesh Bank has indicated that the country’s leading mobile financial service (MFS) provider, Nagad, has significantly mitigated its operational and financial risks. However, the central bank emphasised that substantial investment is essential for the service to maintain long-term viability. According to officials, both domestic and foreign investment inflows would have a positive impact on the […]
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Tokyo Marine Singapore Strengthens Asia Strategy

Tokyo Marine Singapore Strengthens Asia Strategy

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 24, 2026
S&P Global Ratings has reaffirmed the strong market position and financial stability of Tokyo Marine Insurance Singapore Limited (TMIS), highlighting the company’s disciplined underwriting practices and prudent capital management as a robust foundation for long-term growth. In its latest review, S&P praised TMIS for maintaining strict underwriting standards and a structured approach to capital allocation, […]
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Hong Kong Encourages Insurance Innovation in Low-Altitude Economy

Hong Kong Encourages Insurance Innovation in Low-Altitude Economy

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 24, 2026
The Hong Kong Insurance Authority (HKIA) is actively promoting the insurance sector’s engagement in the city’s rapidly emerging low-altitude economy. The accelerated proliferation of drones and other small unmanned aerial vehicles (UAVs) has introduced new operational risks, creating a pressing demand for specialised insurance solutions. In response, the HKIA is collaborating closely with insurers to […]
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Bank Asia Adopts Strategic Loan Recovery Model

Bank Asia Adopts Strategic Loan Recovery Model

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 24, 2026
Following recent political shifts in Bangladesh, the nation’s economic environment experienced volatility, leading to slower loan recovery across the banking sector. Particularly after the fall of the Awami League government, private banks encountered significant challenges in recovering loans. During this period, many large and influential borrowers deferred repayments, sought long-term rescheduling, or made only minimal […]
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BNP to Uphold Banking Sector Reforms Confirms Minister BNP to Uphold Banking Sector Reforms, Confirms Minister

BNP to Uphold Banking Sector Reforms, Confirms Minister

Sharif Al Nahian | Sub-Editor | GLive24.comFebruary 24, 2026
In a pivotal meeting held at the Secretariat on Monday afternoon, the Minister of Finance and Planning, Amir Khosru Mahmud Chowdhury, provided a firm assurance to the Governor of Bangladesh Bank, Dr. Ahsan H. Mansur, that the BNP-led government remains steadfastly committed to the ongoing restructuring of the nation’s financial landscape. The high-level dialogue focused […]
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Retention in Health Insurance Utility Versus Trust Retention in Health Insurance: Utility Versus Trust

Retention in Health Insurance: Utility Versus Trust

Sharif Al Nahian | Sub-Editor | GLive24.comFebruary 24, 2026
The global health insurance sector is navigating a period of profound transformation. Driven by rapid technological advancement, increased data transparency, and heightened consumer awareness, the marketplace has undergone a fundamental shift in character. Where the industry was once defined by aggressive policy sales, it is now preoccupied with the far more complex challenge of long-term […]
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