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Generative AI to Unlock Billions in Insurance Revenue 1 Generative AI to Unlock Billions in Insurance Revenue

Generative AI to Unlock Billions in Insurance Revenue

Sharif Al Nahian | Sub-Editor | GLive24.comFebruary 20, 2026
A landmark report by McKinsey & Company, released in February 2026, suggests that the integration of Generative Artificial Intelligence (GenAI) is poised to revolutionise the global insurance landscape. The consultancy estimates that the technology could unlock an additional $50 billion to $70 billion in industry revenue, driven primarily by gains in marketing, customer operations, and […]
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Risk Based Premiums to Boost Bank Profits Risk-Based Premiums to Boost Bank Profits

Risk-Based Premiums to Boost Bank Profits

Shourav Biswas | Sub-Editor | GLive24.comFebruary 19, 2026
The Reserve Bank of India (RBI) has unveiled a significant reform in deposit insurance pricing, introducing a Risk-Based Premium (RBP) framework that is expected to enhance profitability for stronger banks while promoting more disciplined risk management across the banking sector. According to a recent report by ICRA, the move represents a structural shift from uniform […]
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Sub-Branches Drive Significant Loan, Deposit Growth

Sub-Branches Drive Significant Loan, Deposit Growth

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 19, 2026
Recent statistics from Bangladesh Bank indicate that during the July–September 2025 quarter, loans and advances disbursed through bank sub-branches rose notably, surpassing the average growth rate of the overall banking sector. This reflects the increasing importance of sub-branches in expanding financial outreach. According to the central bank’s data, total loans distributed via sub-branches increased from […]
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Bangladesh Bank Maintains Dollar Market Stability

Bangladesh Bank Maintains Dollar Market Stability

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 19, 2026
Bangladesh Bank (BB) on Wednesday purchased an additional $109 million in the interbank spot market in collaboration with eight commercial banks, in a strategic effort to stabilise the exchange rate of the US dollar against the Bangladeshi taka. Sources from the commercial banking sector confirmed that the transaction was executed through a Multiple Price Auction […]
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MSIG Asia Accelerates Digital Transformation with Peak3

MSIG Asia Accelerates Digital Transformation with Peak3

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 19, 2026
MSIG Asia, a leading private insurance company in Asia, has announced a strategic partnership with technology firm Peak3 to advance the management of its digital insurance platform. This collaboration aims to accelerate the company’s digital strategy while strengthening its presence across multiple Asian markets. In a statement released from Singapore on 12 March 2026, MSIG […]
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Sandhani Life’s 2026 Business Development Summit

Sandhani Life’s 2026 Business Development Summit

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 19, 2026
The Thakurgaon branch of Sandhani Life Insurance Company Limited recently hosted a significant business development meeting and awards ceremony for the year 2026. The event saw active participation from senior officials and staff across various regional branches, highlighting the company’s commitment to strategic growth and employee engagement. The meeting was convened at the branch office […]
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New Citizens Bank Branch in Lohagara

New Citizens Bank Branch in Lohagara

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 19, 2026
Citizens Bank PLC has formally inaugurated a new branch in Lohagara, Chattogram, marking a further step in its strategy to deepen financial inclusion and extend structured banking services to semi-urban and peripheral regions of Bangladesh. The expansion reflects the bank’s broader commitment to supporting grassroots economic activity and strengthening access to formal finance beyond major […]
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