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Category: Economy

Taiwan Insurance Giants Merge to Form Powerhouse

Taiwan Insurance Giants Merge to Form Powerhouse

In a landmark consolidation within Taiwan’s insurance sector, Shin Kong Life Insurance and Taishin Life Insurance, both subsidiaries of TS Financial Holdings Co. (TS Holdings), have officially completed their merger. The integration marks one of the most significant structural shifts in the country’s life insurance market. Under the merger agreement, Taishin Life Insurance has been […]
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Allianz Introduces AI Agents for Claims

Allianz Introduces AI Agents for Claims

Global insurance giant Allianz SE has announced a strategic partnership with artificial intelligence firm Anthropic, marking a significant step in embedding “responsible AI” across its operations. The collaboration aims to enhance software development, streamline claims processing, and boost operational efficiency throughout Allianz’s worldwide network. The partnership will focus on three key initiatives designed to modernise […]
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Osman Ershad Assumes Dhaka Bank Managing Director

Osman Ershad Assumes Dhaka Bank Managing Director

Dhaka Bank PLC has formally appointed Osman Ershad Fayez as its new Managing Director, ushering in a significant leadership transition at one of Bangladesh’s leading private-sector banks. He officially assumed charge on Sunday, 11 January, with the bank describing the appointment as a strategic step aimed at strengthening corporate governance, expanding technology-driven banking services, and […]
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Central Bank to Oversee Bangladeshs New Microfinance Banks Central Bank to Oversee Bangladesh’s New Microfinance Banks

Central Bank to Oversee Bangladesh’s New Microfinance Banks

In a landmark shift for the nation’s financial architecture, the interim government has finalised the framework for establishing specialised Microfinance Banks. Deviating from earlier proposals to create a separate wing under the Microcredit Regulatory Authority (MRA), the responsibility for licensing and supervising these new entities has been formally entrusted to Bangladesh Bank. The move follows […]
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Bangladesh National Insurance Organises Business Development Conference in 2026 Bangladesh National Insurance: Organises Business Development Conference in 2026

Bangladesh National Insurance: Organises Business Development Conference in 2026

Bangladesh National Insurance Company Ltd (BNIC) convened its Annual Business Development Conference 2026 on Saturday, 11 January, at the Renaissance Dhaka Gulshan Hotel, marking a significant milestone in the company’s strategic planning for the new financial year. The conference drew senior executives, branch managers, and key staff members from across the organisation, highlighting BNIC’s commitment […]
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Optional Health Insurance Co-Payments Introduced In Indonesia

Optional Health Insurance Co-Payments Introduced In Indonesia

Indonesia’s Financial Services Authority (OJK) has formally issued POJK Number 36 of 2025, a landmark regulation that makes co-payments in health insurance policies optional for consumers. Under this new framework, the insured’s maximum financial liability per claim is limited to 5% of the total claim amount. The regulation, officially titled “Strengthening the Health Insurance Ecosystem”, […]
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