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Category: Economy

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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Sonali Bank Advances Towards Sustainable High Profitability

Sonali Bank Advances Towards Sustainable High Profitability

State-owned Sonali Bank has successfully overcome the financial shocks caused by high-profile loan defaults, including those linked to the Hall-Mark Group, and has strengthened its balance sheet. The bank is now firmly on a path toward substantial profitability, while simultaneously increasing the use of technology to enhance transparency and expand its reach to a wider […]
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Bangladesh Abolishes Non-Life Insurance Agent Commissions

Bangladesh Abolishes Non-Life Insurance Agent Commissions

Bangladesh’s insurance sector has witnessed a landmark regulatory shift as the Insurance Development and Regulatory Authority (IDRA) has scrapped all agent licences and banned commissions in the non-life insurance sector. Announced on 7 January 2026, this directive prohibits non-life insurers from deploying agents for premium collection, signalling one of the most substantial reforms in the […]
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SBAC Bank and Best Western Plus Bay Hills Sign Partnership

SBAC Bank and Best Western Plus Bay Hills Sign Partnership

SBAC Bank PLC has entered into a strategic partnership with Best Western Plus Bay Hills Hotel through the signing of a Memorandum of Understanding, aimed at expanding value-added services for the bank’s customers and employees. The agreement reflects a growing trend among financial institutions to integrate lifestyle benefits with conventional banking offerings in order to […]
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LinkedIn Reshaping the Landscape of Commercial Insurance LinkedIn Reshaping the Landscape of Commercial Insurance

LinkedIn Reshaping the Landscape of Commercial Insurance

The digital era has fundamentally recalibrated the mechanics of professional networking and client acquisition, with LinkedIn emerging as the primary catalyst for change. For generations, the insurance industry operated on a traditional foundation of physical proximity, word-of-mouth referrals, and the slow burn of face-to-face rapport. However, the contemporary marketplace has transitioned toward a more expansive, […]
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10 January Baton Rouge shootings raise concerns over public safety and insurance risk 10 January: Baton Rouge shootings raise concerns over public safety and insurance risk

10 January: Baton Rouge shootings raise concerns over public safety and insurance risk

Late on Friday night and into the early hours of Saturday, multiple shooting incidents occurred in Baton Rouge, Louisiana, resulting in at least three individuals sustaining injuries. Local authorities have confirmed that police investigations are ongoing. According to reports from regional media outlets, the shootings took place across three separate incidents, with victims subsequently hospitalised. […]
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Smart Sensors Reshaping Home Insurance Landscape

Smart Sensors Reshaping Home Insurance Landscape

For decades, homeowners’ insurance has primarily been reactive, only coming into effect after a loss occurs. Burst pipes, faulty washing machine hoses, or leaking water heaters would trigger a claim, leaving homeowners to deal with the often substantial damage first. Today, however, affordable smart sensors and connected home technologies are fundamentally transforming the industry. These […]
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Banking Sector Regains Stability, Economic Adviser Says

Banking Sector Regains Stability, Economic Adviser Says

Economic adviser Dr Salehuddin Ahmed has underlined that reducing interest rates is far from a straightforward task. According to Dr Ahmed, setting interest rates is a highly complex process, closely intertwined with other financial instruments such as treasury bills and savings certificates. Adjusting one element of the financial system can have far-reaching consequences for the […]
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German multinational insurer Allianz SE Exits Bajaj Insurance Partnerships German multinational insurer Allianz SE Exits Bajaj Insurance Partnerships

German multinational insurer Allianz SE Exits Bajaj Insurance Partnerships

German multinational insurer Allianz SE has formally completed a major restructuring of its operations in India by divesting the majority of its stake in two long-standing joint ventures with the Bajaj Group. The companies involved are Bajaj General Insurance Company and Bajaj Life Insurance Company. Allianz had maintained a minority shareholding in these ventures since […]
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