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Category: Economy

Uninsured Climate Risks Threaten Asia-Pacific Economies

Uninsured Climate Risks Threaten Asia-Pacific Economies

Disproportionate Protection Gaps in Developing Countries The escalating volume of natural catastrophes worldwide is generating significant financial damage, yet a critical shortfall in insurance coverage leaves much of the world unprotected. According to data published by the Swiss Re Institute, approximately 88 per cent of all economic losses resulting from natural disasters in the Asia-Pacific […]
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Five Insolvent Financial Institutions Face Compulsory Liquidation

Five Insolvent Financial Institutions Face Compulsory Liquidation

Bangladesh Bank has resolved to initiate compulsory liquidation procedures against five deeply troubled non-banking financial institutions (NBFIs). This definitive regulatory action was approved on Tuesday during a board of directors meeting held at the central bank’s headquarters, under the chairmanship of Governor Mostakur Rahman. As an immediate first step, the central bank will dissolve the […]
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Cash Holdings Rise Outside Bangladesh Banking System 1 Cash Holdings Rise Outside Bangladesh Banking System

Cash Holdings Rise Outside Bangladesh Banking System

The volume of cash currency held by the public outside the formal banking network in Bangladesh has registered a fresh increase, raising operational concerns within the financial sector. Financial analysts and policymakers view this ongoing development as a problematic signal for the broader macroeconomic framework. According to sector evaluations, the primary driver behind this accelerating […]
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Insurtech Igloo Deploys AI Sales Assistant Indonesia 1 Insurtech Igloo Deploys AI Sales Assistant Indonesia

Insurtech Igloo Deploys AI Sales Assistant Indonesia

The Singapore-based insurance technology company, Igloo, has officially launched an artificial intelligence-powered travel insurance sales assistant in Indonesia. The new digital tool is designed to manage the entire purchasing journey, covering everything from the initial product discovery stage to the final issuance of the policy, within a single conversational interface. The virtual assistant, named Igi, […]
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Remittance Driven Currency Rate Update Remittance-Driven Currency Rate Update

Remittance-Driven Currency Rate Update

More than ten million Bangladeshi expatriates working across the globe continue to play a pivotal role in sustaining the country’s foreign exchange inflows. Their regular remittances are widely regarded as one of the most significant sources of foreign currency for Bangladesh, helping to stabilise reserves and support external trade obligations. Alongside remittance inflows, daily fluctuations […]
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Digital Transformation Drives Corporate Cyber Insurance Adoption

Digital Transformation Drives Corporate Cyber Insurance Adoption

The structural architecture of Bangladesh’s primary economic sectors—spanning banking conglomerates, mobile financial services, and digital marketplaces—is now deeply integrated with online technology. The systemic proliferation of mobile payments, remote banking portals, and cloud infrastructure has drastically enhanced consumer access across the country. Yet, this rapid technological transition has opened a wider vector for complex cyber […]
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CHT Insurance Expansion Hampered by Language Barrier

CHT Insurance Expansion Hampered by Language Barrier

The penetration rate of the insurance sector across Bangladesh remains notably low, fluctuating between just 0.33% and 0.5% of Gross Domestic Product (GDP). This baseline sits substantially beneath the global average. However, the deficit is at its most acute within the Chittagong Hill Tracts (CHT)—specifically across the districts of Rangamati, Khagrachhari, and Bandarban—where insurance services […]
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