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Category: Economy

Takaful Islami Insurance Chairman Accused Of Unauthorised Litigation 2 Takaful Islami Insurance Chairman Accused Of Unauthorised Litigation

Takaful Islami Insurance Chairman Accused Of Unauthorised Litigation

GLive24.com DeskMay 9, 2026
The governance of Takaful Islami Insurance Limited has come under intense scrutiny following allegations that its Chairman, Tahmina Afroz, initiated legal proceedings against the industry regulator without the requisite approval of the Board of Directors. The controversy, which centres on a disputed directorial election, has raised significant concerns regarding corporate transparency and the adherence to […]
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Uncertainty Prevails As Insurance Licence Renewals Face Delays 2 Uncertainty Prevails As Insurance Licence Renewals Face Delays

Uncertainty Prevails As Insurance Licence Renewals Face Delays

GLive24.com DeskMay 9, 2026
The Bangladeshi insurance sector is currently grappling with significant administrative instability and operational uncertainty. Despite the timely submission of registration renewal fees by a majority of insurance firms, the Insurance Development and Regulatory Authority (IDRA) has yet to issue or renew licences for the 2025 calendar year. This delay has triggered a wave of concern […]
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Health Insurance Expands Industry Dominance 2 Health Insurance Expands Industry Dominance

Health Insurance Expands Industry Dominance

GLive24.com DeskMay 9, 2026
Health insurance further consolidated its position within India’s non-life insurance sector in the financial year 2025–26, with its market share rising to 40.8%, up from 38.6% in the preceding year. This expansion reflects sustained demand and stronger premium growth relative to other segments of the industry. During FY26, premium collections in the health segment increased […]
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Malaysia Insurers Post Profit Rise 1 Malaysia Insurers Post Profit Rise

Malaysia Insurers Post Profit Rise

GLive24.com DeskMay 9, 2026
Malaysia’s general insurance industry recorded a higher underwriting profit in 2025, supported by premium growth and improved performance in non-motor business lines, according to data released by the General Insurance Association of Malaysia (PIAM). The sector achieved an underwriting profit of RM1.2 billion in 2025, representing an increase of 12.1% compared with RM1.04 billion in […]
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Bank of America Appoints Hardegree 1 Bank of America Appoints Hardegree

Bank of America Appoints Hardegree

GLive24.com DeskMay 9, 2026
Bank of America (BofA) has appointed UBS investment banker Richard Hardegree as vice chair of its mergers and acquisitions (M&A) division, according to an internal memo cited by Reuters. Hardegree is a long-serving technology-focused dealmaker with more than 30 years of experience in investment banking, particularly within the semiconductor and wider technology sectors. At the […]
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Delta Life Settles BDT 2.49 Billion in Claims

Delta Life Settles BDT 2.49 Billion in Claims

Jim Rahman Sub-Editor (News Desk) | glive24.comMay 9, 2026
Delta Life Insurance Company Limited has once again demonstrated its unwavering commitment to its clientele by settling insurance claims exceeding BDT 2.49 billion during the first quarter of 2026. Spanning the period from January to March, this significant disbursement provided financial security to 39,443 policyholders, reinforcing the firm’s reputation as a bastion of reliability within […]
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Smart Air and Protective Islami Life Ink Deal

Smart Air and Protective Islami Life Ink Deal

Jim Rahman Sub-Editor (News Desk) | glive24.comMay 9, 2026
In a strategic move to bolster employee welfare and financial security, Smart Air Bangladesh has formalised a comprehensive group insurance agreement with Protective Islami Life Insurance Limited. This partnership is designed to provide a robust safety net for the aviation firm’s workforce, ensuring that all officers and staff are covered under a bespoke suite of […]
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Lifeline for Industry 2% Down Payment to Regularise Debt

Lifeline for Industry: 2% Down Payment to Regularise Debt

Jim Rahman Sub-Editor (News Desk) | glive24.comMay 9, 2026
In a decisive move to stabilise the national economy and provide a “clean slate” for struggling enterprises, the Bangladesh Bank has unveiled a generous loan regularisation policy. Under this new directive, businesses affected by the recent socio-political transition may regularise their non-performing loans (NPLs) by providing a down payment of just 2%. This initiative aims […]
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New Regulatory Framework for Remittances and Training

New Regulatory Framework for Remittances and Training

Jim Rahman Sub-Editor (News Desk) | glive24.comMay 9, 2026
In a comprehensive effort to modernise the nation’s financial architecture, the Bangladesh Bank (BB) has issued two landmark directives. These measures aim to harmonise the outward remittance process for the transport sector and establish a rigorous, mandatory training standard for the next generation of banking professionals. By consolidating decades of fragmented instructions, the central bank […]
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Global Insurers Struggle as Only Seven Per Cent Excel 2 Global Insurers Struggle as Only Seven Per Cent Excel

Global Insurers Struggle as Only Seven Per Cent Excel

GLive24.com DeskMay 8, 2026
A comprehensive analysis of the global insurance industry has revealed a significant disparity in digital proficiency, with only 7% of the world’s largest carriers attaining the status of “Digital Competitors”. Despite substantial and widespread investment in technological transformation throughout the sector, the vast majority of firms have yet to translate these expenditures into market-leading operational […]
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