Category: Economy

Covea Partners with Shift to Combat Insurance Fraud Covéa Partners with Shift to Combat Insurance Fraud

Covéa Partners with Shift to Combat Insurance Fraud

Covéa Insurance, a leading player in the UK general insurance market, has announced a significant transformation of its fraud and risk management infrastructure. In a move designed to replace legacy, fragmented detection tools with a sophisticated, unified ecosystem, the insurer has entered into a long-term strategic partnership with Shift Technology. This collaboration marks a shift […]
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Treasury Eyes Private Credit Risks Treasury Eyes Private Credit Risks

Treasury Eyes Private Credit Risks

The United States Treasury Department has announced that it will hold a series of meetings with domestic and international insurance regulators to assess recent developments in the rapidly expanding private credit market, amid growing concerns over the stability of the $2 trillion non-bank lending sector and its potential spillover effects on broader financial markets. According […]
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Dhaka Bank Signs Landmark Corporate Health Partnership

Dhaka Bank Signs Landmark Corporate Health Partnership

Dhaka Bank PLC and Ascent Health Limited formalised a Corporate Health Agreement on 30 March 2026, reinforcing their commitment to employee and customer well-being. The signing ceremony took place at the Dhaka Bank PLC Head Office, drawing senior leadership from both organisations. The Memorandum of Understanding (MoU) was officially signed and exchanged by Md. Mostaque […]
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CORPnet Sets New Digital Milestone

CORPnet Sets New Digital Milestone

BRAC Bank’s corporate internet banking platform, CORPnet, achieved a significant milestone in 2025 by processing transactions worth Tk 2.273 trillion (Tk 227,321 crore) across nearly 8 million digital transactions. The strong performance highlights the deepening integration of digital solutions within Bangladesh’s corporate financial ecosystem. The platform registered a 43 per cent increase in transaction value […]
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Record Remittance Inflows Strengthen Bangladesh Foreign Exchange Reserves Record Remittance Inflows Strengthen Bangladesh Foreign Exchange Reserves

Record Remittance Inflows Strengthen Bangladesh Foreign Exchange Reserves

Bangladesh has recorded a historic surge in remittance inflows in March, with expatriate workers sending close to $4 billion in a single month—the highest level ever documented in the country’s history. The development underscores the increasing structural importance of overseas earnings in supporting macroeconomic stability, easing external financing pressures, and reinforcing foreign exchange buffers. According […]
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Global Insurance Premiums Rise As Rates Begin Softening Global Insurance Premiums Rise As Rates Begin Softening

Global Insurance Premiums Rise As Rates Begin Softening

Global commercial insurance premiums are forecast to reach approximately $1.4 trillion in 2025, reflecting continued expansion across the non-life insurance sector despite signs of moderating pricing and persistent exposure to climate-related risks. The projected growth rate of 2% to 3% suggests a stabilisation phase following several years of sharper premium increases driven by inflation, claims […]
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Sompo Maintains Stable Outlook Amid Aspen Integration Challenges Sompo Maintains Stable Outlook Amid Aspen Integration Challenges

Sompo Maintains Stable Outlook Amid Aspen Integration Challenges

The outlook for Sompo Japan Insurance Inc. remains stable, although the successful integration of its recent acquisition of Aspen Insurance Holdings Limited is expected to pose notable execution challenges in the near to medium term. This assessment, issued by AM Best, underscores both the opportunities and risks associated with the insurer’s ambitious global expansion strategy. […]
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Australians Regret Delayed Insurance As Premiums Surge Australians Regret Delayed Insurance As Premiums Surge

Australians Regret Delayed Insurance As Premiums Surge

A rising number of Australians are expressing regret over postponing private health insurance, as escalating premiums and mounting healthcare costs place increasing pressure on household finances. Fresh research by Finder indicates that roughly one in five adults now wish they had secured cover earlier, highlighting growing concerns over financial vulnerability in the face of medical […]
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