Category: Economy

Six Day Pay Scale Protest Announced Six-Day Pay Scale Protest Announced

Six-Day Pay Scale Protest Announced

A nationwide six-day programme has been declared by the Bangladesh Government Officers and Employees Welfare Association, demanding the swift implementation of the ninth national pay scale for public sector employees. The announcement was made on Wednesday, 1 April, through a statement signed by the organisation’s convenor Abdul Malek and member secretary Ashikul Islam. The association […]
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Rising Wage Gaps in Global Insurance Sector

Rising Wage Gaps in Global Insurance Sector

The global insurance industry is increasingly marked by stark disparities in earnings between frontline sales agents and senior executives. While sales personnel rely heavily on performance-based commissions, executives enjoy substantial and often multi-million-dollar compensation packages. These gaps are influenced by region, experience, and the scope of responsibility. In North America, insurance sales agents earn a […]
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Bangladesh Trails in Travel Insurance Sector

Bangladesh Trails in Travel Insurance Sector

While travel insurance is experiencing rapid expansion globally, Bangladesh remains significantly behind in adopting this essential safety net for travellers. As international tourism increasingly prioritises risk management, the role of travel insurance has become vital. Yet, within Bangladesh, its utilisation is still limited and largely confined to outbound tourists. Travel insurance protects travellers against unforeseen […]
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Bangladesh Bank to Launch Islamic Interbank Market

Bangladesh Bank to Launch Islamic Interbank Market

Bangladesh Bank has decided to establish an Islamic interbank money market by June of the current fiscal year, creating a dedicated platform for Shariah-compliant banks to manage short-term liquidity efficiently. The move addresses a critical gap in the financial system, as Islamic banks cannot currently access the conventional call money market due to religious restrictions. […]
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AB Bank, Scholastica Sign Education MoU

AB Bank, Scholastica Sign Education MoU

AB Bank PLC. has entered into a strategic partnership with Scholastica School through the signing of a Memorandum of Understanding (MoU), providing substantial educational benefits for the children of the bank’s permanent staff. Under the agreement, eligible students will receive up to 50% off admission fees, enabling easier access to one of the country’s leading […]
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Techcom Life Pushes AI Expansion Amid Scaling Constraints Techcom Life Pushes AI Expansion Amid Scaling Constraints

Techcom Life Pushes AI Expansion Amid Scaling Constraints

Vietnam’s Techcom Life Insurance Company Limited is accelerating its transition towards an artificial intelligence-led operating model, aiming to overcome a persistent industry challenge in which only a small proportion of AI initiatives successfully scale beyond pilot stages. At the Asian Banking & Finance and Insurance Asia Summit in Ho Chi Minh City, Ravindra Venisetti highlighted […]
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Singapore Regulator Raises Alarm Over Insurers Private Risks Singapore Regulator Raises Alarm Over Insurers’ Private Risks

Singapore Regulator Raises Alarm Over Insurers’ Private Risks

The Monetary Authority of Singapore (MAS) has issued a clear warning to insurers over the growing risks associated with their expanding exposure to private assets, signalling heightened regulatory scrutiny as market conditions become increasingly volatile. Addressing the Life Insurance Association Annual Luncheon on 30 March, Marcus Lim emphasised that insurers are channelling a greater share […]
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Strategic Insurance Alliance Expands in Tokyo Strategic Insurance Alliance Expands in Tokyo

Strategic Insurance Alliance Expands in Tokyo

A new phase of strategic collaboration has emerged within Japan’s insurance sector following a minority equity acquisition by Japan Post Insurance Co., Ltd. in the insurance distribution group Hoken Minaoshi Hompo Group. The move is aimed at reinforcing Japan Post Insurance’s long-term growth strategy through closer integration with a leading multi-channel distribution platform. The transaction […]
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Life Insurance Claims Crisis Deepens Life Insurance Claims Crisis Deepens

Life Insurance Claims Crisis Deepens

A prolonged financial strain combined with persistent management weaknesses in Bangladesh’s life insurance sector has led to a severe backlog in the settlement of policyholder claims. According to recent figures, around 1.2 million insurance customers are currently awaiting payments, while the total value of unsettled claims has surged to approximately Tk 4,403 crore. One such […]
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