Category: Economy

Luxembourg Proposes Law Ending Post Illness Discrimination 2 Luxembourg Proposes Law Ending Post-Illness Discrimination

Luxembourg Proposes Law Ending Post-Illness Discrimination

The Luxembourg Socialist Workers’ Party (LSAP) has unveiled a proposed law aimed at ensuring that individuals who have fully recovered from serious illnesses no longer face discrimination when seeking insurance or mortgages. The initiative includes the legal establishment of a so-called “right to be forgotten,” granting survivors protection against financial and social penalties linked to […]
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Private Banks Lead Eid Remittance Inflows

Private Banks Lead Eid Remittance Inflows

Remittance inflows to Bangladesh reached $2.2 billion during the first two weeks of March 2026, according to Bangladesh Bank. The figures, reported ahead of the Eid festival, highlight the critical role of overseas remittances in supporting household incomes and the national economy. The funds were received through four major banking sectors: state-owned commercial banks, specialised […]
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Wildfires and Storms Drive 2025 Insured Losses

Wildfires and Storms Drive 2025 Insured Losses

Secondary perils dominate global catastrophe claims despite calmer hurricane activity In 2025, secondary perils—including wildfires, severe convective storms (SCS), and floods—accounted for 92% of global insured natural catastrophe losses, according to Swiss Re Institute. Total losses reached US$107 billion, reflecting a year shaped more by the frequency of events than by any single extreme disaster. […]
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Taiwanese Insurers Face Middle East Investment Fluctuations

Taiwanese Insurers Face Middle East Investment Fluctuations

Taiwanese life insurers are likely to encounter short-term volatility in their Middle East holdings as the ongoing regional conflict continues, although the sector’s financial position appears resilient, according to S&P Global Ratings. The insurer report highlights that rated companies hold bonds primarily linked to Israel, Saudi Arabia, Qatar, and the United Arab Emirates. Effie Tsai, […]
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Bangladeshi Card Spending Abroad US Leads Credit, UK Debit

Bangladeshi Card Spending Abroad: US Leads Credit, UK Debit

Bangladeshi bank cards, both credit and debit, are increasingly used abroad, reflecting shifting trends in overseas spending. While credit cards historically dominated international transactions, debit cards have gained traction in recent years, offering a convenient, interest-free alternative for Bangladeshi travellers and expatriates. A recent report from Bangladesh Bank provides insights into card usage patterns across […]
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Central Bank Rejects Deputy Governor Rumours

Central Bank Rejects Deputy Governor Rumours

The Bangladesh Bank has firmly dismissed recent media reports claiming that a managing director from a leading private commercial bank is set to be appointed as its next Deputy Governor, describing the information as entirely baseless and inaccurate. In an official statement issued on Thursday, the central bank’s spokesperson and Executive Director, Arif Hossain Khan, […]
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Howdens Shweta Swaroop Champions Pay Transparency 2 Howden’s Shweta Swaroop Champions Pay Transparency

Howden’s Shweta Swaroop Champions Pay Transparency

Shweta Swaroop, General Counsel for Howden Group Holdings’ Asia division, is spearheading efforts to increase transparency in pay and promotion practices across the insurance sector, addressing persistent gender gaps that continue to restrict female leadership. Her advocacy comes at a time when firms increasingly recognise that clear visibility and accountability are essential to fostering equitable […]
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GCC Insurance Market Remains Resilient Amid Tensions GCC Insurance Market Remains Resilient Amid Tensions

GCC Insurance Market Remains Resilient Amid Tensions

The insurance sector across the Gulf Cooperation Council (GCC) region is projected to maintain a stable outlook over the short to medium term, despite ongoing geopolitical tensions, according to a recent report by Standard & Poor’s (S&P). The assessment highlights that the market’s fundamentals remain robust, enabling insurers to navigate an environment of uncertainty with […]
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HSB Unveils AI Liability Cover for SMEs HSB Unveils AI Liability Cover for SMEs

HSB Unveils AI Liability Cover for SMEs

HSB, the specialist insurer under Germany’s largest reinsurer, Munich Re, has launched a pioneering AI Liability Insurance product designed to shield small and medium-sized enterprises (SMEs) from legal and financial risks arising from the use of artificial intelligence (AI) in their operations. As businesses increasingly adopt AI to enhance productivity, streamline costs, and maintain a […]
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Daily Exchange Rates Highlight Growing Global Trade Daily Exchange Rates Highlight Growing Global Trade

Daily Exchange Rates Highlight Growing Global Trade

As Bangladesh’s international trade continues to expand, foreign currency transactions are increasing steadily. Staying informed about daily exchange rates has become crucial for facilitating smooth business operations. This is particularly important for sectors such as exports, imports, tourism, and foreign investment, where accurate currency information is essential for planning and risk management. According to data […]
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