Category: State

Singapore Life Insurance Payouts Reach Record First Quarter 3 Singapore Life Insurance Payouts Reach Record First Quarter

Singapore Life Insurance Payouts Reach Record First Quarter

The Life Insurance Association, Singapore (LIA Singapore) released its industry performance data for the first quarter of 2026 (Q1 2026) on 13 May. The figures reveal that total claims, health payouts, and maturity disbursements reached S$5.79 billion across both individual life and health insurance categories. This performance highlights two concurrent trends within the Singaporean market: […]
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James Sarmiento Secures Insurance Career Through Strategic Focus 2 James Sarmiento Secures Insurance Career Through Strategic Focus

James Sarmiento Secures Insurance Career Through Strategic Focus

The journey of James Sarmiento, a student at the University of Nevada, Las Vegas (UNLV), serves as a definitive case study in professional adaptation and the transition from general finance aspirations to a specialised career in the insurance sector. As a peer mentor within UNLV’s First-Year Experience programme, Sarmiento spent a significant portion of his […]
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Central Bank Prohibits Staff Foreign Travel On Bank Funds 1 Central Bank Prohibits Staff Foreign Travel On Bank Funds

Central Bank Prohibits Staff Foreign Travel On Bank Funds

In a definitive move to bolster transparency and accountability within the nation’s financial sector, Bangladesh Bank has issued a comprehensive new directive. The central bank has imposed a stringent ban on its officers and staff participating in training programmes, seminars, symposiums, and workshops—both domestically and abroad—that are funded by commercial banks, financial institutions, or related […]
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Urgent Demand for Pay Revision 2 Urgent Demand for Pay Revision

Urgent Demand for Pay Revision

Government employees in Bangladesh have expressed growing frustration over delays in implementing a revised national pay structure, citing rising living costs and continued financial strain. The Bangladesh Government Employees Welfare Association Central Convening Committee has urged authorities to finalise and implement the recommendations of the proposed National Pay Commission 2025 before the upcoming national budget […]
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Ministry Demands Explicit Proposal on Insurance Registration Fees

Ministry Demands Explicit Proposal on Insurance Registration Fees

The Ministry of Finance has issued a formal directive to the Insurance Development and Regulatory Authority (IDRA), seeking a precise and elucidated proposal regarding the registration renewal fees for private insurance companies for the 2026 fiscal year. This request aims to standardise and simplify the renewal process, ensuring that the financial obligations of insurers are […]
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Deepfake Fraud A Growing Technological Threat to Global Insurance

Deepfake Fraud: A Growing Technological Threat to Global Insurance

The rapid evolution of Artificial Intelligence (AI) has fundamentally altered the risk landscape for the global insurance industry. Insurers are increasingly alarmed by the rise of “deepfake” technology—synthetic media created by AI that can convincingly mimic real people. While deepfakes were previously associated with social media disinformation and political manipulation, they have now emerged as […]
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ADB Pledges $100m Support for Universal Pension Infrastructure

ADB Pledges $100m Support for Universal Pension Infrastructure

The Asian Development Bank (ADB) has reached a formal agreement to provide a $100 million soft loan aimed at enhancing the operational and institutional framework of Bangladesh’s Universal Pension System (UPS). This commitment was confirmed during a high-level briefing on Tuesday afternoon at the Ministry of Finance, presided over by Finance Minister Amir Khosru Mahmud […]
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Foreign Investors Drive Tk 3.35 Billion BRAC Bank Block Trade

Foreign Investors Drive Tk 3.35 Billion BRAC Bank Block Trade

A substantial block market transaction involving BRAC Bank PLC was recorded on the Dhaka Stock Exchange (DSE) this Tuesday. Approximately 45.3 million shares were traded in a deal valued at Tk 3.35 billion, a volume that significantly contributed to the daily total market turnover exceeding Tk 11 billion. Strategic Portfolio Management The transaction was executed […]
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