Category: State

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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Three Parliamentary Seats Results Challenged in Court Three Parliamentary Seats’ Results Challenged in Court

Three Parliamentary Seats’ Results Challenged in Court

In the aftermath of the Thirteenth National Parliamentary Election, three candidates have filed separate election petitions in the High Court, challenging the results of their respective constituencies. Justice Mohammad Ali’s single-member vacation bench accepted the petitions for hearing on Wednesday. The petitioners are: Sheikh Mohammad Zakir Hossain (BNP) from Bagerhat-2 Md. Mainul Alam (Jamaat-e-Islami) from […]
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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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