Category: State

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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Regional Financial Imbalance Deepens Regional Financial Imbalance Deepens

Regional Financial Imbalance Deepens

The Bangladesh economy has achieved notable progress over recent decades, driven by industrial expansion, export growth, infrastructure development, and sustained remittance inflows. Yet beneath this overall success lies a growing structural concern: economic activity and financial flows remain heavily concentrated in a few urban centres, particularly around Dhaka and Chittagong, leaving much of the country’s […]
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Interim Government’s Excessive Borrowing Sparks Alarm

Interim Government’s Excessive Borrowing Sparks Alarm

The interim government has leaned heavily on the domestic banking system to meet its fiscal obligations, borrowing in excess of Tk73,000 crore during the first seven months of the 2025–26 financial year. The latest data from Bangladesh Bank reveals a pronounced shift in the composition of public borrowing, with banks emerging as the principal source […]
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Prime Bank Expands Customer Rewards

Prime Bank Expands Customer Rewards

Prime Bank PLC has entered into a strategic partnership with Vista Electronics Ltd., aiming to deliver exclusive discounts and enhanced purchasing benefits to its customers. The agreement was formally signed at the bank’s corporate office in Dhaka, reflecting a shared commitment to providing greater value through collaborative initiatives. Under the terms of the partnership, customers […]
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Experts Call For Stronger Shariah Governance Framework Experts Call For Stronger Shariah Governance Framework

Experts Call For Stronger Shariah Governance Framework

Amid the rapid and sustained expansion of Islamic banking in Bangladesh, leading academics, regulators and financial sector experts have stressed the urgent need to strengthen Shariah governance frameworks in order to enhance transparency, reinforce credibility and preserve long-term public confidence in the industry. The call was made at a seminar titled “Shariah Governance in Islamic […]
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