Category: State

Allianz Malaysia Increases Coverage to 25%

Allianz Malaysia Increases Coverage to 25%

Allianz Malaysia Berhad has introduced a special promotion to mark its 25th anniversary, offering an additional 25% coverage on selected personal accident and lifestyle protection policies. The initiative is designed to attract new policyholders and reward existing customers who expand their plans. The campaign, managed by Allianz General Insurance Company (Malaysia) Berhad, is valid from […]
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Liberty Specialty Markets Targets Asia Fine Art Sector

Liberty Specialty Markets Targets Asia Fine Art Sector

Liberty Specialty Markets has officially entered the Asian fine art and specie insurance market, aiming to offer tailored protection for high-value assets to both individuals and institutions. The expansion reflects the company’s ambition to capitalise on a region where demand for specialised insurance solutions is rapidly increasing. The new offering encompasses comprehensive coverage for fine […]
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Singapore Domestic Insurance Records 8.4% Growth

Singapore Domestic Insurance Records 8.4% Growth

Singapore’s domestic general insurance sector demonstrated solid growth in 2025, with gross written premiums (GWP) increasing 8.4% year-on-year (YoY) to US$4.76 billion (S$6.1 billion), according to the General Insurance Association (GIA) of Singapore. The combined GWP for both domestic and offshore segments rose 3.7% YoY to US$8.74 billion (S$11.2 billion), signalling continued expansion across local […]
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BRAC Bank Brings Banking to Remote Areas

BRAC Bank Brings Banking to Remote Areas

Banking in Bangladesh has undergone a significant transformation, evolving from an urban-centred service into one that now reaches some of the country’s most remote and challenging regions. Where banking was once associated with paved city streets, tall buildings, and formal branches, financial services are now accessible in forest settlements, river islands, isolated hill tracts, and […]
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Shimanto Bank Boosts Cardholder Security Shimanto Bank Boosts Cardholder Security

Shimanto Bank Boosts Cardholder Security

Shimanto Bank has taken a notable step towards enhancing customer protection by entering into a strategic partnership with Astha Life Insurance Company Ltd through a formal memorandum of understanding (MoU). The agreement, signed at the bank’s head office, reflects a growing trend in the financial sector towards integrating banking services with insurance-based safeguards, offering customers […]
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IMF Demands Detailed Banking Reform Plan IMF Demands Detailed Banking Reform Plan

IMF Demands Detailed Banking Reform Plan

The International Monetary Fund (IMF) has urged Bangladesh to develop a clear, time-bound roadmap aimed at strengthening transparency, improving loan management, and accelerating structural reforms within its banking sector. The global lender has formally requested Bangladesh Bank to submit a written and comprehensive action plan, underscoring the need for measurable progress and sustained policy discipline. […]
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India Reaffirms Enduring Bangladesh Ties India Reaffirms Enduring Bangladesh Ties

India Reaffirms Enduring Bangladesh Ties

India’s President, Droupadi Murmu, has conveyed warm greetings to Bangladesh on the occasion of its Independence and National Day, reaffirming the enduring friendship and close partnership between the two neighbouring nations. The message was formally delivered on Wednesday, 25 March, through the Indian High Commission in Dhaka, and addressed to the President of Bangladesh, Mohammed […]
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Total Loss in Benken House Fire Raises Insurance Concerns Total Loss in Benken House Fire Raises Insurance Concerns

Total Loss in Benken House Fire Raises Insurance Concerns

On 25 March, a devastating fire engulfed a single-family home in Benken, St. Gallen, resulting in a total property loss and one minor injury, authorities confirmed. The incident underscores the importance of fire risk assessment, insurer involvement, and rebuilding costs in Switzerland’s property insurance landscape. Investors and underwriters closely monitor such events to evaluate claims […]
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