Category: State

Bangladesh Strengthens Global Currency Links Bangladesh Strengthens Global Currency Links

Bangladesh Strengthens Global Currency Links

Bangladesh’s trade and economic engagement with the global market continues to deepen, driven in large part by the contributions of its vast diaspora. Millions of Bangladeshis living abroad send remittances back home, serving as a vital engine for the country’s economy. These inflows not only support household consumption but also enhance liquidity in the domestic […]
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Automation to Reshape Nearly Half of Insurance Roles

Automation to Reshape Nearly Half of Insurance Roles

The insurance industry is entering a transformative era as automation and artificial intelligence begin to reshape core operations. According to a recent Aon report titled Three Roles to Build Insurance’s Next-Generation Workforce, automation could replace 43% of insurance tasks by 2030, while 97% of insurers are accelerating their automation initiatives. The report warns that insurers […]
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Asia-Pacific Drives Insurance M&A Recovery

Asia-Pacific Drives Insurance M&A Recovery

Global insurance mergers and acquisitions rebounded in 2025, with the Asia-Pacific (APAC) region leading the charge amid broader market stabilisation. Clyde & Co’s annual Insurance Growth Update reported 211 completed deals worldwide last year, a modest rise from 202 deals in 2024. This follows a sharp decline from the 2023 high of 346 transactions, reflecting […]
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Trust Bank Launches Innovative Digital Branch Trust Bank Debuts Digital Service Point

Trust Bank Debuts Digital Service Point

Trust Bank PLC has strengthened its position in Bangladesh’s rapidly modernising banking sector by unveiling a Smart Point and introducing the country’s first Smart Teller Machine (STM). The move signals a decisive shift towards fully digital, self-service banking, aimed at improving efficiency and customer accessibility. The new Smart Point, located at SKS Tower in Mohakhali, […]
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ADB Expands Aid Amid Global Turbulence

ADB Expands Aid Amid Global Turbulence

The Asian Development Bank has announced a wide-ranging support package designed to shield developing economies in Asia and the Pacific from the escalating economic repercussions of the Middle East conflict. The initiative underscores rising concern over surging energy costs, disrupted supply chains, and increasing financial uncertainty across the region. ADB President Masato Kanda stated that […]
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CTIM Maintains Stability Amid Reinsurance Reliance CTIM Maintains Stability Amid Reinsurance Reliance

CTIM Maintains Stability Amid Reinsurance Reliance

Macau, China – China Taiping Insurance (Macau) Company Limited (CTIM) is expected to continue delivering stable performance, bolstered by strong capitalisation and consistent earnings, according to the latest assessment by AM Best. The insurer retains a dominant position in Macau’s non-life insurance market, even as reliance on reinsurance presents ongoing operational considerations. Strong Capital Position […]
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Health In Tech Expands AI Insurance Platform Health In Tech Expands AI Insurance Platform

Health In Tech Expands AI Insurance Platform

Nasdaq-listed AI-driven InsurTech platform Health In Tech has announced a strategic partnership with software engineering firm Ciklum to enhance the technical and operational capabilities of its stop-loss health insurance marketplace. This collaboration aims to streamline administrative workflows, improve user experience, and position the platform for broader market penetration. Currently, the platform supports over 800 brokers, […]
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Hochul Pushes Car Insurance Cuts Amid Debate 1 Hochul Pushes Car Insurance Cuts Amid Debate

Hochul Pushes Car Insurance Cuts Amid Debate

Governor Kathy Hochul has launched a high-profile initiative aimed at reducing car insurance costs in New York, a state notorious for some of the highest premiums in the United States. Her proposed reforms focus on curbing insurance fraud, limiting excessive lawsuits, and controlling insurers’ profit margins to ease the financial burden on drivers. Despite widespread […]
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