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Asias Insurance Landscape Faces Major Transformation Asia's Insurance Landscape Faces Major Transformation

Asia’s Insurance Landscape Faces Major Transformation

Asia’s insurance sector witnessed a series of significant developments between 23 and 26 June, reflecting changing consumer priorities, accelerating digital transformation, growing scrutiny of artificial intelligence (AI), and mounting concerns over the economic impact of uninsured natural disasters. At the same time, regulators across the region introduced new initiatives aimed at strengthening governance and supporting […]
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Governance and Digital Reform Vital for Insurance Confidence 1 Governance and Digital Reform Vital for Insurance Confidence

Governance and Digital Reform Vital for Insurance Confidence

Strengthening governance, accelerating digital transformation and restoring public confidence emerged as the central themes of a post-budget seminar examining the future prospects and challenges of Bangladesh’s insurance sector. The seminar, organised by the Insurance Reporters Forum (IRF), was held on Saturday at Hotel Ekattor in Bijoynagar, Dhaka. It brought together policymakers, regulators, industry leaders and […]
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Trust Bank Announces Officer Vacancies With No Age Limit 1 Trust Bank Announces Officer Vacancies With No Age Limit

Trust Bank Announces Officer Vacancies With No Age Limit

Trust Bank PLC, one of the prominent private commercial banks in Bangladesh, has officially released a recruitment notification seeking qualified professionals for its corporate operations. The financial institution is looking to hire capable individuals for the position of ‘Officer’ within its specialised Retail Banking Services Communication (SO-PO) department. The application window is currently open, offering […]
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Bangladeshs Foreign Exchange Reserves Climb Above 36 Billion Bangladesh’s Foreign Exchange Reserves Climb Above $36 Billion

Bangladesh’s Foreign Exchange Reserves Climb Above $36 Billion

Bangladesh’s gross foreign exchange reserves have remained above the US$36 billion mark under the Bangladesh Bank’s own accounting method, although reserves measured under the International Monetary Fund’s (IMF) Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6) methodology stand at a lower level. The latest figures were confirmed on Thursday night by Bangladesh […]
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Climate Insurance Gap May Cost 41.4 Trillion 2 Climate Insurance Gap May Cost $41.4 Trillion

Climate Insurance Gap May Cost $41.4 Trillion

Around 2.7 billion people were living in flood-prone areas globally as of 2020, underscoring the scale of escalating climate risk facing both developed and developing economies. Uninsured losses from natural disasters and rising sea levels could drain as much as $41.4 trillion from the global economy over the next two decades, according to a new […]
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World Bank Approves 450m Banking Reform Loan 1 World Bank Approves $450m Banking Reform Loan

World Bank Approves $450m Banking Reform Loan

The World Bank’s Board of Executive Directors has approved a US$450 million financing package aimed at strengthening Bangladesh’s banking sector, improving financial stability and restoring confidence among depositors. The funding is also expected to support broader economic growth and job creation by reinforcing the country’s financial infrastructure. The decision was taken on Wednesday at the […]
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