On May 8, 2023, the Bangladesh Insurance Association (BIA) and the Birla Institute of Management Technology (BIMTECH) jointly hosted a one-day conference titled "Reimagining Paradigm Shift in Bangladesh Insurance Industry - Bridging the Protection Gap" in Dhaka.
Professional Advancement Bangladesh Ltd. (PABL), a subsidiary of Green Delta Insurance, one of the leading nonlife insurers in Bangladesh served as the conference's knowledge partner alongside Bangladesh Insurance Association (BIA).
Academicians, high officials, experts, and leaders from various significant insurance businesses from Bangladesh, India, Thailand and Nepal attended the day-long conference, which featured four panel discussions on themes vital to the Bangladesh insurance industry. Mr. Sheikh Kabir Hossain, President of (BIA), and the Chief Guest, Mr. Sheikh Mohammad Salim Ullah, Secretary, Financial Institutions Division, Ministry of Finance, made valuable suggestions on the development of the insurance industry in Bangladesh, while Mohammad Jainul Bari, Chairman, Insurance Development and Regulatory Authority (IDRA), was present as a Special Guest, and Prof. (Dr.) Abhijit K Chattoraj, Chartered Insurer, Dean (SW&SS), Professor & Chairperson, PGDM-IBM, BIMTECH, was present as Guest of Honour.
The conference included four panel discussions that addressed important challenges in Bangladesh's insurance business.
The function of the regulator in the regulatory environment was examined in the first panel discussion which was moderated by Prof. (Dr) Abhijit K. Chattoraj from Birla Institute of Management Technology (BIMTECH).
هذه القصة مأخوذة من طبعة June 2023 من THE INSURANCE TIMES.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة June 2023 من THE INSURANCE TIMES.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
"IMS Unison University differentiates itself in the Indian higher education landscape through a strong commitment to quality education, a personalized student experience, and a modern, industry-relevant curriculum."
About Dr Anil Subba Rao Paila
IRDAI Corner
Insurance Regulatory and Development Authority of India (Insurance Fraud Monitoring Framework) Guidelines, 2024
Insurance Caselaws
The Himachal Pradesh State Commission orders Oriental Insurance Co. to pay Rs. 7.9 lakhs for repudiating an insurance claim solely because of delayed notification.
New Product Launches
Canara HSBC Life Insurance unveils new plan combining life protection and wealth creation
Gunford: Marine Insurance Fraud or Purely Coincidence!!
Global Maritime trade is affected hugely by the policies of maritime insurance being followed in various nations. An insurance policy is a contract in which an individual or entity (known as an insured) receives monetary reimbursement against losses, emerging from the occurrence of an event, from an insurance company (known as an insurer), generally in exchange for a premium.
How various insurtech startups are addressing the challenge of low market penetration in the Indian Life insurance sector
India's life insurance sector, despite being one of the largest markets in the world by population, faces a significant challenge in terms of market penetration. With a penetration rate hovering around 3% of GDP, it's clear that a vast majority of Indians remain either uninsured or underinsured.
Exclusion clauses in Insurance Contract: Enforceability and Interpretation
The terms of the insurance contract require strict construction without eschewing or adding the words in the contract. However, insurers are exempted from any liability where the loss is attributable to an excluded peril specified in the exclusion clause or not mentioned in the covered causes/perils/risks/loss.
Risk Management 2.0 in the new Gen Z Milieu
I notice that the world has significantly changed over the last five years due to black swan events (like Covid-19), geopolitical upheavals affecting supply chains (like situation in Middle east and Eastern Europe) and tech advances (like Al, robotics) have reshaped the risk landscape. Risk professionals must now adapt faster than ever to navigate these disruptions to ensure business resilience.
International News
Growing demand in Europe: Munich Re remains disciplined while further expanding
Life Insurance News
About 7 crore people have subscribed to the Atal Pension Yojana (APY) whose corpus has swelled to Rs 35,149 crore, Finance Minister Nirmala Sitharaman said.
