
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).
Bu hikaye THE INSURANCE TIMES dergisinin June 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye THE INSURANCE TIMES dergisinin June 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap

A Comparison of European and Indian Insurance "Risk Function"
The subsequent discussion compares the key areas within the risk management function of insurance companies in Europe and India. These are the existence of skilled resources, issues related to data, whether the risk function is challenging the first line enough, whether the riskbased decision-making is working well......

Health Insurance
At the World Economic Forum 2025 in Davos, the CEO of Bajaj Allianz predicted that India could see the emergence of 1000 insurance companies within the next decade.

"The Asian Development Bank (ADB) strengthens the insurance sector in Asia and the Pacific by partnering with finance ministries, regulators, and stakeholders."
Arup Chatterjee, Unit Head of the Capital Markets and Insurance Practice Team at the Asian Development Bank (ADB), has over 35 years of experience shaping global policies and driving reforms in insurance, pensions, and capital markets.

Insurance Regulator
Insurance companies are taking over six hours to process the majority of health cover claims and facilitate hospital discharges post-settlement.

Arterial Blood Gas (ABG) Interpretation for Medical Auditors & Health Insurance Claim Processors
A blood gas analysis may be performed on blood obtained from anywhere in the circulatory system say artery, vein or capillary. A medical auditor and claim processor should know that differences in measured blood gas values between arterial and venous blood are most pronounced for PO2 as PO2 is the only clinical reason for obtaining arterial collections.

MSME Insurance: Simplified
As per MSME Ministry data, there are about 6.3 crore MSMEs in India, which provide employment to approximately 11.10 crore and contribute to about 27% to the country's GDP, which is again 45% of the manufacturing output and over 40% of both direct and indirect exports.

International
In a forward-looking initiative, the Dubai International Financial Centre (DIFC) and Lloyd's of London have partnered to develop future talent in the insurance sector.

Insuring the Insurance: A Model for Investment in Ethical Capital
If today's organizations have to survive and sustain themselves, they must invest in ethical capital, or they will go the way of dinosaurs. In other words, all capital ventures must be ethical, and an investment in ethics is inevitable, for it follows the spirit of Rule and an inclusive approach towards all stakeholders.

General Insurance
With increasing cybercrime and a push from regulators, numerous insurance companies have rolled out cyber coverage for individuals. These policies aim to shield individuals from risks posed by malicious actors during their digital interactions.

Wildfire Crisis in the USA - Lessons for the Insurance Industry
The recent spate of wildfires across the United States has once again underscored the devastating impact of climate change on our ecosystems, communities, and economies. States like California, Oregon, and Washington have borne the brunt of these disasters, with unprecedented destruction of property, displacement of residents, and loss of natural habitats.