Death claims on insurance keep rising amid pandemic
Death claims and settlements on insurance have substantially increased during the coronavirus pandemic period in Bangladesh. In 2020 death insurance claims of Tk 343.43 crore was 25.56 per cent higher than the previous year — Tk 280.76 crore. Settlements in the same year amounted to Tk 238.67 crore, up from Tk 190.08 crore, according to […]
Why doesn’t Bangladesh have enough actuaries?
The government’s plan to raise the insurance sector’s contribution to gross domestic product to 4 per cent within this year looks unrealistic given that its share in GDP keeps shrinking over the years. Currently, 79 insurance companies are operating in Bangladesh. They contribute only 0.3 per cent to the GDP at present. Bangladesh Bureau of […]
Insurance sector becoming deadweight for economy
The government’s plan to raise the insurance sector’s contribution to gross domestic product to 4 per cent within this year looks unrealistic given that its share in GDP keeps shrinking over the years. Currently, 79 insurance companies are operating in Bangladesh. They contribute only 0.3 per cent to the GDP at present. Bangladesh Bureau of […]