Bangladesh to amend insurance law under US condition, state-owned reinsurer fears sharp income decline
The government of Bangladesh has moved to repeal the reinsurance-related clause in the Insurance Corporation Act, following conditions included in a non-disclosure agreement with the United States. If implemented, the reform is expected to significantly reduce the revenue of the state-owned Sadharan Bima Corporation (SBC), causing growing concern within the institution. Reinsurance allows an insurance […]
Read more

