NASIR UDDIN SHEIKH is working as an advisor here since 2019. Meghna Life Insurance Company Limited Islami Takaful Division Borogola Bogura Bangladesh. As well as I was working as a Deputy Director of National Academy For Computer Training And Research and retired from NACTAR I started new job in this platform. Insurance sector of Bangladesh is very much weak. People has negative thinking about Insurance. "We anticipate that the insurance industry should procure a record $7 trillion in premium before the following year's over. The best groundwork for the following financial shock is having monetary cushions set up," Jerome Haegeli, Group Chief Economist at Swiss Re Institute.
"Nonetheless, financial and money related cushions are being exhausted, which implies the private protection area is progressively significant. Limiting security holes needs to turn into a monetary approach objective."
In such manner, SM Shakil Akhtar, leader chief (Joint Secretary) and representative of the Insurance Development and Regulatory Authority, said, "I think the data given by Swiss Re is right. This is on the grounds that the country's top notch pay has descended a ton because of the conclusion of outsider engine protection."
He said thus, premium pay of around Tk300 crore has diminished in the life coverage area. In any case, outsider engine protection is obligatory everywhere.
Then again, due to the Covid, imports and commodities have likewise diminished a ton which has impacted the non-disaster protection premium pay of the country. Extra security laborers can't sell arrangements in the pandemic.
Also, organizations can't promote new items to clients. With everything taken into account, the protection area is confronting difficulties in the pandemic.
Sheik Kabir Hossain, administrator of the Bangladesh Insurance Association (BIA), said the pandemic has changed a ton in the protection area. Meanwhile, the organizations can't build the quantity of new clients.
The matter of life safety net providers specifically has declined. The import-send out business has likewise been impacted by the conclusion of outsider engine protection and the pandemic, he added.
Md Moniruzzaman Khan, head of Digital Business and Communication of Green Delta said, "First and foremost, duty revisal of marine protection has had a critical unfriendly impact. Likewise, undoing of organization commission prompted a diminished restoration of protection arrangements and ultimately evacuation of outsider engine protection additionally had some impact."
"Nonetheless, financial and money related cushions are being exhausted, which implies the private protection area is progressively significant. Limiting security holes needs to turn into a monetary approach objective."
In such manner, SM Shakil Akhtar, leader chief (Joint Secretary) and representative of the Insurance Development and Regulatory Authority, said, "I think the data given by Swiss Re is right. This is on the grounds that the country's top notch pay has descended a ton because of the conclusion of outsider engine protection."
He said thus, premium pay of around Tk300 crore has diminished in the life coverage area. In any case, outsider engine protection is obligatory everywhere.
Then again, due to the Covid, imports and commodities have likewise diminished a ton which has impacted the non-disaster protection premium pay of the country. Extra security laborers can't sell arrangements in the pandemic.
Also, organizations can't promote new items to clients. With everything taken into account, the protection area is confronting difficulties in the pandemic.
Sheik Kabir Hossain, administrator of the Bangladesh Insurance Association (BIA), said the pandemic has changed a ton in the protection area. Meanwhile, the organizations can't build the quantity of new clients.
The matter of life safety net providers specifically has declined. The import-send out business has likewise been impacted by the conclusion of outsider engine protection and the pandemic, he added.
Md Moniruzzaman Khan, head of Digital Business and Communication of Green Delta said, "First and foremost, duty revisal of marine protection has had a critical unfriendly impact. Likewise, undoing of organization commission prompted a diminished restoration of protection arrangements and ultimately evacuation of outsider engine protection additionally had some impact."
