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Insurance plays an important role in a country’s economy. It forms an integral part of the financial sector. In countries around the world especially in the West insurance makes …
Swiss Re publishes Sigma Report on world insurance market. Most trusted and widely used reports are Sigma reports. The report, “SIGMA: The World Insurance Market in Figures,” published …
Introduction It is believed that the Bangladesh insurance industry is overcrowded in terms of the number of insurance companies for the size of its economy. Too many players are …
Bangladesh Insurance Academy will be transformed into the “Bangabandhu Insurance Institute“, which will operate on an international basis. To formulate a self-contained proposal in this regard, the government …
Introduction to Role of Surveyors: The smooth functioning of insurance as a risk management tool or risks transfer mechanism, the functional responsibilities of Surveyors and Loss Assessors are …
How to become an ACII (Associate of the Chartered Insurance Institute) ACII stands for Associateship of Chartered Insurance Institute. ACII and FCII are insurance qualifications offered by the …
“Importance of Insurance Professional Qualification” Introduction We live in a world today where specialization in one’s field of work counts more than ever. It has become rather …
Importance of risk survey and loss assessment/adjustment in insurance Introduction Risk survey or loss assessment is a specialized class of job or task. A risk surveyor or a …
Bangladesh is mainly an agricultural country. It is an agro based economy .Agriculture sector is a major contributor to GDP which is approximately 10-15%. Many people living in …
” How to calculate Estimated Maximum Loss (EML) and Probable Maximum Loss (PML)” Association of British Insurers (ABI) has made the following recommendations with regard to calculation of Estimated …
For underwriting purpose, we sometimes have to determine the scope of a single risk. In this article we will delve deep into the nature and definition of single …
As an insurance academician, I have long been pondering over the improvement of fire safety standards in the business premises in Bangladesh. I finally found out something special …
Mrs. Rashida Banu, has joined Reliance Insurance Ltd. as Deputy Managing Director on15th of July 2021. Prior to this, Mrs Banu worked in Bangladesh General Insurance company Ltd …
Loss of Profit (LOP) insurance comes under the category of pecuniary insurance as commonly known as Business Interruption Insurance. This insurance needs to be purchased separately/independently along with fire or …
One of the most important principles of insurance is “uberrima fides” which means Utmost Good Faith. All insurance contracts are based on this principle. Insurance companies are in the business of …