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Agriculture Insurance in Bangladesh
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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%. ...

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How to calculate Probable Maximum Loss (PML)
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" How to calculate Estimated Maximum Loss (EML) and Probable Maximum Loss (PML)" Association of British Insurers (ABI) has made the following ...

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Definition of a Single Risk
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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 ...

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Can insurers help improve the fire safety standards in business premises?
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As an insurance academician, I have long been pondering over the improvement of fire safety standards in the business premises in Bangladesh. I finally ...

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Reliance Insurance gets new Deputy Managing Director
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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 ...

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Why should businesses buy Loss of Profit (LOP) Insurance?
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Loss of Profit (LOP) insurance comes under the category of pecuniary insurance as commonly known as Business Interruption Insurance. This insurance needs ...

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Fraudulent claims :  Approaches from insurance companies
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One of the most important principles of insurance is "uberrima fides" which means Utmost Good Faith. All insurance contracts are based on ...

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Climate change and the insurance industry
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Many of us in the insurance industry do not regard climate change as a significant issue. However a certain amount of research and analysis has been ...

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Fire Loss Assessment – The Surveyors’ Roles
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Fire Loss - Role and Responsibilities of Surveyors/Loss Assessors" Introduction Fire insurance is a common and one of the oldest forms of insurance. It ...

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Why is proper underwriting of property risk so important?
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" Why is proper underwriting of property risk so important"? Underwriting risks is one of the most important aspects for an insurance company. Prudent ...

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