The Insurance Development and Regulatory Authority (IDRA) of Bangladesh has officially invited applications from qualified individuals and firms for listing as Chartered Secretaries within the country’s insurance sector. Interested candidates and organisations are required to submit complete application forms along with all supporting documents by 5:00 pm on 25 January. The application process commenced on 5 January, and submission within the stipulated timeframe is mandatory.
According to the IDRA notification, listed Chartered Secretaries or firms will be entrusted with a range of critical responsibilities. These include secretarial compliance monitoring, corporate governance audits, independent assessment activities, and other duties as assigned by the authority. Professionals in this role will play a central part in ensuring transparency, accountability, and adherence to professional standards within Bangladesh’s insurance industry. The authority will also determine the scope of duties and authority for each listed applicant during the appointment process.
Eligibility Criteria and Professional Experience
| Criteria | Detailed Requirements |
|---|---|
| Educational Qualification | Must hold membership as an Associate Chartered Secretary from the Institute of Chartered Secretaries of Bangladesh (ICSB) |
| Professional Experience | Minimum 2 years in a financial institution or corporate organisation; total professional experience of 5 years or more |
| Preference | Applicants with prior experience in the insurance sector will be given preference |
Disqualification Conditions
| Condition | Description |
|---|---|
| Legal | Candidates convicted or subject to judicial penalties are ineligible |
| Regulatory Blacklist | Individuals previously blacklisted or suspended by any regulatory authority cannot apply |
Required Supporting Documents
| Document | Description |
|---|---|
| Membership Certificate | Proof of ICSB membership |
| Regulatory Recognition | Certification from Bangladesh Bank, National Board of Revenue, or Bangladesh Securities and Exchange Commission |
| Employment Evidence | Documentation of professional experience over the past five years |
| Conduct Assurance | Evidence of ethical and disciplined conduct from ICSB or other regulatory authorities |
| Tax Identification | Proof of TIN and BIN registration |
IDRA has emphasised that complete and timely submission of applications is essential. Selected professionals will assume a pivotal role in upholding corporate governance, transparency, and professional ethics within the insurance sector. Their responsibilities will support adherence to professional standards, regulatory compliance, and the sustainable development of the industry in Bangladesh.
This initiative reflects IDRA’s commitment to strengthening institutional governance and ensuring that the insurance sector continues to operate with accountability and integrity, aligning with international best practices.