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Updates

Stay informed with the latest developments from the global insurance industry. The Update category delivers timely news, policy changes, regulatory insights, market trends, and innovations shaping the future of insurance worldwide.

Zainul Bari Resigns from Shadharon Bima Corporation

March 3, 2026
Zainul Bari Resigns from Shadharon Bima Corporation

Mohammad Zainul Bari has resigned as Chairman of the Shadharon Bima Corporation (SBC), citing personal reasons. He submitted his resignation …

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Strait of Hormuz Tensions Strain Global Insurance Markets

March 3, 2026
Strait of Hormuz Tensions Strain Global Insurance Markets

Ongoing geopolitical tensions surrounding the Strait of Hormuz have triggered heightened uncertainty across the global energy and insurance sectors. The …

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IDRA Chairman Dr Aslam Alam Resigns Prematurely

March 3, 2026
IDRA Chairman Dr Aslam Alam Resigns Prematurely IDRA Chairman Dr Aslam Alam Resigns Prematurely

The landscape of Bangladesh’s financial regulatory sector has been jolted by the sudden departure of Dr M. Aslam Alam, the …

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Indonesia Faces Insurance Challenges Amid Rising Disaster Risks

March 2, 2026
Indonesia Faces Insurance Challenges Amid Rising Disaster Risks

Indonesia’s non-life insurance sector is confronting a delicate balancing act, as insurers navigate stricter capital requirements alongside a surge in …

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Surge in Insurance Among Indians Fuels Overseas Weddings

March 2, 2026
Surge in Insurance Among Indians Fuels Overseas Weddings

The rising trend of Indians hosting weddings abroad has sparked a notable surge in travel insurance purchases, reflecting both the …

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Global Car Insurance Market Set for $2.13t Milestone

March 2, 2026
Global Car Insurance Market Set for 2.13t Milestone Global Car Insurance Market Set for $2.13t Milestone

The global motor insurance sector is standing on the precipice of a significant financial landmark, with total market value projected …

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Visa Staff to Receive MetLife Insurance Coverage

March 1, 2026
Visa Staff to Receive MetLife Insurance Coverage 2 Visa Staff to Receive MetLife Insurance Coverage

MetLife Bangladesh and Visa have formalised an agreement to provide comprehensive insurance benefits to Visa’s employees in Bangladesh and their …

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No Celebrations Mark National Insurance Day

March 1, 2026
No Celebrations Mark National Insurance Day No Celebrations Mark National Insurance Day

Dhaka: This year, National Insurance Day has passed largely unnoticed, breaking a tradition of vibrant celebrations across the country. Observed …

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Hawaii Faces Home Insurance Crisis Amid Climate Change

March 1, 2026
Hawaii Faces Home Insurance Crisis Amid Climate Change Hawaii Faces Home Insurance Crisis Amid Climate Change

Honolulu, Hawaii — The home insurance sector in Hawaii is teetering on the brink of collapse as the impacts of …

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Hidden Perils in India’s Insurance Market

March 1, 2026
Hidden Perils in Indias Insurance Market 2 Hidden Perils in India’s Insurance Market

The true scale of irregularities in India’s long-standing insurance sales is gradually coming to light. How ordinary families are being …

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