Dhaka, Feb. 10 -- Bangladesh Bank Governor Dr Ahsan H Mansur has said that sustainable development in the insurance sector is not possible without the effective implementation of good governance.

He noted that the sector is subject to strict governance requirements, leaving no alternative but to ensure full compliance.

The governor made the remarks on Monday while speaking as the chief guest at the launch of the new website and the Digital Insurance Manual of the Insurance Development and Regulatory Authority (IDRA) at the BIAM Foundation auditorium in the capital, according to a press release.

Dr Mansur said that although investments have been made and premiums collected in the insurance sector, policyholders' claims have not been set...