Dhaka, Feb. 8 -- The interim government has launched a sweeping reform agenda for Bangladesh's insurance sector, targeting long-standing governance failures, weak regulation and eroded public trust that have driven insurance penetration to historic lows.

The reforms aim to stabilise troubled insurers, protect policyholders and rebuild confidence in an industry critical to economic resilience, Dr M Aslam Alam, Chairman of the Insurance Development and Regulatory Authority (IDRA), said in an interview with The Financial Express (FE).

He said reform lay at the heart of the interim government's mandate, with IDRA working intensively over the past year to deliver legal, institutional and technological changes across the sector.

As part of t...