Dhaka, Feb. 19 -- The Insurance Development and Regulatory Authority (IDRA), on Wednesday ordered for physical presence in board meetings and other committee meetings by directors for insurance companies.

Virtual meetings through Zoom or other such platforms were initially approved during the COVID-19 pandemic, allowing board members to attend remotely when physical meetings were not possible.

Later, a hybrid system was introduced, enabling directors of insurance companies to participate both physically and virtually.

However, in its 179th meeting, IDRA, the regulator of 82 insurers in Bangladesh, decided that board members of all life and non-life insurance companies must now attend meetings in person, discontinuing virtual participat...