Dhaka, July 3 -- A total of 32 insurance companies operating in Bangladesh have been identified as high risk, according to Dr. M. Aslam Alam, Chairman of the Insurance Development and Regulatory Authority (IDRA). The list includes 15 life insurance companies and 17 general insurance companies.
Dr. Alam shared the findings at a press conference held at the IDRA headquarters on Wednesday. The risk status was determined after evaluating the companies' overall performance, financial standing, and claim settlement records.
"Only 6 out of 36 life insurance companies in the country are currently in good standing," said the IDRA chief. "Fifteen are classified as high-risk, while another 15 fall under the medium-risk category." However, he did not...