Dhaka, Feb. 14 -- Bangladesh's insurance sector is currently facing significant challenges, including widespread corruption, mismanagement, and a lack of effective regulatory oversight.
Despite governmental efforts to reform various industries, the insurance sector remains largely unaffected, leading to growing concerns among stakeholders.
Over the past decade, the sector has been exploited by individuals with political backing, resulting in its current state of disarray.
Despite the fall of the previous government six months ago, the insurance industry remains mired in corruption, with little sign of the promised reforms.
Many established insurance companies have become hotbeds of irregularities, including embezzlement of funds under t...