Dhaka, July 5 -- The Insurance Development and Regulatory Authority (IDRA) has initiated a comprehensive special audit of sixteen general insurance companies listed on the Dhaka Stock Exchange, citing concerns over governance failures, delayed claim settlements, and questionable asset practices that have undermined public confidence in the sector.
These companies were flagged during recent evaluations for operational irregularities that have raised serious questions about the integrity of their financial and customer service practices.
Announcing the initiative at a press briefing, IDRA Chairman Dr M Aslam Alam said the audit would examine several critical issues, including the reasons behind failure to settle policyholder claims within t...