Dhaka, May 22 -- Bangladesh's insurance sector has been operating without full-time leadership at two of its most important institutions for more than two months, fuelling concerns over policy delays and slower administrative activities.

Officials and industry insiders say the prolonged vacancies at the Insurance Development and Regulatory Authority (IDRA) and state-owned insurer and sole reinsurer Sadharan Bima Corporation (SBC) are beginning to affect routine operations and key decision-making.

While acting officials are overseeing day-to-day functions, insiders believe the absence of permanent chairmen has created uncertainty at a time when the sector requires stronger regulatory direction and faster policy responses.

The posts have...