Dhaka, Oct. 15 -- The amendment to Bangladesh's insurance law has hit a snag as the Bangladesh Insurance Association (BIA) - the organisation representing insurance company owners - has yet to submit its feedback.
According to the Insurance Development and Regulatory Authority (IDRA), this delay is slowing down vital reforms meant to protect policyholders and strengthen trust in the financial system.
Officials at IDRA have expressed concern that without timely feedback from the BIA, it will be difficult to finalise the changes aimed at ensuring transparency and accountability in the country's insurance sector.
They warned that prolonged delays could undermine efforts to safeguard customer interests and preserve public confidence in finan...