The Unfolding Landscape: A Holistic View of Bangladesh’s Insurance Industry
Bangladesh’s modern insurance industry began in 1972 with the nationalization of 49 entities under five state-owned corporations. Post-1990 reforms allowed private insurers to reinsure 50% of their business, leading to significant private sector growth and an 88% market share by 2004.
Currently, Bangladesh has 81 to 82 insurance companies: 35 to 36 life insurance firms and 44 to 46 non-life (general) insurance entities. These collectively cover approximately 18.97 million individuals.
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