Logo of Insurance Development and Regulatory Authority Bangladesh CollectedEarlier, he was an acting chairman of the insurance regulatory bodyThe government has appointed Dr M Mosharrof Hossain as chairman of the Insurance Development and Regulatory Authority (IDRA). Earlier, he was an acting chairman of the insurance regulatory body. Presently, there are a total of 79 firms, including two government corporations, in the insurance sector regulated by the IDRA. Bangladesh has now 77 privately-owned life and non-life insurance companies with a combined annual turnover of around Tk135 billion. The government formed the IDRA in 2011 replacing the then department of insurance with a view to bringing discipline in the insurance sector and making it a vibrant industry.

Source: Dhaka Tribune September 27, 2020 13:41 UTC