MR Khan

A stamp represents the image of a country, hence requires some care in designing.

A staggering 46 non-life and 32 life insurance companies are licenced to operate in Bangladesh and yet there is virtually no local underwriting expertise or capability within the country.

Insurance premiums for readymade garments (RMG) and textile industries are on the rise. In addition, changes have also recently been made in the marine cargo insurance procurement process. These are bound to have an effect on the overall competitive pricing of the exported product from Bangladesh. BGMEA may consider alternative modes of risk transfer to reduce, or at least maintain, the cost of insurance.

Over the past two decades of working in the risk-consulting business, two things have become apparent to me: (i) after every major incident, we suddenly become very worried and conscious about lack of safety, and (ii) we forget all about our worries in about a week.