Workshop to raise awareness on insurance held in Sylhet

A training workshop themed, 'Raising Awareness Regarding Insurance under the Bangladesh Insurance Sector Development Project (BISDP), was held in Sylhet yesterday.

"Insurance is a promising industry as only 0.5% of the total population is covered by insurance while all others are left out," said Md Mashiur Rahman, Sylhet's divisional commissioner, while addressing the event as chief guest.

There are misconceptions about insurance regarding religion. The general public have a negative perception on the service due to the way insurance companies operate, especially when people claim their insurance.

This must be changed and new products must be introduced while going completely digitalised, Rahman added.

The Insurance Development and Regulatory Authority (IDRA), in association with the government and World Bank, organised the workshop, where various stakeholders were present.

Sylhet's Divisional Commissioner Md Mashiur Rahman attended the event as chief guest while the IDRA's Executive Director Dr. Sheikh Md Rezaul Karim acted as chairperson.

Md Mahfuzul Haque, managing director of Jiban Bima Corporation, M Kazi Emdadul Haque, deputy commissioner of Sylhet and Dr Md Monirul Islam, dean of Management and Business Administration at Shahjalal University of Science and Technology (SUST) spoke as special guests.

Dr Mohammad Ashraful Ferdous Chowdhury, associate professor of the department of Business Administration of SUST, Dr Mohammad Shohrab Uddin, former deputy governor of Bangladesh Bank, Jamal Mohammed Abu Naser, CEO of National Life Insurance Company Limited and Subhasish Barua, executive vice president of Green Delta Insurance presented research papers at the event.