Insurance sector in Bangladesh

Bangladesh's insurance sector has not flourished remarkably in comparison to the developed world. Citizens in the developed world insure most of their properties and assets. They do it on their own initiative, because they are aware of the possibility of risks around them.

Bangladeshis are generally ill-informed about the insurance sector. If the government encourages the public offices that run welfare programmes to insure public properties, people would be encouraged as well. On their part, the insurance companies should properly and quickly settle all claims. A combined effort will help the insurance sector to flourish in Bangladesh.

Md Arifur Rahman Sumon, By e-mail