Published on 12:00 AM, March 01, 2023

WALK THE TALK

Sheikh Rakibul Karim, FCA 

CEO, Guardian Life Insurance Limited

There remains significant untapped potential for further expansion and improvement of the insurance sector in Bangladesh. In this context, both the government and insurance companies can play pivotal roles in supporting and promoting the sector's growth. The government can create a regulatory environment that fosters innovation, promotes financial inclusion, and safeguards the interests of customers.

Ala Ahmad 
CEO, MetLife Bangladesh

Life insurance is a critical contributor to a country's economic development for two key reasons. Firstly, it safeguards human capital against financial vulnerability, which enables individuals to avoid financial hardship and continue contributing to society. Secondly, life insurance facilitates investment in various government and private sectors, as insurers invest the funds collected from premiums. Thus, life insurance not only provides a safety net for individuals but also contributes to economic growth and stability at the societal level.