Insurance Blog

  Fiire insurance in Bangladesh  Bangladesh burns more than most people realize. In 2025 alone, the country recorded 27,059 fire incidents — an average of 75 fires every single day. These fires killed 85 people, injured 267 more, and destroyed nearly Tk 570 crore worth of property. Yet despite this scale of risk, fire insurance remains one of the most underused financial products in the country. This post breaks down where the market stands today, why it's growing, what's holding it back, and exactly how the claims process works if you ever need to use your policy. Why Fire Insurance Matters in Bangladesh Bangladesh is a country of dense cities, informal electrical wiring, garment factories packed with flammable material, and wooden or semi-permanent housing in many areas. That combination creates a level of fire exposure that few countries face at this scale. According to the Fire Service and Civil Defence (FSCD), the causes of the 2025 fires break down roughly as follows...

  Motor Insurance in Bangladesh.   " Your Complete Protection on the Road" Bangladesh's road network has expanded rapidly over the last decade. Every year increasing numbers of private cars, motorcycles, buses, trucks, and commercial vehicles, the risk of road accidents has also grown significantly every year. Every day, thousands of vehicles travel across highways and city roads. Unfortunately, road traffic accidents continue to cause loss of life, injuries, and substantial financial damage of the vahicles. . Motor Insurance is designed to protect vehicle owners from these financial risks. It provides peace of mind by covering accidental damage and many unforeseen events. This article explains Motor Insurance in Bangladesh according to the Bangladesh Motor Insurance Tariff, including the purchasing process, policy types, claim procedure, and why every vehicle owner should have need insurance protection. What is Motor Insurance? Motor Insurance is a contract betwee...

ভূমিকা বিশ্বের অন্যতম বৃহৎ জলবিদ্যুৎ প্রকল্প নির্মাণ করছে চীন। তিব্বতের ইয়ারলুং সাংপো (Yarlung Tsangpo) নদীর ওপর নির্মাণাধীন এই মেডোগ (Medog) মেগা হাইড্রোপাওয়ার প্রকল্প সম্পন্ন হলে এটি হবে বিশ্বের সবচেয়ে বড় জলবিদ্যুৎ কেন্দ্র। এই নদীই ভারতের অরুণাচল প্রদেশ ও আসাম অতিক্রম করে বাংলাদেশে যমুনা (ব্রহ্মপুত্র) নামে প্রবেশ করেছে। বাংলাদেশ একটি নিম্ন অববাহিকার (Downstream) দেশ হওয়ায়, উজানে নির্মিত যেকোনো বৃহৎ বাঁধ বা জলবিদ্যুৎ প্রকল্প আমাদের কৃষি, নদী, পরিবেশ, মৎস্যসম্পদ, নৌপরিবহন এবং সামগ্রিক অর্থনীতির ওপর প্রভাব ফেলতে পারে। তাই এই প্রকল্প বাংলাদেশের জন্য কেবল একটি আন্তর্জাতিক অবকাঠামো প্রকল্প নয়, বরং এটি একটি গুরুত্বপূর্ণ কৌশলগত ও অর্থনৈতিক বিষয়। প্রকল্পের সংক্ষিপ্ত পরিচিতি বিষয় তথ্য প্রকল্পের নাম মেডোগ (Medog) হাইড্রোপাওয়ার প্রকল্প অবস্থান তিব্বত, চীন নদী ইয়ারলুং সাংপো (পরবর্তীতে ব্রহ্মপুত্র) নির্মাণ শুরু ২০২৫ সাল সম্ভাব্য ব্যয় প্রায় ১ ট্রিলিয়ন ইউয়ান (প্রায় ১৩৭ বিলিয়ন মার্কিন ডলার) উৎপাদন ক্ষমতা প্রায় ৬০,০০০ মেগাওয়াট বার্ষিক বিদ্যুৎ উৎপাদন প্রায় ৩০০ বিলিয়ন ইউনিট এই প্র...

As Bangladesh accelerates its transition toward clean energy and sustainable urban development, Dhaka Metro Rail Line-6 presents a remarkable opportunity to integrate renewable energy into one of the country's most important public infrastructure projects. With 22 elevated stations, a 21.26-kilometre elevated corridor, and extensive rooftop and depot spaces, the metro system has the potential to generate a significant portion of its electricity through solar photovoltaic (PV) technology . This article explores how solar energy can be integrated into Dhaka Metro Rail, the technical feasibility of the project, its financial benefits, environmental impact, and why it could become a flagship renewable energy initiative for Bangladesh. Why Dhaka Metro Rail Is Ideal for Solar Energy Unlike conventional railway systems, Dhaka Metro Rail Line-6 is almost entirely elevated. This design provides thousands of square metres of unused rooftop space across stations, depots, and ancillary b...

  What is Insurance Underwriting? | School of Insurance What is Insurance Underwriting? Insurance underwriting is the process of evaluating a risk to determine if an insurance company will insure it and, if so, how to price it. Historically, underwriting relied solely on human expertise and judgment. Today, it combines that experience with data analytics, artificial intelligence, and digital tools to improve accuracy and speed. The underwriting process is critical for maintaining a healthy loss ratio . Strong underwriting ensures that the company earns more in premiums than it pays out in claims, directly impacting profitability and long-term financial health. Investing in underwriting training and strategy reduces risks, improves decision-making, and strengthens the insurer’s bottom line. How Does the Underwriting Process Work? Underwriting can be complex because every risk is unique. In small and medium-sized enterprises (SMEs), fast under...

What Is Cyber Insurance? Why Is It Important? Cyber insurance , also known as cybersecurity insurance , helps businesses mitigate the risk of cybercrimes such as data breaches and cyberattacks. It protects organizations from the financial impact of internet-based threats that affect IT systems and data security — risks that are often not covered by traditional insurance policies. Why Is Cyber Insurance Important? As the number of cyberattacks increases worldwide, cyber insurance has become essential for all businesses. A data breach or cyber incident can cause major financial and reputational damage — from losing customers to potential lawsuits and regulatory penalties. For example, in 2011, hackers breached Sony’s PlayStation Network, compromising data from 77 million users. The incident cost Sony over $171 million — and because it lacked cyber insurance, the company had to bear the entire loss. How Does Cyber Insurance Work? Cyber insurance works similarly to ...