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Evolution of Micro Insurance in Bangladesh: Financial Cushion for the Bottom of the Pyramid Population

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Micro-insurance results from the combination of microfinance and insurance to provide security to the low-income community. It is a unique sector due to its size, technicality, and diversity. The intangibility of financial products is brought to the fore in the case of insurance since the investment pattern requires an initial payment and an uncertain pay-out […]

The Hurdles of Microfinance Institutions in COVID-19: Is There A Way Out?

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The COVID-19 pandemic has brought radical changes to most industries of the country, with some reaching unprecedented heights and some struggling to keep operations moving. The microfinance industry of Bangladesh, unfortunately, falls under the second category. Ever since the emergence of NGOs offering microcredits after the liberation of Bangladesh, sustainable economic development and eradication of […]

How Might the Bangladesh Economy React to the Second Lockdown?

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We’re entering another round of Covid induced lockdowns from 14th April, as the country has been witnessing another surge in infection rates. As of today (April 13, 2021), 6,028 individuals have been newly infected with Covid with 69 deaths; an eleven-fold increase in new infection numbers compared to a month back. But the question is, are […]

Understanding what a “BB-” Fitch Rating Means for Bangladesh

A sovereign credit rating is an independent assessment of a government or sovereign entity’s creditworthiness. Sovereign credit ratings may provide investors with information into the degree of risk, including any political risk, involved with investing in the debt of a given country. The degrees take into consideration a lot of factors including inflation rate, economic […]

Digital Payments in Bangladesh: A Road to Growth and Stability

Bangladesh has enjoyed a rapid growth in technological advancement recently with a current internet penetration rate of 60.7%. This has opened up a wide array of opportunities for businesses and services to thrive. One of the most noticeable trends in Bangladesh right now is the rise of digital payments. This change has subsequently spurred a […]

Agent Banking: Spearheading financial inclusion in Bangladesh

Agent Banking has been a catalyst in financial inclusion in Bangladesh. According to a report by the Bill & Melinda Gates Foundation, participation in financial services in the country has increased to reach an all-time high of 47 percent in 2018 as a result of a 5 percentage-point surge (20% to 25%) in registered bank […]

Towards an Equitable Society: Driving Financial Inclusion through DFS

To increase financial inclusion in the country, the importance of digital financial services can not be stressed enough. In recent years, the growing digital consumer class has embraced mobile financial platforms owing to the fast transaction, cost-efficiency and convenience. However, a large portion of the population is still financially excluded. According to Financial Inclusion Insights […]

Deep Dive into FinTech Innovation in Bangladesh

The recent surge in digital transactions in Bangladesh triggered by the COVID-19 pandemic has lately been the talk of the town. According to Bangladesh Bank, the average daily mobile financial services (MFS) transactions increased by 7% in the third quarter of FY 2019-20 from its previous quarter. Moving towards a cashless society, digital transactions are […]
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LightCastle COVID 19 Series – 2020
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The Covid-19 pandemic is having a major impact on the world we live in. The virus has not only wreaked havoc on our healthcare system, but has devastated the global economy. Amid the economic maelstrom, the Bangladesh economy finds itself in a precarious state, especially due to sagging apparel sales, declining remittances, soaring job losses, […]

  • Published on: June 11, 2020

IMF Highlights Weak Financial Sector Against Strong Economy

The state of the Bangladeshi economy has been under increased scrutiny in recent times. The reasons include the due graduation from low-income to middle-income country status and the potential upcoming global recession that may dampen this progress. The International Monetary Fund (IMF) does regular surveillance of its member countries’ economic and financial policies, as per […]

Making a Dent in Poverty through Microfinance

With the turn of the new decade, the global agenda of poverty eradication remains just as important a pursuit now as it ever was. The world continues to move towards an age in which the social business model is being reinvented with innovation at regular intervals, and industries are actively encouraged by their governments to […]

[Infographic] The Financial Market in Bangladesh

Bangladesh’s formal financial sector can be broadly segmented into two buckets: formal and others. The formal sector can again be subdivided into four categories. Microfinance, Insurance, Banks and NBFIs. As of today, the sector consists of 59 scheduled commercial banks with 3 new banks recently approved by the Bangladesh Bank, taking the tally up to […]
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Overview of Non-Life Insurance Sector

Currently there are 78 insurance companies including two previously mentioned government owned corporations. Among these, 47 are non-life insurance companies and 31 are life insurance companies. 35 non-life and 12 life insurance companies are listed in the capital market. However, Insurance sector is still undergrown considering the age of privatization and comparing with other constituents […]

  • Published on: October 17, 2019

The Untapped Potential of the Insurance Industry

Risk is one of its most challenging and constant aspects of the human experience. By providing financial backing in case of unexpected events, insurance attempts to reduce the impact of risk on our health, belongings, and businesses. The insurance industry is not only central to the creation of a stable business environment but also critical […]
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