The Insurance Development and Regulatory Authority (IDRA) has issued a directive requiring insurance companies to shut down their double servers within the next six weeks. Furthermore, the regulator announced that a comprehensive risk-based supervision system is scheduled to be implemented across the insurance sector by December.
Economy
Insurers ordered to shut down double servers within six weeks
The IDRA chairman has directed insurance companies to deactivate their double servers within a six-week timeframe.
Source: TBS Bangladesh