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The Financial Express

Mosharrof Hossain appointed chairman of IDRA

| Updated: September 27, 2020 18:27:24


Mosharrof Hossain appointed chairman of IDRA

Dr M Mosharrof Hossain has been appointed chairman of the IDRA, the regulator of 79 life and non-life insurers in Bangladesh.

The government on Sunday issued an order in this regard.

Earlier, he was appointed an acting chairman at the country's insurance regulatory body.

Presently, there are a total of 79 firms, including two government corporations, in the insurance sector regulated by the IDRA (Insurance Development and Regulatory Authority).

Bangladesh has now 77 privately-owned life and non-life insurance companies with a combined annual turnover of around Tk 135 billion.

The government formed the IDRA in 2011 replacing the then department of insurance with a view to bringing discipline in the insurance sector and making it a vibrant industry.

jasimharoon@yahoo.com

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