Bangladesh Insurance Development and Regulatory Authority (IDRA) and Sinosoft Co. Ltd, a China-based company, have signed an agreement to develop the insurance industry in Bangladesh.
Chinese Ambassador to Bangladesh Li Jiming has said insurance will play an increasingly important role in Bangladesh’s social-economic development.
Ambassador Li witnessed the contract signing between Sinosoft Co. Ltd and the IDRA on Thursday, reports UNB.
Dr Mohammad Jainul Bari, chairman of the IDRA; Dr Md. Kamruzzaman, project director; and Sun Xijie, executive senior vice-president of Sinosoft Co. Ltd., attended the ceremony.
“This project will help accelerate the process of informatisation and digitisation of Bangladesh’s insurance industry,” said Ambassador Li.
He said that the Bangladesh Insurance Sector Development Project, the contract of which was signed, marks another major step forward in technology cooperation between Bangladesh and China.
The envoy also pointed out that the "Chinese Dream" of national rejuvenation and “Sonar Bangla” goals are interconnected.
The Belt and Road Initiative and the Vision 2041 perspective plan will integrate further, said the Chinese envoy.
He wished the project great success and hoped the two countries would work together to enhance technology cooperation and provide better services to the people.
Jainul Bari spoke highly of China’s cooperation in various fields of Bangladesh, such as trade, investment, mega projects and technology.
China has played an “overwhelmingly positive” role in the development of Bangladesh, the Chinese Embassy in Dhaka quoted him as saying.
Sinosoft Co. Ltd is a China-based company principally engaged in the research and development, application and service of computer software.
