Next steps
Industry Association Watch
Source: BDPolicyLab Watch record and cited public sourcesAs of 2026-07-05
The BIA is focused on restoring public trust and settling Tk 7,000 crore in outstanding claims while adapting to stricter regulatory oversight and the elimination of commission-based models.
IDRA inspected nine insurance companies for non-compliance regarding agency commissions requested by the BIA.
IDRA and BIA standardized office hours for all insurance companies to 10:00 AM–5:00 PM.
BIA President Sayeed Ahmed advocated for mandatory motor insurance and industry reforms at an IRF seminar.
BIA was registered with the Registrar of Joint Stock Companies on 25 April 1988; founded_year set to 1988. Sayeed Ahmed elected president for 2025-26 (vote held 22-24 Feb 2025); president_since uses 24 Feb per the New Age report. Membership reported as 76 companies (45 general, 31 life) in 2023 but not from a current authoritative source, so member_count left null. BEF directory still lists the late Sheikh Kabir Hossain as president (stale); current dated news sources confirm Sayeed Ahmed.
Source: 4 primary source linksAs of 2026-07-05