Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.
Axco’s Bangladesh Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.
The Life & Benefits Report for Bangladesh includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Total GWP (USD)
Insurance Penetration (%)
Bangladesh is a very poor country. Its economy depends largely on foreign aid and remittances from Bangladeshis working abroad. Nearly half of all employment is in agriculture. It is one of the most densely populated countries in the world economy.
In 2017 non-life gross premiums were BDT 29.81bn, which represented an increase of 7.92% over the previous year. Apart from the state-owned Sadharan Bima Corporation (SBC), there were 45 private non-life insurers registered to do business in Bangladesh.