Useful Tools & Resources
Show allReport
BIA Annual Report 2024
Official review of BIA's activities, achievements and industry work for 2024.
Book
Year Book 2023
Official year book of insurance industry data and organizational updates for 2023.
Guidelines
Insurance Act 2010
The foundational legislation governing the insurance sector in Bangladesh.
Present President
Mr. Sayeed Ahmed, MP
President, 2025–2026
Assalamualaikum Warahmatullahi Wabarakatuh.
Since its establishment in 1988, the Bangladesh Insurance Association (BIA) has played a crucial role in advancing the private sector Bima industry in Bangladesh. It offers a platform for collaboration among private insurers, drives improved performance, and emphasizes Corporate Social Responsibility (CSR) activities. BIA’s growth to 80 member insurance companies by 2024 highlights its significance. Through initiatives like its Research and Training Centre, BIA enhances knowledge-sharing and efficiency. Under BIA’s leadership, private insurance companies have positively impacted the economy. The association’s dedication to development and readiness for future challenges positions it for ongoing success.
Who We Are
Who We Are
Since its establishment in 1988, the Bangladesh Insurance Association (BIA) has played a crucial role in advancing the private sector Bima industry in Bangladesh. It offers a platform for collaboration among private insurers, drives improved performance, and emphasizes Corporate Social Responsibility (CSR) activities. Growth to 80+ member companies highlights its significance. Through its Research and Training Centre, BIA enhances knowledge sharing and efficiency.
Our Vision
Our Vision
BIA protects and promotes the critical role of the insurance industry and enhances members’ interest. We aim to build a sustainable, inclusive and trusted insurance ecosystem that supports national development, economic resilience and social protection for all citizens.
Our Mission
Our Mission
Advocate for a sound legislative and regulatory environment, raise professional skill, and uphold ethical conduct among members.
Excellence
The highest standards of professionalism, transparency and service quality across insurance practice in Bangladesh.
Innovation
Digital transformation, modern technologies and new products to meet evolving customer needs.
Collaboration
Working with government, regulators, members and global partners for industry-wide growth.
Frequently Asked Questions
BIA is the national trade body representing private sector life and general insurance companies in Bangladesh. We work to promote a sustainable and trustworthy insurance industry that supports economic growth and social protection.
To develop the insurance industry, represent members to government and regulators, raise insurance literacy, support policy reform and ethical practice, and foster digital transformation.
No. BIA is an independent, non-profit trade association. We work closely with IDRA, the Ministry of Finance and other agencies.
Any licensed private life or non-life insurer operating in Bangladesh may apply, subject to approval by the Association.
No. Contact your insurance company first. For unresolved disputes, customers may contact IDRA.
Reach us through the contact page. Researchers, policymakers and industry stakeholders are welcome to collaborate.
Grievance
Consumer Grievance Portal
Highlight posts
Recent BIA notices, greetings and published statements.
Notice on non-life insurance commission
Congratulations to BIA President Mr. Sayeed Ahmed, MP
Condolence — former BIA President Sheikh Kabir Hossain
Congratulations on assuming office as Prime Minister
Representation of public voice
Selected video statements from the public record.