In May, CII director of engagement, Keith Richards, along with the Professional Advancement Bangladesh Limited (PABL), the CII's education partner in Bangladesh, visited the finance ministry in Dhaka.
The meeting was held to discuss the work the CII and PABL are doing in Bangladesh, both for the insurance regulator and the industry overall.
The finance ministry has been very supportive of CII and PABL initiatives and has requested they continue to work closely with the regulator and the local institute in Bangladesh to enhance the professional standards of the Bangladesh Insurance Industry.
The CII also met with the Insurance Development and Regulatory Authority of Bangladesh (IDRA) to continue the ongoing discussions that the CII/ PABL have been having with the regulator since last year.
Mr Richards and CII regional director for South Asia, Sainesh Dar, along with the PABL team, met with IDRA member, Gokul Chand Das.
The CII and PABL have jointly submitted proposals to the IDRA outlining areas for support of a reform and development project which the Government and regulator in Bangladesh are currently undertaking.
The IDRA has also issued a circular to the Insurance Industry in Bangladesh proposing ACII qualifications to be pursued by the senior management of insurance companies.