Bangladesh Insurance Association

Bangladesh Insurance Association (BIA), established on April 25, 1988, is the apex body representing the private insurance sector in Bangladesh. Its formation followed the Government’s 1984 decision to allow private insurers to operate alongside state-owned corporations. Recognizing the need for a unified voice, representatives from these new private insurers decided to form an association. BIA began with 13 founding member companies—3 life and 10 non-life. Today, its membership has grown to 80 companies, comprising 35 life insurers and 45 non-life insurers.