IDRA, Sinosoft sign deal on ins industry digitalisation

Chinese Ambassador to Bangladesh Li Jiming has said insurance will play an increasingly important role in Bangladesh's social-economic development, reports UNB.

Ambassador Li witnessed the contract signing between Sinosoft Co. Ltd and Bangladesh Insurance Development and Regulatory Authority on Thursday (September 15, 2022).

Dr Mohammad Jainul Bari, Chairman of Bangladesh Insurance Development and Regulatory Authority; Dr Md. Kamruzzaman, Project Director; and Sun Xijie, Executive Senior Vice-President of Sinosoft Co. Ltd., attended the ceremony.

"This project will help accelerate the process of informatization and digitization of Bangladesh's insurance industry," said Ambassador Li.

He said that Bangladesh Insurance Sector Development Project, contract of which was signed, marks another major step forward in technology cooperation between Bangladesh and China.

The envoy also pointed out that the "Chinese Dream" of national rejuvenation and "Sonar Bangla" goals are interconnected.