IDRA approves Rupali Adviser, Standard CEO reappointment in separate order

Staff Correspondent: Bangladesh’s insurance regulator, the Insurance Development and Regulatory Authority (IDRA), has approved two senior reappointments at Rupali Insurance Company Limited and Standard Insurance PLC, signaling continuity in leadership and governance in the non-life sector.

The decision was issued through separate official letters signed by Md. Solayman, Deputy Director of IDRA’s Non-Life Division, on Wednesday (Dec 30), the last working day of the year.

IDRA approved the reappointment of Prithwish Kumar Roy (P K Roy), FCA, as Adviser of Rupali Insurance for a three-year term from Jan. 2, 2026 to Jan. 1, 2029. In a separate order, the regulator also approved the reappointment of Md. Abdul Matin Sarkar as Chief Executive Officer (CEO) of Standard Insurance for another three years, effective from Dec. 20, 2025 to Dec. 19, 2028. Both approvals are conditional on compliance with the terms and conditions stated in the respective appointment letters.