• Anamul Haque University of Chittagong, Bangladesh
  • Nishat Taslin Mohona University of Chittagong, Bangladesh
  • Sabrin Sultana University of Chittagong, Bangladesh
  • Umme Kulsum University of Chittagong, Bangladesh
Keywords: Covid-19, Lockdown, Insurance Industry of Bangladesh.


This study investigates the impact of Covid-19 on the insurance industry of Bangladesh. We utilize a quarterly panel data of top-performing both life and non-life companies for the duration between Q1:2018 to Q1:2021. We depend on the quantitative method to determine the exact scenario implementing through the fixed effect model. The finding explains that the adverse effect of the pandemic is significant on the quarterly premium income, insurance density, and penetration. A robustness test further justifies the validity of the findings. We discuss the causes behind decline to portraits real scenario of such harsh impact. The sector demands potential measures that ensure a stable situation.

JEL Classification Codes: G22, I18, I19.

Author Biographies

Anamul Haque, University of Chittagong, Bangladesh

Assistant Professor, Department of Banking and Insurance, University of Chittagong, Bangladesh

Nishat Taslin Mohona, University of Chittagong, Bangladesh

Undergraduate Student, Department of Banking and Insurance, University of Chittagong, Bangladesh

Sabrin Sultana, University of Chittagong, Bangladesh

Undergraduate Student, Department of Banking and Insurance, University of Chittagong, Bangladesh

Umme Kulsum, University of Chittagong, Bangladesh

Undergraduate Student, Department of Banking and Insurance, University of Chittagong, Bangladesh


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How to Cite
Haque, A., Mohona, N. T., Sultana, S., & Kulsum, U. (2021). THE IMPACT OF COVID-19 ON THE INSURANCE INDUSTRY OF BANGLADESH. Indian Journal of Finance and Banking, 6(1), 73-85.
Regular Research Article/ Short Communication Article