Typically, the premium for war coverage stands at 0.05 per cent, but re-insurers have recently increased it by an additional 0.175 per cent, bringing the total to 0.225 per cent.
Shahidullah Azim, vice president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), voiced apprehensions regarding the increasing insurance expenses.Typically, the premium for war coverage stands at 0.05 per cent, but re-insurers have recently increased it by an additional 0.175 per cent, bringing the total to 0.225 per cent.
Shahidullah Azim, vice president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), voiced apprehensions regarding the increasing insurance expenses.
