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The WORLD BANK(WB) has issued a Tender notice for the procurement of a Market Assessment of the Insurance Sector in Bangladesh in the Bangladesh. This Tender notice was published on 02 Jun 2026 and is scheduled to close on 09 Jun 2026, with an estimated Tender value of Refer Document. Interested bidders can access detailed Tender information, eligibility criteria, and complete bidding documents by referencing TOT Ref No. 142451472, while the tender notice number is 0002022410 and Registering on the platform.
Procurement Summary
Country: Bangladesh
Summary: Market Assessment of the Insurance Sector in Bangladesh
Deadline: 09 Jun 2026
Posting Date: 02 Jun 2026
Other Information
Notice Type: Tender
TOT Ref.No.: 142451472
Document Ref. No.: 0002022410
Competition: ICB
Financier: World Bank (WB)
Purchaser Ownership: Public
Tender Value: Refer Document
Purchaser's Detail
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Email: Login to see tender_detailsLogin to see details Tender Details The objective of this assignment is to undertake a comprehensive market assessment of the insurance sector in Bangladesh, with a specific focus on non‑life insurance, to inform actionable interventions that can strengthen market development, inclusivity, and operational efficiency.The assessment will emphasize on the following two priority segments, while applying a cross‑cutting gender and climate lens throughout the analysis:1) Agriculture 2) MSMEsIn pursuit of this objective, the selected firm will be expected to:Develop a robust diagnostic of the insurance sector landscape, identifying key structural, regulatory, operational, and market level challenges faced by private insurers, with in depth analysis of the agriculture and MSME segments.Apply a gender and climate lens to assess the insurance needs of women led enterprises, evaluate climate risk coverage gaps, and identify opportunities to strengthen resilience through appropriate insurance solutions.Assess demand drivers, quantify insurance protection gaps, and identify requirements for tailored product design, delivery channels, and digital solutions to enhance market penetration and inclusivity.Identify challenges in the design, pricing, market and rollout of insurance products for Agriculture and MSMEs, and identify.Review successful cases in other countries in the region where non-life insurance products targeting MSMEs and Agriculture have been rolled out.Identify key success factors in those cases and reflect on how those could be replicated in the Bangladeshi market.Develop a targeted value proposition, including key success factors learned from other programs, to guide IFC-s strategic engagement in the priority segments, including potential areas for advisory and investment support to the insurance companies.Provide high level, actionable recommendations for private insurers to address identified market gaps, improve operational efficiency, and leverage digital and innovative business models.Support kn... Documents TOR-Market-Assessment-of-Insurance-Sector-in-Bangladesh_June-2026.pdf
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