Bangladesh Insurance Academy

What Bangladesh Insurance Academy does

Bangladesh Insurance Academy (BIA) is a government-run professional training institute operating under the Financial Institutions Division of Bangladesh's Ministry of Finance, headquartered at 53 Mohakhali, B/A, Dhaka-1212. It functions as the country's primary institution for formal insurance education, delivering the Associate of Bangladesh Insurance Academy (ABIA) certification in Life and Non-Life specializations, a foundational Certificate Stage program, a Diploma in Actuarial Science (DAS), and ACII preparation in partnership with the Chartered Insurance Institute (CII) of London. Course operations run on a bi-annual cadence with May and October examination sessions, supported by an online student portal at 182.48.90.42 that handles e-registration, examination applications, and counseling-class enrollment.

The Academy's product portfolio also includes tailor-made corporate training programs delivered to banks (Pubali Bank PLC, Standard Chartered Bank), insurance companies (Pragoti Insurance, Reliance Insurance, Homeland Life), Bangladesh Armed Forces commissioned officers, and survey firms (Saybolt Adjusters). Supporting offerings include a long-running Insurance Journal (volumes 62-68), a periodic newsletter (BIA Barta), a research program covering crop, health, life, and rural insurance, and the Tyser Award Fund scholarship mechanism backed by donations from M/S Tyser & Company, London since 1987.

Revenue is generated through course registration fees, examination fees, counseling-class fees, and bespoke corporate training contracts. A notable 2025 collaboration with UNDP introduced a Training Programme in Inclusive Insurance aimed at building a master trainer pool for SDG-aligned microinsurance education. BIA distributes its offerings exclusively within Bangladesh through its government portal (bia.gov.bd), the Bangladesh National Information Portal, direct institutional outreach, and on-site corporate training delivery. The Academy is governed by a Board of Governors drawn from the insurance industry, regulatory bodies, and government, with the Director serving as principal executive officer.

Name

Bangladesh Insurance Academy

Legal name

Bangladesh Insurance Academy

Website

https://bia.gov.bd

Company type

Private

Founded year

1987

Operating status

Operating

Short description

Bangladesh Insurance Academy is a government-run training institute under Bangladesh's Ministry of Finance that delivers professional insurance certifications (ABIA, ACII), actuarial diplomas, and corporate training to insurance professionals, banks, armed forces, and actuarial students in Bangladesh.

Ownership category

akta.pro rank

Product category

Insurance Education and Professional Training

NAICS

Colleges, Universities, and Professional Schools (6113)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Insurance (EDABALAQ)

akta.pro secondary industries

Insurance (EDAAAPAH), Insurance Licensure & Designation Prep (Life/Health/Property & Casualty, Series insurance exams) (EDANAIAI)

Keywords

• Insurance education
• Professional certification
• Actuarial science training
• Bancassurance training
• Insurance research

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Revenue model

1. Course Registration Fees: Fees charged for Associate of Bangladesh Insurance Academy (ABIA) courses, counseling classes, and examination applications through online portal
2. Professional Training Programs: Tailor-made courses for insurance organizations, banks, and armed forces commissioned officers
3. Tyser Award Fund Scholarships: Donations received from M/S Tyser & Company, London since 1987; Tk. 29,00,000 distributed as scholarships to top performers

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Bangladesh Insurance Academy delivers professional insurance education and certification through its ABIA (Associate of Bangladesh Insurance Academy) program, Diploma in Actuarial Science, Certificate and Associate Stage programs, and the international ACII qualification offered in partnership with the Chartered Insurance Institute, London. It also provides tailor-made corporate training programs for banks, insurance companies, and armed forces commissioned officers, alongside insurance research and academic publications. Courses are conducted in May and October examination cycles with online registration via an internal student portal.

Product overview

Bangladesh Insurance Academy operates as a government training institute under the Financial Institutions Division, Ministry of Finance, offering a comprehensive portfolio of insurance education programs. The core offerings include the ABIA (Associate of Bangladesh Insurance Academy) professional certification in Life and Non-Life specializations, the Certificate Stage foundation program, and the Diploma in Actuarial Science (DAS). International credentials are supported through the ACII program in partnership with London's Chartered Insurance Institute. The academy provides specialized tailor-made courses for corporate clients and conducts regular seminars and workshops on topics including Bancassurance and Inclusive Insurance. Supporting products include the Insurance Journal publication, the Tyser Award Fund scholarship, and comprehensive research programs in insurance domains. All programs follow the published Course Calendar with May and October examination cycles.

Differentiator

Problem solved

Functional benefit

Products and services

• Associate of Bangladesh Insurance Academy (ABIA)
• Diploma in Actuarial Science (DAS)
• ACII (Associate of Chartered Insurance Institute) Program
• Certificate Stage Program
• Associate Stage Program

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Pubali Bank PLCminorStrategic or Co-development Partner · 28 April 2026Bancassurance training course conducted with Pubali Bank PLC on April 28, 2026. The program enables bank staff to understand insurance distribution through banking channels.
• United Nations Development Programme (UNDP)coreStrategic or Co-development Partner · 21 April 2025Training Programme in Inclusive Insurance conducted in collaboration with UNDP. The partnership aims to create a master trainer pool and provide training, curriculum, evaluation framework, and educational materials. The initiative is supported by international experts and trainers in the insurance sector to increase institutional capacity for achieving Sustainable Development Goals (SDGs) and reducing poverty.
• Standard Chartered Bank (SCB)minorStrategic or Co-development PartnerCertificate giving ceremony conducted with SCB for training programs at the Academy. Partnership for bancassurance and insurance professional development.
• Bangladesh Army, Navy, Air ForceminorStrategic or Co-development PartnerTailor-made training courses arranged for commissioned officers of Army, Navy, and Air Force. Programs customized to meet specific requirements of armed forces personnel.
• Chartered Insurance Institute (CII), LondoncoreStrategic or Co-development PartnerForeign Education Programme offering ACII (Associate of Chartered Insurance Institute) certification. BIA serves as examination center and provides coaching, course materials, and guidance for international certification.

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• LOMA (LIMRA): US-based international insurance and financial services training organization offering industry-standard designations (FLMI, ACS). Comparable as a globally recognized insurance education provider, though oriented toward life insurance and financial services.
• Chartered Insurance Institute (CII): UK-based global professional body for the insurance and financial planning industry, awarding the ACII credential that BIA helps deliver in Bangladesh. Functions as both a partner and broader incumbent in insurance certification worldwide.

Emerging players

• International Insurance Society (IIS): Global membership organization that promotes insurance education and leadership development through seminars, research, and academic programs. Comparable in its focus on insurance education and research, though more international and less certification-driven than BIA.
• ANZIIF (Australia and New Zealand Institute of Insurance and Finance): Regional insurance professional body offering certifications, continuing education, and training across Australia, New Zealand, and Asia-Pacific. Comparable in scope and structure, with a strong Asia-Pacific presence that overlaps with BIA's geography.

Direct peers

• Insurance Institute of India (III): India's premier insurance education body conducting licentiate, associate, and fellowship examinations (similar in structure to BIA's ABIA). It is the closest direct analogue — a national professional certification authority for insurance — and competes for the same South Asian talent pool.
• Malaysian Insurance Institute (MII): National insurance training and professional certification body in Malaysia offering insurance licensing exams, professional development, and tailored corporate programs. Comparable to BIA in its role as the country's primary insurance education institute.
• National Insurance Academy (NIA), Pune: Government-promoted insurance training and research institution in India, operating as the premier center for insurance education in South Asia. Directly comparable to BIA as a country-level academy offering professional certification, research, and tailored corporate training for the insurance industry.
• Singapore College of Insurance (SCI): Singapore's dedicated insurance training institute offering professional certifications (including ANZIIF and CII pathways), corporate training, and continuing education. Directly comparable to BIA's mandate of professional insurance certification and corporate programs.

Others

• African Insurance Organisation (AIO): Continental insurance association supporting capacity-building, training, and research across African insurance markets. Comparable as an industry-level training enabler, though focused on a different region and acting more as an association than a certification body.

Regional players

• College of Insurance (South Africa): South Africa's dedicated insurance education and training body offering professional qualifications and corporate programs. Comparable as a country-level insurance academy, though operating in a different regional market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/BangladeshInsuranceAcademy.OfficialPage

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bangladesh Insurance Academy