Shafiqul Islam, Kamrul Ahsan appointed as new IDRA members

Mohammad Shafiqul Islam and Mohammad Kamrul Ahsan have been appointed as members of the Insurance Development and Regulatory Authority (IDRA) for three-year terms, with Shafiqul Islam taking charge of the law portfolio and Kamrul Ahsan the non-life portfolio.
The Financial Institutions Division of the Ministry of Finance issued separate notifications on 17 October, signed by its Deputy Secretary Mohammad Abraoul Hasan Majumder.
Both appointments are on a contractual basis under Section 5(2) of the Insurance Development and Regulatory Authority Act, 2010. The appointees must sever their employment ties with other institutions and organisations before assuming office. Their salaries, allowances and other benefits will be determined through contracts with the government.
Former senior district and sessions judge Tanzina Ismail served as IDRA member (Law) from 2 December 2024, until her resignation on 22 September this year.
Earlier, IDRA member (non-life) Mohammad Abu Bakar Siddique resigned on 27 September, less than a year after his appointment on 2 December last year.
Four other IDRA members, Biswajit Bhattacharya, Md Dalil Uddin, Md Nazrul Islam and Kamrul Hasan, resigned on 7 November 2024, following instructions from the interim government.