financial services authority regulates the insurance industry in the uk.
financial services authority regulates the insurance industry in the uk.
who regulates the insurance industry in the uk?
financial services authority
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during that era, all insurance documents were in english. as a result of his love for the mother tongue, buksh was instrumental in translating all paperwork related to the insurance industry into bengali, including booklets and premium records. buksh, often called a “wizard of insurance,” transformed insurance into a social movement. he was credited with employing more bengalee people in the insurance industry than anyone before him. from 1951 to 1967, the number of new insurance policy holders changed drastically from almost none to a sizeable portion of the population. the number of policies written by the efu in 1967 was almost 40 percent of the total policies written by all pakistani insurance companies, thereby increasing the revenues of the insurance industry and leading to the growth of capital and investment opportunities in the country. this development in the insurance industry signaled a significant shift in the culture: the life insurance industry had overcome ingrained religious beliefs in less than two decades. fundamentalist propaganda diminished and "people of all backgrounds and income levels stopped viewing insurance as an invitation for their early demise and began to see it as protection for their families." members of the general population who had once avoided insurance agents now came forward with the intent of buying insurance policies. this success was the realization of the national awareness campaigns on life insurance by buksh from the beginning of his career. according to buksh: buksh is recognized as having "popularized life insurance in east pakistan among the intellectuals" and transformed insurance into a "respectable profession."
khuda buksh