Green Delta Insurance Company Limited

8/8/2019 Green Delta Insurance Company Limited

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An Appraisal of Green Delta Insurance

Company Limited



COMPANY BACKGROUND

Started their journey in 1st January 1986

Incorporated as public limited company on 14 December1985 under the companys act 1913 with a paid up capital

of BDT 30.00 million.

After 23 years GDIC became a big family of

20 respected board members

12 dedicated senior management members

500+ committed staff

Numerous valued clients

Thousands of esteemed shareholders with a paid up capital of BDT204.12 million as on 31st December 2008

Established a strong network of 34 branches in six different zonesacross the country



PRINCIPAL ACTIVITIES OF GREEN DELTAINSURANCE COMPANY LIMITED



PRODUCT & SERVICES

Corporate

Financial

Traditional

Conventional

Takaful (Islamic)

Investment & Portfolio Management



CORPORATE

Risk Management

Industrial All Risk Insurance including Machinery Insurance

and Business Interruption

Property All Risks Insurance including Business interruption

Electronic Equipments and Computer insurance

Professional Indemnity Insurance

Corporate Hospitalization cover

Corporate Overseas Health policy

Comprehensive Machinery Insurance

Product Liability Insurance



FINANCIAL

Portfolio cover

Credit card Protection Insurance

Bankers Blanket Insurance

Money Insurance

A.T.M. Booth Insurance

CASH-IN-SAFE, CASH-IN-TRANSIT &

CASH-ON-COUNTER Insurance

Ideality Bond



TRADITIONAL

Fire and Allied Perils Insurance

Marine Cargo and Hull Insurance

Aviation Insurance

Automobile Insurance

Personal Accident, Miscellaneous Insurance

Engineering Insurance (Erection all Risk, Contractors all Risk,

Deterioration of Stock & Boiler & Pressure Vessel Insurance)

Health (Hospitalization) Insurance

Overseas Mediclaim Insurance



CONVENTIONAL

Fire & Allied Perils Insurance

Marine Cargo & Hull Insurance

All types of Aviation Insurance

All types of Automobile Insurance

All types of Accident, Miscellaneous & Liability Insurance

All types of Engineering Insurance



TAKAFUL (ISLAMIC):

All types of (non life) Takaful Products

INVESTMENT & PORTFOLIO MANAGEMENT

Underwriting

Pre-IPO placement Syndicate

Trusteeship



FIXED PROPERTY

Fire & Allied.

Burglary & House Breaking.

Industrial all risk.

Machinery Breakdown.

Contractors all risk

Erection all risk.

Deterioration all risk.



MOVEABLE PROPERTY

Marine Hull.

Marine Cargo.

Vehicle.

Aviations.

Cash in Transit.



PERSONAL

Health.

Personal Accident.

Hospitalization.

Dread disease.



LIABILITY

Fidelity.

Workers compensation.

Public Liability.



ANALYSIS OF THE FINANCIAL

PERFORMANCE GDIC

Total capital structure

(GDIC) started its journey almost two and half decades agowith a paid up capital of BDT 30.00 million

GDIC followed a consistent approach in terms of raising the

capital base and lately declared 100% stock dividend mark

in the year 2008.

GDICL is the first ever insurance company in the country to

raise it's paid up capital to BDT. 400.00 million



PAID UP CAPITAL



SHAREHOLDING STRUCTURE

(CONTD.)



PREMIUM RECEIVED

Source: Annual report (2008) of Green Delta Insurance CompanyLimited



GROSS PREMIUM RECEIVED



SETTLEMENT OF CLAIM



TOTAL RESERVE



NET INCOME



BOOK VALUE PER VALUE



DIVIDEND

Year Dividend in Taka% of Cash

Dividend

2004 24.0010%

2005 43.200%

2006 45.4030%

2007 75.6015%

2008 204.12

0%



CREDIT RATING:



PROBLEMS OF GDIC

Insurance company default risk and state guaranty

associations

Insurance insulates too much

Religious concerns

Poor financial position of the insurance companies

Complexity of insurance policy contracts

Higher cost of business

Lack of supervision from the government



SUGGESTION FOR THE

DEVELOPMENT OF GDIC

Government has some rules and regulation regarding the

policies of insurance companies.

Green Delta should keep their promises to their customer andensure the facilities of the customer.

Government should have a regulatory body for the surveillance

on insurance companies

Green Delta should make the people aware of the utility and

prospects of buying insurance.

Green Delta should ensure the standard quality services to

satisfy the customer demand and need.



THANK YOU

Green Delta Insurance Company Limited

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