In this report, we have tried to give an overview on Janata Insurance Company Ltd. How the company...
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Transcript of In this report, we have tried to give an overview on Janata Insurance Company Ltd. How the company...
WELCOME
TEAM ALPHABET
Group MembersShabab Jan Chowdhury
Shefaz Been Rahim
Anika Tabassum
Md. Ashikuzzaman
Asif
Shihab Bin Kabir
JANATA INSURANCE LTD.First generation Non-life Insurance Company
Founded 23rd September, 1986
30 Million to 1000 Million
IPO 1994
Rights Shares 2011
Ownership
Sponsors Directors, 54.53%
General Pub-lic, 45.47%
MissionOperate accord to the law
Sound & Dependable Image
National Growth
Excellency in Customer service
Growth
Innovation in products & services
Deliver optimum level value
Social Obligation
Vision
Products & Coverage
Misc. Insuranc
e
Marine Insuranc
e
Motor Insuranc
e
Eng. Insuranc
e
Fire Insuranc
e
Steps performed in Claim Settlement
Appointment of Surveyors
Submission to Claim
Committee for
consideration
Transfer to
Reinsurer
Scrutinizing Survey Report,
Policy and its
enclosures
Procedures in Submitting a Claim
Informing Insurer in
written format Insurance Certificate &
Policy
Submission of supporting
papers
Courses of Action Taken by the Company
Settling Claim
A letter of
Information
Engaging Surveyor
Verifying Policy
& Certificates
Dispute Between Company & Clients
Complain to IDRA
IDRA verification
Court
Policies Sold in 2015
Fire12%
Marine23%
Motor63%
Misc.2%
Basic Challenges, Barriers
Unhealthy Competition
Market, Operational & Reputation Risks
Implementing & Managing Risk tools
Major OpportunitiesOpening up New Branches.
Implementing new strategies i.e. Marketing, HR policies etc.
Introduction of New Products.
Promotion of Marketing employees.
Peoples Opinions
Interview 1Saving Money.
16000Tk per year.
Shoe & Leather cost.
Knowledge Barriers.
Interview 2Like DPS.
Adequate for poor people.
Companies Selling false policies.
Premium Payment.
Interview 3Little Interest.
Not effective.
Companies Selling false policies.
Legal Issues.
Interview 4Risk Reduction.
Casualty Insurance.
Premium Issues.
Participations of Companies.
Interview 5Safety Measurement.
Life Insurance Most Important.
Shikkha Britti Insurance.
GDP growth boost.
RecommendationsTransparency &
Solvency in Operations.
Support from IDRA.
Strong Legal System.
Preventing Fraudulent Org.
Govt. Support.
Systematic & Effective Control System.
