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Principle of Insurance Presented to Ms. Fahmida Ahmed Lecturer, FBA, USTC 03/15/22 1 Presented by Mehedi Hasan Roll 1114 Group name - Keen Orbit 7th Semester [email protected]
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Principle ofInsurance
Presented to
. Ms Fahmida Ahmed, , Lecturer FBA USTC
04/15/23 1
Presented by
Mehedi HasanRoll 1114
Group name - Keen Orbit7th Semester
Objectives of the Study
To gather comprehensive knowledge on insurance activities.
To analyse the business performance of Prime Insurance Company Lemited.
04/15/23 [email protected]
INSURANCE
• A contract (policy) in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.
04/15/23 [email protected]
Introduction
• Prime Insurance Company Limited is a second generation private sector Non-life Insurance Company. It is a well-known, trusted and leading name in the general Insurance sector of the country. Prime insurance Company was incorporate as public limited company on 21 March 1996 under Companies Act 1994. The Company is listed with Dhaka Stock Exchange and Chittagong Stock Exchange as a publicly traded Company. The Company carries its insurance activities through nineteen branches spread across the country.
04/15/23 [email protected]
• Vision
They envision being the leading insurer by maintaining the highest standards of service in all areas of our work in order to uphold their status as one of the market leaders in the insurance industry of Bangladesh.
04/15/23 [email protected]
• Mission Providing world class service with supreme
security to our clients Increasing awareness about insurance in the
country Enhancing public confidence in the insurance
industry Introducing modern insurance products
comparable with international standards Emerge as an innovative insurer by providing
complete risk management solutions to the clients04/15/23 [email protected]
Product & service
• Fire insurance• Marine Insurance• Marine Hull• Motor Insurance• Engineering insurance• Miscellaneous insurance
04/15/23 [email protected]
Business Performance in 2013
• Prime insurance , one of the 1st generation company was established in 1994 and stepped into 19 years of its successful operation. The company worked to bilateral with clients that helped to increase business and underwriting profitability significantly. Continuing affrehenssive business policy in 2013 was highest ever since inception . The company earned gross premium of TK.485.63 million during the year as against Tk. 396.7 million in the previous year registering a growth of 22.41% over the last year.
04/15/23 [email protected]
04/15/23 [email protected]
