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.