...Historical Background of insurance Industry in Bangladesh Insurance is not new business in Bangladesh. Almost a century back, during Britishrule in India, some insurance companies started transacting business, both life andgeneral, in Bangal.Insurance business gained momentum in East Pakistan during1947-1971, when 49 insurance companies transacted both life and general insuranceschemes. These companies were of various origins like British, Australian, Indian,West Pakistan and local. Ten insurance companies had their head offices in EastPakistan, 27 in West Pakistan, and rest elsewhere in the world. These were mostlylimited liability companies. Some of these companies were specialized on dealing in a particular class of business, while others were composite companies that dealt in morethan one class of business. Present position of insurance business in Bangladesh In Bangladesh, the Insurance business, after and early stage of dislocation, adventureand experimentation through half a century has now being established as a nascentindustry distributed between the public and private sectors. Insurance businessevolved in the Indian subcontinent late in nineteenth century when several businesscompanies started their business and a few Christian missionaries began to operatemutual funds to serve their own community members. From Bangladesh perspectiveinsurance business was not a promising sector in its early age but it is getting it’s paceday by day with the growth of overall economic...
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...n bChapter 1: Introductory Parts 1.1 Introduction Insurance is essentially a collective endeavor under which a large number of individuals agree to share the loss which a few of them would incur in future. This means insurance protects those unfortunates who suffer heavy financial impact of anticipated misfortunes by distributing the loss among many who are exposed to the risk of similar misfortunes. The process insurance has been evolved to safeguard the interests of people from uncertainty by providing certainty of payment at a given contingency. The insurance principle comes to be more and more used and useful in modern affairs. Not only does it serve the loss/damage of any losses it also provide financial benefits to the individual for death or at the end of a time period. 1.2 Background of the study This report has been prepared as requirement of the Insurance and Risk Management course. The study of the report was based upon the overall insurance company’s problem and prospects in Bangladesh. We, THE WHIZKIDS group, were duly approved by our course teacher Kazi Raihan Uddin sir. This study will help us to identify the insurance business problem and prospects. 1.3Literature Review Uninsured risk leaves poor households vulnerable to serious or even catastrophic losses from negative shocks. It also forces them to undertake costly strategies to manage their incomes and assets in the face of risk, lowering mean incomes earned. Welfare costs due to shocks and foregone...
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...[pic] A Term Paper On ANNUITY, PROBLEMS AND PROSPECTS OF INSURANCE BUSINESS IN BANGLADESH Course Title: INSURANCE AND RISK MANAGEMENT Course Code: MKT-224 Submitted to: Dr. Md. Abul Kalam Azad Professor Department of Marketing University of Dhaka Submitted by: UNICORN Date of submission: 24th November, 2014 Group Profile |Serial |Name |Roll | |1 |Md. Shahin Hossain |04 | |2 |S.M. Fahim Uddin |20 | |3 |G.M. Sohel Bari |56 | |4 |Tapan Mandal |78 | |5 |Rony Mollah |90 | |6 |Md. Ariful Islam |92 | |7 |Sharmin Akter ...
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...INTRODUCTION: This report has been prepared as a requirement of the insurance and risk management course. The report was based upon the overall insurance company’s problems and prospects in Bangladesh. . It can be defined as a co-operative device to spread the loss caused by a particular risk over a number of persons who are exposed to it and who agree to ensure themselves against that risk. It is a contract whereby the insurers, on receipt of a consideration known as premium, agree to indemnify the insured against losses arising out of certain specified unforeseen contingencies or perils insured against. It can play an important role in a country’s economy. It is an old form of financial practice of sharing risk, which was introduced in this area in mid-18 the Century. DEFINITION OF INSURANCE: In legal terms, insurance is a contract of uberrima fideism, i.e. a contract of utmost god faith. Here both the parties namely insurer (insurance company) and insured (policy holder) must be honest and disclose all material facts about the insurable interest. Here the insurance company undertakes to indemnify the insured against any loss in lieu of a small charge known as premium. Such as insurance policies except life insurance allows a policy-holder to transfer all risk to the insurance company in exchange of paying a certain amount of premium. INSURANCE IN BANGLADESH In Bangladesh, the Insurance business, after and early stage of dislocation, adventure and experimentation...
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...Internship Report “The Insurance Act 2010 for Non-life Insurance; Problems & Prospects of Peoples Insurance Company Limited” Submitted To: Sharmin Shabnam Rahman Lecturer BRAC Business School, BRAC University Prepared & Submitted By: Name Shamima Aktar Student ID 08104057 Date of Submission: May 20 , 2012 “The Insurance Act 2010 for Non-life Insurance; Problems & Prospects of Peoples Insurance Company Limited” ii Letter of Transmittal May 20, 2012 Sharmin Shabnam Rahman Lecturer, BRAC Business School, BRAC University Subject: Submission of Internship Report (BUS-400). Dear Madam, With due respect, I would like to inform you that, I have completed my internship at Peoples Insurance Company Limited. Throughout the internship period, I have found the company getting ready to adopt with changes brought by the Insurance Act 2010. Hence, I chose ―The Insurance Act 2010 for non-life insurance; the Problems & Prospects of Peoples Insurance Company Limited‖ as the topic of my internship report. In order to prepare the report, I have collected required information through qualitative research and finally completed the report which is now ready to submit. It was really enjoyable to work on the report as it has provided me with an opportunity to know about realistic fact of the influence of Insurance Act 2010 on the overall operation of PICL. I have learned a lot about the non-life insurance industry after preparing this term paper and got...
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...FINANCIAL MARKET IN BANGLADESH 1. INTRODUCTION The financial system in South Asia is dominated by the banking system in terms of assets, or finance of private households and domestic companies; major financial institutions are banks. This is why financial instrument of the financial market of Bangladesh are bank dominated. But a developed and diversified financial system with a sound debt and equity market enhances risk pooling and risk sharing opportunities for investors and borrowers. This also provides a safety cushion for banks as it helps move a crisis outside the banking system making it easier for the government to stand back. Bond financing reduces macroeconomic vulnerability to shocks and systemic risk through diversification of credit and investment risks. A mature bond market helps develop the derivatives market thereby facilitating hedging mechanisms and enabling greater diversification of risks by participants. Also, the wide variety of instruments available in a developed debt market results in gains to savers and borrowers. Besides, the coexistence of a developed domestic bond market and banking system helps each to act as a backstop for the other. In Bangladesh, an efficient bond market can play a critical role in supplementing the banking system to meet the requirements of the corporate sector for long-term capital investment and asset creation. It can provide a stable source of finance when the equity market is volatile. The bond market in Bangladesh, however, is...
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.... [Online] DOI : 10.1111/j.1540-6229.2005.00120.x; MacGregor, BD. Professor Martin Hoesli | Staff Profile | The University of ... www.abdn.ac.uk/.../profiles/m.e.... - পাতাটিকে অনুবাদ করে দেখাও Results 1 - 50 of 56 - Personal profile of Professor Martin HOESLI, Chair in Accountancy at the University of ... University of Aberdeen Business School Working Paper Series, no. 08, vol. ... The Journal of Real Estate Finance and Economics, vol 44, no. ... Pacific Rim Property Research Journal, vol 14, pp. .... MacGregor, BD. Report on Real Estate Business in Bangladesh ... www.assignmentpoint.com/.../re... পাতাটিকে অনুবাদ করে দেখাও To highlight the Prospects of Real Estate Industry in Bangladesh to understand the current challenges of real estate business in Bangladesh. ... The scope of this research paper is not only to highlight the evaluation of ... Company Profile. Practice of Real Estate Business in Bangladesh: Prospects ... www.academia.edu/.../Practice_... পাতাটিকে অনুবাদ করে দেখাও The main focus of this research is the present...
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...on 10 May 1981 in Johor Bahru . In 2014, KPJ have 25 hospitals and over 3,026 licensed beds. KPJ have 1,062 medical consultant and 11,626 employees. It becomes the largest employer of private healthcare professionals in Malaysia. KPJ Healthcare Berhad catered to 280,648 inpatients and 2,533,882 outpatient in 2014. KPJ Healthcare Berhad is a member of Johor Corporation. The company was listed on the Main Board of Bursa Malaysia on 29 November 1994. KPJ is the only healthcare group in the country that is listed on the local bourse with the exception of TMC Life Sciences and StemLife which involve stem cell storage and related businesses. KPJ has expand its business internationally, KPJ have two hospitals in Indonesia, one hospital in Bangladesh and a sizeable share in a hospital in Thailand. The company also have 1 Retirement and Aged Care at Queensland, Australia and 2 in Malaysia which is located at Kuala lumpur. The main competitor of KPJ is IHH Healthcare Berhad who own Pantai and Gleneagles Hospitals and Ramsey Health Care who own Subang jaya Medical Centre (SJMC) Hospital and Columbia Asia hospital network. In 1991, the company diversified their business by starting its own nursing college. The Puteri Nursing College was the first in the country to offer the Diploma in Nursing Programme (PNC) which collaboration with the University of South Australia. Besides that, this college also offer Diploma in Health Sciences programmes (Pharmacy, Medical Imaging and Physiotherapy)...
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...Internship Report Impact of Credit Rating on Corporate and Banking Sectors of Bangladesh A Study based on Ratings of Credit Rating Agency of Bangladesh Limited (CRAB) Exam Roll: 091127 Internship Report on Impact of Credit Rating on Corporate and Banking Sector of Bangladesh A Study based on Ratings of Credit Rating Agency of Bangladesh Ltd. (CRAB) Prepared For: Chairman Internship Placement Committee Prepared by: Exam Roll Number: 019927 Class ID: 892 4th year, 8th semester Batch Number: 18th, BBA Program Academic Session: 2008-09 Institute of Business Administration (IBA-JU) Jahangirnagar University, Savar, Dhaka 1342 Date: 16.02.2013 Letter of Transmittal February 16, 2013 Chairman Internship Placement Committee Institute of Business Administration Jahangirnagar University Savar, Dhaka 1342. Subject: Submission of Internship Report Dear Sir, It is an event of great pleasure for me to prepare and present the internship report on ‘Impact of Credit Rating on Corporate and Banking Sectors of Bangladesh: A Study based on Rating of Credit Rating Agency of Bangladesh Limited (CRAB)’ which is a requirement for the completion of BBA program. In this report I have tried to identify different aspects of the credit rating service and its impact on the corporate and banking sectors of the country. I have tried my best to organize all relevant information and do according to the instructions of preparing...
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...Identifying and Analysing Underlying Problems of Shipbuilding Industries in Bangladesh 147 IDENTIFYING AND ANALYSING UNDERLYING PROBLEMS OF SHIPBUILDING INDUSTRIES IN BANGLADESH K. Shahriar Iqbal*, N. M. Golam Zakaria and Kh. Akhter Hossain Department of Naval Architecture and Marine Engineering, Bangladesh University of Engineering and Technology, Dhaka-100, Bangladesh *Corresponding email: iqbal.shahriar@gmail.com Abstract: Shipbuilding is considered to be a thrust sector in the economy of Bangladesh. But various problems are there to obstruct the development of this sector. This paper is aimed to identify the underlying problems and then analyze the nature of the problems to make it helpful overcoming the obstacles. A brief history and prospect of the shipbuilding industries in Bangladesh in the perspective of global scenario is also discussed. Key Words: Problem identification, shipbuilding industry, Shipyards. INTRODUCTION Bangladesh is a maritime nation with 1,66,000 sq. km area of sea, abundance with living and nonliving resources1. There are more than 200 rivers all around the country, with a total length of about 22,155 km, which occupy about 11% of total area of the country. Here rivers and water transports play a vital role for economical and commercial activities in Bangladesh. Major export and import of Bangladesh (about 85%) is also traveled by sea2. At present more than 5,000 inland/coastal ships have been plying all over the country, which carry more than...
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...of Shipbuilding Industries in Bangladesh Journal of Mechanical Engineering, Vol. ME 41, No. 2, December 2010 Transaction of the Mech. Eng. Div., The Institution of Engineers, Bangladesh 147 IDENTIFYING AND ANALYSING UNDERLYING PROBLEMS OF SHIPBUILDING INDUSTRIES IN BANGLADESH K. Shahriar Iqbal*, N. M. Golam Zakaria and Kh. Akhter Hossain Department of Naval Architecture and Marine Engineering, Bangladesh University of Engineering and Technology, Dhaka-100, Bangladesh *Corresponding email: iqbal.shahriar@gmail.com Abstract: Shipbuilding is considered to be a thrust sector in the economy of Bangladesh. But various problems are there to obstruct the development of this sector. This paper is aimed to identify the underlying problems and then analyze the nature of the problems to make it helpful overcoming the obstacles. A brief history and prospect of the shipbuilding industries in Bangladesh in the perspective of global scenario is also discussed. Key Words: Problem identification, shipbuilding industry, Shipyards. INTRODUCTION Bangladesh is a maritime nation with 1,66,000 sq. km area of sea, abundance with living and nonliving resources1. There are more than 200 rivers all around the country, with a total length of about 22,155 km, which occupy about 11% of total area of the country. Here rivers and water transports play a vital role for economical and commercial activities in Bangladesh. Major export and import of Bangladesh (about 85%) is also traveled...
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...The financial system of Bangladesh consists of nationalized commercial banks; government owned specialized banks, domestic private banks, foreign banks, 29 non-bank financial institutions (NBFI), merchant banks and insurance companies. . In order to ensure flow of term loans and to meet the credit gap, development of NBFIs is a compelling necessity for the economy. Although NBFIs have immense necessity and greater importance in the financial system of Bangladesh, they are severely suffering from some problems including the fund problem in terms of both availability and cost. The major business of most financial institutions (non-bank) in Bangladesh is leasing and term loans extended to various. The leasing sector, a vital segment of financial sector has contributed significantly over the year, in spite of many constrains like tremendous competition with the banking sector of the country, challenges and regulatory changes which are affecting adversely on the business. At present there are 21 leasing companies operating under license of Bangladesh Bank. The lease financing practices in Bangladesh have grown significantly within last few years. Competition among the leasing companies has grown stronger with the growth of the NBFIs, besides entrance of commercial banks in the lease financing market who have the advantage of lower costs of fund compared to the NBFIs. Among 21 leasing companies 17 are listed with the capital market. Leasing companies as NBFIs are facing some difficulties...
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...OFFSHORE ACCOUNTING - PROSPECT FOR BANGLADESH Introduction Global compaGlobalisation, stakeholder pressures, firm re-organisation, and changes in the political and regulatory environment present challenges and opportunities to firm finance and accounting functions to improve their value-add contributions to the business. One such opportunity is the offshore outsourcing of finance and accounting services. The business process outsourcing (BPO) market has grown substantially over the last decade and is expected to continue to increase rapidly. Offshore financial institutions can also be used for illicit purposes such as money laundering and tax evasion. Many countries, territories and jurisdictions have offshore financial centers (OFCs). These include well-known centers like Switzerland, Bermuda and the Cayman Islands, and less-well-known centers like Mauritius, Dublin and Belize. The level of regulatory standards and transparency differs widely among OFCs. Supporters of OFCs argue that they improve the flow of capital and facilitate international business transactions. ‘Outsourcing’ is the management and / or daily execution of a business function by a third-party service provider. Firms have been encouraged to outsource non-critical areas of business in order to focus on core competences (Quinn et al, 1990). There are many different outsourcing models, including the outsourcing of activities to firms in foreign ‘host country’ locations, which is called ‘offshoring’, and...
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...organization is to earn money or appropriate compensation. Compensation is the most important part or tool of any organization. Because, human body works for earning something. And this earning policy is combinedly known as compensation package. Typically the human resource department performs this policy. It is the most critical function of human resource management. Because the human resource manager always concerns to have the good environment within the organization by providing appropriate compensation to the workers. The compensation package has two main components: direct financial payments which include wages, salaries, incentives, commissions and bonuses and indirect financial payment which include financial benefits like employer paid insurance and vacations. Every organization has to focus on compensation package because not a single organization exists that does not provide the benefits to the workers. There is not a single person who works without payment in an organization. From this point of view compensation package is the most important policy of an organization. From recruitment to motivation every kind of HR functions are done for the sake of compensation. Like other organizations compensation package is most important subject matter of garments industry especially in Ready-made Garments sector. We know that, the earn to mouth people are working in the RMG...
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...E-banking in Bangladesh: An exploratory study on how the banks are adopting with e-banking E-banking in Bangladesh: An exploratory study on how the banks are adopting with e-banking Prepared for: Mr. Shubhankar Shil Assistant Professor School of Business Administration University of Liberal Arts Bangladesh Course Teacher Insurance and Leasing Prepared by: Muntasir Rashid Khan Student ID. 1268 BBA Program (1st Batch) Department of Finance & Banking JahangirnagarUniversity Savar, Dhaka-1342 March 08, 2012 Letter of Transmittal March 08, 2012 Mr. Shubhankar Shil Assistant Professor School of Business Administration University of Liberal Arts Bangladesh Subject: Submission of Term Paper Dear Sir: I have great pleasure to submit my required term paper on E-banking in Bangladesh: An exploratory study on how the banks are adopting with e-banking. I have provided my best effort to conduct this report. Now I am presenting my report for kind assessment and hope that it will fulfill your satisfaction. Any kind of suggestion or recommendation from your side will be highly appreciated. Thank you. Sincerely yours, |..................... | | | |Muntasir Rashid Khan | |Student ID. 1268 | BBA Program (1st Batch) Department of...
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