Green Delta Insurance Company Limited.

Marches With Time.

www.green-delta.com ©Green Delta Insurance Co.Ltd.

1

OUR SPEARHEAD

Mr.Nasir A Chowdhury.Managing Director & CEO.
“International WHO’S WHO of Professionals is a global organization which gives you the names of the most significant men and women who are contributing to a rising economy, a rising social life, a rising understanding of how the world can be brought to a world of stability”.

2

INSURANCE INDUSTRY.
Bangladesh General Insurance Market Is Followed By 1938 Act Vide Respective Tariff.

3

INSURANCE INDUSTRY.
Our Regulator “Department of Insurance” under Ministry of Finance. 43 Non Life Concern 17 Life Insurance Concern
4

INSURANCE INDUSTRY.

The insurance industry in Bangladesh was nationalized in 1972 when the country became independent and sovereign.

5

Nationalization.
• The reasons for nationalization was as follows: a)To diffuse the benefits of insurance to the large masses and also to the small income group through the extension of its operation to the rural areas of the country. b)To stop unsound insurance practices which were rampant in the insurance business of Pakistan.

6

INSURANCE INDUSTRY.
The Government formed two:

• Sadharan Bima Corporation (SBC) for general business & • Jiban Bima Corporation for life business.
7

Privatization.

Insurance Companies Act 1973 was amended in 1984 to allow insurance companies in the private sector to operate side by side with Sadharan Bima Corporation & Jiban Bima Corporation.

8

OUR VISION.
Our Vision is:  to mature in to sustainable, coherent organization,  raise competitiveness to the highest level in the insurance industry, maintain high profitability and balanced quantitative growth and  exceed customer’s expectation by offering legendary services, embrace a new corporate identity and creative corporate culture.

9

OUR MISSION.
Our Mission is to create shareholders value through customer’s satisfaction and employee’s commitment to excellence. &
Provide Maximum Security With Minimum Cost.

10

OUR STRENGHT.
Constant pursuit of suitable strategies has made the company the leading insurer of Bangladesh for over two decades.

(Since Inception)

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OUR BELIEF .
We believe that client must stand at the center of our all activities. We have the ability to optimally fulfill the clients needs based on risk management with minimum cost and personalized services.
12

SHARE HOLDING STRUCTURE.

51.57%

12.15%

36.28%

SPONSOR

INSTITUTIONS

GENERAL PUBLIC
13

CORPORATE PRODUCTS & SERVICES.

RISK MANAGMENT

ELECTRONIC EQUIPMENTS & COMPUTER INSURANCE.

PROPERTY ALL RISK INSURANCE INCLUDING BUSINESS INTERRUPTION.
CORPORATE HOSPITALIZATION COVER.

CORPORATE OVERSEAS HEALTH POLICY.
14

FINANCIAL PRODUCTS & SERVICES.

PORTFOLIO COVER.

BANKERS BLANKET INSURANCE.

CREDIT CARD PROTECTION INSURANCE.

MONEY INSURANCE.

FIDELITY BOND.

15

CONVENTIONAL PRODUCTS & SERVICES.

ALL TYPES OF FIRE & ALLIED PERILS.

ALL TYPES OF AVIATION INSURANCE.

ALL TYPES OF ENGINEERING INSURANCE.

INDUSTRIAL ALL RISK INSURANCE.

ALL TYPES OF AUTOMOBILE INSURANCE.

ALL TYPES OF HEALTH INSURANCE.

ALL TYPES OF MARINE CARGO & HULL INSURANCE.

ALL TYPES OF ACCIDENT,MISCELLANEOUS & LIABILITY INSURANCE.

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TAKAFUL (ISLAMIC).

ALL TYPES OF (NON LIFE) TAKAFUL PRODUCTS.

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INVESTMENT & PORTFOLIO MANAGEMENT.

UNDERWRITING, PRE-IPO PLACEMENT SYNDICATION, TRUSTEESHIP.
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Key Milestones

1985 INCORPORATION OF THE COMPANY.

19

Key Milestones

January 1st 1986 Commencement of the Business

January 2nd 1986 Signing of First Insurance Business.

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Key Milestones

August 19,1989 Received consent from Controller of Capital Issues for issuance of Public Share BDT 30 Million

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Key Milestones

December 31,1989:Increase a paid up capital to BDT 60 Million.

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Key Milestones

1990 Listing with Dhaka Stock Exchange Ltd.

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Key Milestones

1995 Listing with Chittagong Stock Exchange Ltd.

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Key Milestones

1997 Investment in Delta Brac Housing as equity Share Holder.

25

Key Milestones

May 05,2004Issuance of Right Share.

26

Key Milestones

2004 Agreement sign with CDBL (CENTRAL DEPOSITORY BANGLADESH LTD.)

27

Key Milestones

June 7,2004 Invested In Jalalabad Telecommunication Limited.

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Key Milestones

2005 Capital Raised to BDT 108 Million.

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Key Milestones

2005 Formation of Green Delta Aims Limited a Joint Venture Construction Firm.

G

REEN DELTA AIMS LIMITED.

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Key Milestones

2005 Launching of Islamic Takaful Insurance.

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Key Milestones

May 12TH-2005 DSE Membership Purchased.

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Key Milestones
2005 Launching of Green Delta Financial Services Limited.

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Key Milestones

2006 Investment in BRAC Bank Preferred Share.

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Key Milestones

2006 Investment in United Hospital.

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Key Milestones

2006 Capital Raised to BDT 15.2 Million.

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Key Milestones

2008 Awarded “AA2”rating in the long term and ST-1 rating in the short term by CRAB.

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Key Milestones

Our Present Paid up Capital is BDT 408.24 Million.

38

Awards

Mr.Nasir A.Chowdhury, Managing Director & CEO of Green Delta Ins Co.ltd receiving the International Star for Leadership in Quality Award –2008 from Mr.Jose E. Pireto, President of BID (Business Initiative Directions). 23rd March of 2009.Beginning in the mid-1970's, B.I.D. began developing quality award programs based on the criteria of the QC·100, a model of Total Quality Management (TQM). The International Quality Award is recognized internationally as a pattern model.

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Awards

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OUR BRANCHES.

35 Branch Nationwide

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OUR SOLDIER .

24x7 Ready to act 600 mens trained & dedicated Personnel's.
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Capital-the Building Blocks .
BDT 450.00 BDT 408.24 BDT 400.00

BDT 350.00

BDT 300.00

BDT 250.00
BDT 204.12 BDT 200.00

BDT 150.00 BDT 108.00

BDT 100.00

BDT 60.00

BDT 50.00 BDT 30.00 BDT 0.00 1986-88 1989 2004 2007 2008

GDIC Started it’s journey almost two and half decades ago with the paid-up capital of BDT 30.00 Million under the companies act 1931.GDIC followed a constrain approach in terms of raising the capital base and lately declared 100% stock dividend mark in the year 2008.GDIC is the first ever insurance company in Bangladesh to raise it’s paid up capital to BDT.400.00 Million.

43

BUSINESS MIX
766.79

244.03

75.61 314.32

FIRE

MARINE

MOTOR

MISC

Fire Insurance continue to be the most dominant segment in the Business Mix, generating BDT 766.79 Million Followed by marine insurance BDT 314.32 Million ,motor Insurance BDT 75.61 Million and Miscellaneous insurance BDT 244.03 Million

44

GROSS PREMIUM INCOME GROWTH
BDT 1,600.00 BDT 1,400.00 BDT 1,200.00 BDT 1,000.00 BDT 800.00 BDT 600.00 BDT 400.00 BDT 200.00 BDT 0.00

BDT 1,400.75
BDT 1,109.25 BDT 762.70 BDT 631.60 BDT 515.30

2004

2005

2006

2007

2008

GDIC achieved a strong profitability growth in the year 2008.The Gross premium income has increased from BDT 1109.25 Million to Tk.1400.75 Million which is 27% higher than the previous year reflecting GDCI’s objective of Maximizing its shareholders wealth.

45

NET CLAIMS.
140.00 120.00 100.00 80.00 60.00 40.00 20.00 0.00 55.30 51.70 117.23 117.04 92.60 2008

2007 2006
2005 2004

2008

2007

2006

2005

2004

In 2008 GDIC settled net claims of BDT 117.23 million which is Almost equal to the last year.
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FINACIAL STAT AT A GLANCE.

Particulars Gross Premium Income Net Premium Income

Year 2008 (IN Million) 1400.75 627.21

Year 2007 (IN Million) 1109.2 451.00

Year 2006 (IN Million) 762.7 327.20

Net Claims Underwriting Profit
Profit After Tax Dividend (Cash & Stock) Total Assets Total Liability

117.23 106.16
245.07 100% 2872.50 1153.83

117.00 42.30
118.00 50% 1698.4 870.5

92.60 36.60
48.10 30% 1227.9 641.7

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CORPORATE SOCIAL RESPONSIBILITY.

Managing Director & CEO is handing over a cheque to the Former Chief Advisor’s relief and Welfare Fund for SIDR victims.

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CORPORATE SOCIAL RESPONSIBILITY.

Managing Director & CEO is handing over a cheque to Narikantha Foundation.
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CORPORATE SOCIAL RESPONSIBILITY.

Farid A.Chowdhury Addl Managing Director is Inaugurating the 2nd Green Delta Golf Tournament-2008
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CORPORATE SOCIAL RESPONSIBILITY.

Green Delta Insurance Company is the Official sponsor of 1st Division and 2nd Division Hockey League since 1987.Deputy Managing Director,Nazim Tazik Chowdhury is inaugurating 1st Division hockey league 2008.

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CORPORATE SOCIAL RESPONSIBILITY.

Mr.Nasir A.Chowdhury, Managing Director & CEO of Green Delta Ins Co.ltd is cutting ribbon for opening of the renovation work of Gulshan Club Swimming Pool.

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CORPORATE SOCIAL RESPONSIBILITY.

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THEY TRUST US...

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THEY TRUST US...

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THEY TRUST US...

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So…

Let Us March With the Time
&

Move On……
57

Thank You
58

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