An Appraisal of Green Delta Insurance

Company Limited
 COMPANY BACKGROUND
 Started their journey in 1st January 1986
 Incorporated as public limited company on 14 December
1985 under the company’s act 1913 with a paid up capital
of BDT 30.00 million.
 After 23 years GDIC became a big family of
 20 respected board members
 12 dedicated senior management members
 500+ committed staff
 Numerous valued clients
 Thousands of esteemed shareholders with a paid up capital of BDT
204.12 million as on 31st December 2008
 Established a strong network of 34 branches in six different zones
across the country
 PRINCIPAL ACTIVITIES OF GREEN
DELTA INSURANCE COMPANY LIMITED
 PRODUCT & SERVICES

 Corporate

 Financial

 Traditional

 Conventional

 Takaful (Islamic)

 Investment & Portfolio Management

 CORPORATE

 Risk Management
 Industrial All Risk Insurance including Machinery Insurance
and Business Interruption
 Property All Risks Insurance including Business interruption
 Electronic Equipments and Computer insurance
 Professional Indemnity Insurance
 Corporate Hospitalization cover
 Corporate Overseas Health policy
 Comprehensive Machinery Insurance
 Product Liability Insurance
 FINANCIAL

 Portfolio cover

 Credit card Protection Insurance

 Bankers Blanket Insurance

 Money Insurance

 A.T.M. Booth Insurance

 CASH-IN-SAFE, CASH-IN-TRANSIT &

 CASH-ON-COUNTER Insurance

 Ideality Bond
 TRADITIONAL

 Fire and Allied Perils Insurance

 Marine Cargo and Hull Insurance
 Aviation Insurance
 Automobile Insurance
 Personal Accident, Miscellaneous Insurance
 Engineering Insurance (Erection all Risk, Contractors all Risk,
 Deterioration of Stock & Boiler & Pressure Vessel Insurance)
 Health (Hospitalization) Insurance
 Overseas Mediclaim Insurance
 CONVENTIONAL

 Fire & Allied Perils Insurance

 Marine Cargo & Hull Insurance

 All types of Aviation Insurance

 All types of Automobile Insurance

 All types of Accident, Miscellaneous & Liability Insurance

 All types of Engineering Insurance

TAKAFUL (ISLAMIC):
 All types of (non life) Takaful Products

 Underwriting
 Pre-IPO placement Syndicate
 Trusteeship
 TYPES OF INSURANCE
OFFERED
 Fixed property
 Moveable Property
 Personal
 Liability
 FIXED PROPERTY

 Fire & Allied.

 Burglary & House Breaking.
 Industrial all risk.
 Machinery Breakdown.
 Contractors all risk
 Erection all risk.
 Deterioration all risk.
 MOVEABLE PROPERTY

 Marine Hull.
 Marine Cargo.
 Vehicle.
 Aviations.
 Cash in Transit.
 PERSONAL

 Health.
 Personal Accident.
 Hospitalization.
 Dread disease.
 LIABILITY

 Fidelity.
 Workers compensation.
 Public Liability.
 ANALYSIS OF THE
FINANCIAL PERFORMANCE
GDIC

Total capital structure

 (GDIC) started its journey almost two and half decades ago
with a paid up capital of BDT 30.00 million
 GDIC followed a consistent approach in terms of raising the
capital base and lately declared 100% stock dividend mark
in the year 2008.
 GDICL is the first ever insurance company in the country to
raise it's paid up capital to BDT. 400.00 million
PAID UP CAPITAL
SHAREHOLDING
STRUCTURE
SHAREHOLDING STRUCTURE
(CONTD.)
 PREMIUM RECEIVED

Source: Annual report (2008) of Green Delta Insurance Company

Limited
GROSS PREMIUM
RECEIVED
SETTLEMENT OF CLAIM
TOTAL RESERVE
NET INCOME
7 EARNINGS PER SHARE
BOOK VALUE PER VALUE
 DIVIDEND
% of Cash
Year Dividend in Taka
Dividend
10%
2004 24.00
0%
2005 43.20
30%
2006 45.40
15%
2007 75.60
0%
2008 204.12
CREDIT RATING:
 PROBLEMS OF GDIC

Insurance company default risk and state guaranty

associations
Insurance insulates too much
Religious concerns
 Poor financial position of the insurance companies
Complexity of insurance policy contracts
Higher cost of business
Lack of supervision from the government
 SUGGESTION FOR THE
DEVELOPMENT OF GDIC
 Government has some rules and regulation regarding the policies
of insurance companies.

 Green Delta should keep their promises to their customer and

ensure the facilities of the customer.

 Government should have a regulatory body for the surveillance on

insurance companies

 Green Delta should make the people aware of the utility and
prospects of buying insurance.

 Green Delta should ensure the standard quality services to satisfy

the customer demand and need.
THANK YOU