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Asia Insurance Essay

3644 words - 15 pages

Table of content:

Cover page:……………………………………………………………..………………………………………………………i
Letter of Submittal:……………………………………………………………..…………………………………....ii
Executive Summary:…………………………………………………………………………………………………..iv

01. Introduction: 2
01.1 Objectives: 3
01.2 Limitation: 3
01.3 Methodology: 3
02. Company overview: 4
02.1 Company information: 4
02.2 Provided services: 5
03. Analysis: 6
03.1 Ratio analysis: 6
03.2 Scope of the study: 7
03.3Limitation: 7
03.4 Analyzed Report: 7
03.5 Profit Analysis: 12
04. Findings: 17
05. Recommendations 18
06. Conclusion: 18
07. Reference: 19

01. Introduction:

The ...view middle of the document...

01.2 Limitation:

During collecting the data of this report we have faced some limitations whish have made some lacings of the report. These are
▪ The web page does not contain much information.
▪ Their employees have not enough time to provide us enough information.
▪ They are not willing to provide all the relevant information.
▪ We have not got enough time for preparing the report.

01.3 Methodology:

We collected the data form both of the following sources:
1. Primary data(direct contact to the employees)
2. Second data (internet, newspaper, group discussion)
The analysis draws on a combination of internet browsing, interview of employees and documented literature on insurance industries in Bangladesh. Most of the data have been collected from the web address of the Asia Insurance Limited.

02. Company overview:

02.1 Company information:

Date of Incorporation: 30th April 2000
Date of Commencement of Business: 30th April 2000
Date of Registration to Carry on General Insurance Business: 30th May 2000
Registered & Head Office: T.K Bhaban (7th Floor), 13 Karwan Bazar, Dhaka-1215, Bangladesh.
Authorized Share Capital: Tk. 30,00,00,000/- CR which is dividend into Tk. 30,00,000/- shares of Tk.100/- each.
Approved Paid-up Capital: Tk.15,00,00,000/- which is divided into 15,00,000 shares of  Tk. 100/- each
Present Paid-up Capital: Tk. 6,00,00,000/- which is divided into 6,00,000 shares of   Tk. 100/- each, ownership of the Sponsor Shareholders.
Chairman: Mr. Yussuf Abdullah Harun, FCA
Vice-Chairman: Mr. Mohammed Jamal Ullah
Chairman (Executive Committee): Mr. Abul Bashar Choudhury
Managing Director: Mr. Md. Ezhar Hossain,ABIA
Company Secretary: Mr. Md. Atique Ullah Majumder, LL.B. (Hons.) LL. M.
Auditor: M/S. Pinaki & Company.
Chartered Accountants
2/4 (2nd Floor), Nawab Habubullah Road, Shahbag, Dhaka-1000.

02.2 Provided services:

Services provided by the company are being listed bellow:
[pic]   Fire Insurance
[pic]   Fire Insurance (including Allied Perils)
[pic]   Industrial All Risks (IAR)
[pic]   Marine Cargo Insurance
[pic]   Marine Cargo Insurance transit by Steamer or Powered Vessel
[pic]   Marine Cargo Insurance transit by Rail/Lorry/Truck
[pic]   Marine Cargo Insurance transit by Inland Rail or Road Conveyance
[pic]   Marine Cargo Insurance transit by Inland Cargoes (water borne)
[pic]   Marine Cargo Insurance transit by Air Cargo
[pic]   Marine Hull Insurance (TLO)
[pic]   Engineering Insurance
[pic]   Machinery Insurance (Machinery Breakdown)
[pic]   Deterioration of Stock (DOS)
[pic]   Boiler and Pressure Vessel (BPV)
[pic]   Electronic Equipment Insurance (EEI)
[pic]   Erection All Risks (EAR)
[pic]   Contractor’s All Risks (CAR)
[pic]   Motor Insurance
[pic]   Motor Insurances for Commercial Vehicle    
[pic]   Motor Insurances for Private Vehicle
[pic]   Motor Insurances for Motor Cycle/ Scooter
[pic]   Miscellaneous
[pic]   Burglary...

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