Climate Change Data

Environmental Metrics

Social Achievements

• Launched mobile apps for policyholders.
• Initiated digital premium payment options (EFTN, debit/credit cards, mobile banking, agent banking).

Governance Achievements

• Established an Audit Committee and a Nomination & Remuneration Committee.
• Received ICSB National Award 2019 and 2020.
• Received ICMAB Best Corporate Award 2019 and 2020.

Climate Goals & Targets

Environmental Challenges

• Stiff competition among insurers.
• COVID-19 pandemic impact.

Mitigation Strategies

• Aggressive cost management strategies.
• Expansion of distribution network.
• Commercialization of alternative distribution channels.
• Emphasis on customer service.
• Initiatives to maintain management expenses within allowable limits.
• Enhancement of investment yield.
• Prudent business management.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Century International Era Award (Gold Category)
• International Platinum Star for Quality Award
• ICSB National Award 2019 and 2020
• ICMAB Best Corporate Award 2019 and 2020

Environmental Metrics

ESG Focus Areas

• Financial Security
• Healthier Lives
• Sustainable Investing

Social Achievements

• Distribution of blankets among helpless cold people in Rangpur, Kurigram and Jamalpur districts.

Governance Achievements

• Received ICSB National Award 2022
• Received ICMAB Best Corporate Award 2022

Climate Goals & Targets

Environmental Challenges

• Russia & Ukraine war
• Stiff competition among different insurers
• Recess in insurance industry due to the ongoing global economic issues
• Domestic insurance penetration rate has fallen down, due to the economic recovery process and the ongoing conflicts around the world
• Currency fluctuation

Mitigation Strategies

• Aggressive cost management strategies
• Expansion of existing Distribution Network
• Commercialization of successfully piloted alternative distribution channel
• Emphasis on Customer Services
• Initiatives to maintain management expenses within the allowable limit
• Enhance the yield on investment
• Prudent business management
• Growth & Profitability of core business

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• ICSB National Award 2022
• ICMAB Best Corporate Award 2022