Insurers contribute to bringing positive changes in industry

IDRA chairman Mohammad Jainul Bari has said insurance companies like Sonali Life try to maintain the optimum level of compliance, thus contributing to bringing about positive changes in the industry.

Mentioning that insurance industry contributes to the overall growth, he said the Insurance Development and Regulatory Authority (IDRA) is trying to strengthen corporate governance in the industry to increase its role in economic uplift.

Mr Bari said this at an event styled ‘500 Crore Celebration’ organised by Sonali Life Insurance Company at the Pan Pacific Sonargaon Hotel on Sunday.

The event was part of celebrating the achievement of the 500-crore mark of Sonali in terms of collecting premium for the current year of 2022, reads a press release.

Mr Bari was present as the chief guest, Bangladesh Insurance Association (BIA) president Sheikh Kabir Hossain as the guest of honour, and IDRA members Moinul Alam, Md Dalil Uddin and Md Nazrul Islam as special guests.

Former BGMEA president and the founder of Sonali Life Mostofa Golam Quddus chaired the programme.

Sonali Life CEO Mir Rashed Bin Aman presented a keynote focusing on the overall activities, growth picture and innovative products of the company. Sonali Life director Sheikh Mohammad Daniel, Rupali Life Insurance additional managing director Fauzia Quamrun Tania also spoke.

Members of the board of directors, senior officials, FAs and the achievers of the company were present at the gala celebration.

Mr Aman said the one only way to bring about changes in the insurance industry is establishing trust in the minds of clients and safeguarding their deposits with honesty and accountability.

Mr Danial said, “It’s our commitment to IDRA that we’ll always comply with the IDRA regulations and become a shining national example of success through discipline in the insurance sector.”