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Tomorrow, Thursday, 17 October, marks the 20th death anniversary of M A Samad, an insurance legend and founder of Bangladesh General Insurance Company PLC (BGIC).
After his retirement as managing director of Jiban Bima Corporation, he established BGIC, the first non-life insurance company in the private sector after the country’s liberation, according to a press release.
He was also a founder director of the Bangladesh Insurance Academy and a former chairman of the Bangladesh Insurance Association.
M A Samad wrote two books in Bengali -- one on life insurance and another on general insurance -- as well as two textbooks in English on life insurance.
A pioneer of the life insurance sector, he also made significant contributions to general insurance through his expertise and intellect.
He was enlisted as an international expert in the Technical Assistance Programme on Trade and Development of the United Nations.
M A Samad visited most of the leading insurance training institutions in the UK and the US under a UNDP fellowship programme.
He was born on 1 January 1923 in Kulaura, Moulvibazar, into a respected Muslim family.