Green Delta Insurance, a leading non-life insurance company, in association with Chartered Insurance Association (CII) of UK, yesterday launched a training institute to create capable professionals for the insurance industry.
The institute, Professional Advancement Bangladesh, will provide training to insurances officials, said Farzana Chowdhury, managing director of Green Delta Insurance.
“It was our dream to launch a professional training institute like this, as the insurance sector always felt the need for it,” Chowdhury said.
“Professionals from the different financial institutes can advance their careers by training at the institute,” she said.
Chowdhury from Green Delta Insurance and Margaret Mary West, head of corporate support of CII, signed a memorandum of understanding at the launch programme at Lakeshore Hotel in Dhaka.
The courses offered by CII will be available for the students in Bangladesh under the MoU, West said.
CII is a professional organisation working in the insurance and financial services industry, she said.
The training institute will boost the country's insurance sector's growth, she said.
Nasir A Choudhury, adviser and founding managing director of Green Delta Insurance, said: “We have been creating professionals since the very beginning of Green Delta Insurance.”
“We can now offer a strong platform for professional development especially for the insurance sector.”
Insurance sector in Bangladesh has been lagging behind in the development of appropriate manpower, capable of facing challenges of a competitive local and global market, said Shefaque Ahmed, chairman of Insurance Regulatory and Development Authority. Green Delta Insurance has taken the lead in providing quality insurance education and training, Ahmed said.
The insurance sector has expanded fast over the last decade but the growth was not matched by supply of trained manpower, he said.
The opening of the training institute for the sector is a timely step and will help minimise insurance disputes due to better trained professionals, said M Shamsul Alam, chairman of Sadharan Bima Corporation.