Economies of Insurance in Bangladesh

1. A PRESENTATION ON
ECONOMIES OF INSURANCE
NAME: MD Rizwanul Haque
ID: 22-190

2. How does the concept of
benchmarking impact the insurance
industry of Bangladesh?
Evaluating Individual’s,
group’s or organization’s
performance, comparing it
with an standard.

4. Impact of benchmarking
Comparison of revenue
Comparison of cost
Comparison of dividend
Comparison of customer retention
Comparison of premium collection
Comparison of product variety

5. What are the sources of absolute and
comparative advantages in the production of
insurance which sells international insurance ?

6. Sources of comparative and absolute
advantage
ABSOLUTE COMPARATIVE
specialization Investment in research and
development
suitability Difference in factors endowment
Economies of scale Fluctuations in the exchange rate
Import controls
Demand in the home market.

7. What are the trade barriers for an
insurance company of BD?

8. Arguments related toTrade Barriers:
To protect domestic
Employment.
To protect Infant Industries.
Prevent the foreign
producer from unfairTrade.
To improve a trade deficit.
Prevent from Dumping

9. How InsuranceTransaction affect the
Balance of Payments?
What is
Balance of
Payment?

10. Insurance transaction and inflows
Inflows
of money
Premium
received
from
overseas.
Claims
payments
received
from
abroad.
Brokers
commission
received
from
abroad.
Returns on
overseas
investment
s from
overseas
subsidiaries
.
Sale of
overseas
investment
s
Purchase of
domestic
investment by
insurers
overseas.

11. Outflows of
money:
Claims paid to
policyholders overseas.
Premiums paid to
insurers abroad.
Commissions paid to
brokers abroad.
Purchase of overseas
investments.
Sales of investment held
by foreign insurers.

12. For
controlling
BOP Govt.
applies
Monetary
and Fiscal
policy
■Demand side
■Supply side
Affect
insurance
industry
from
How can balance of payment policy
affect the insurance industry?

13. From the perspective of Demand side

14. From the perspective of supply side:

15. How Balance scorecard can be
implemented in insurance industry?

17. 4 quadrant matrix

19. How does the concept of performance
prism help to achieve economies of
scale and scope?

20. What is performance prism?

21. Economies of scale:
Great exposures to policyholders
increase policy selling.
Easy acceptance of new products
Can diversify risk easily

22. Economies of scope:
Variety of products.
Proper infrastructural utilization
Efficient management

23. Explain intellectual capital navigator in
terms of insurance industry

24. What is
intellectual
capital
navigator?
■ Intellectual capital
navigator is a model
that measures the
market value of an
organization in terms
of financial and
intellectual capital.

26. Effect of intellectual capital on insurance company:
Good attitude,
expert knowledge
and efficient
management skill
Positive effect
and higher sell
Structural
capital
Innovative
products with a
high value and
efficiency

27. Relational or
customer
capital
Implement
integrity in
insurance
company

28. THANKYOU