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The Insurance Act 2010 for Non-Life Insurance; Problems & Prospects of Peoples Insurance Company Limited

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The Insurance Act 2010 for Non-Life Insurance; Problems & Prospects of Peoples Insurance Company Limited
Internship Report
“The Insurance Act 2010 for Non-life Insurance; Problems & Prospects of Peoples Insurance Company Limited”

Submitted To:
Sharmin Shabnam Rahman Lecturer BRAC Business School, BRAC University

Prepared & Submitted By:
Name Shamima Aktar Student ID 08104057

Date of Submission: May 20 , 2012

“The Insurance Act 2010 for Non-life Insurance; Problems & Prospects of Peoples Insurance Company Limited”

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Letter of Transmittal
May 20, 2012 Sharmin Shabnam Rahman Lecturer, BRAC Business School, BRAC University Subject: Submission of Internship Report (BUS-400). Dear Madam, With due respect, I would like to inform you that, I have completed my internship at Peoples Insurance Company Limited. Throughout the internship period, I have found the company getting ready to adopt with changes brought by the Insurance Act 2010. Hence, I chose ―The Insurance Act 2010 for non-life insurance; the Problems & Prospects of Peoples Insurance Company Limited‖ as the topic of my internship report. In order to prepare the report, I have collected required information through qualitative research and finally completed the report which is now ready to submit. It was really enjoyable to work on the report as it has provided me with an opportunity to know about realistic fact of the influence of Insurance Act 2010 on the overall operation of PICL. I have learned a lot about the non-life insurance industry after preparing this term paper and got the chance to apply my theoretical knowledge learnt from the university courses. It was a great pleasure for me to work on such a challenging and practical topic.

I shall be highly glad if you kindly receive this report and provide your valuable judgment. It would really be my immense pleasure if you find this report useful and informative. Sincerely yours,

____________ Shamima Aktar Student ID-08104057

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Acknowledgement
The successful completion of this report on “Insurance Act 2010, and the Problems


References: Peoples Insurance Company Limited, Mission, Vision, Services, Future Plans. Retrieved from http:www.peoplesinsurancebd.com List of Insurance Companies in Bangladesh. Retrieved from http://www.idra.org.bd/idra-org Investopedia. (2012). ―Definition of Insurance‖. Retrieved from http://www.investopedia.com/terms/i/insurance.asp#axzz1l6ZW5Hz3 Wikipedia. (2012). ―Insurance‖. Retrieved from http://en.wikipedia.org/wiki/Insurance History of Insurance & Insurance Law in Bangladesh. Retrieved from Banglapedia. (2011). 6.7. Bibliography Book Madura, J. (2010-2011). Financial Markets and Institutions. Magazines and Reports The Insurance Act 2010 The Insurance Act 1938 The Insurance Corporation Act 1973 The Insurance Amendment Act 1984 Peoples Insurance Company Limited, Annual Reports 2008, 2009, & 2010 Insurance Journal 1993 Insurance Journal 1997 Economic Observer, December, 2011 66
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