Distinguished Shareholders,


Assalamu Alaikum,


I feel privileged that by the grace of almighty Allah this year our Company has stepped into the 37th year of our Journey and still has been going ahead with momentum in our growth by accumulating a series of successes one after another.


On behalf of the Board of Directors of Purabi General Insurance Company Limited. It Is my pleasure to place the Annual Report 2023 and the Financial Statements of the Company for the year ended 31st December 2023. I express my heartfelt gratitude to you for your continued support and the cooperation you have given throughout the year. It is a pleasure to be with you at the 36th Annual General Meeting of the Company.


On the occasion of the 36th AGM of the Shareholders of Purabi General Insurance Company Limited. I would like to draw your attention to the principal achievements of the Company in 2023, The main focus of the Company in 2023 was accelerating revenue growth, ensuring quality business, complying with corporate governance, and building the image of the Company.

 

Company's Board frequently evaluates the operational efficiency of the Management Team and this approach maximized the abilities of the Executives of the team. The achievement comes from the enthusiastic and adamant efforts of our Employees, support of valuable Clients & the influence of respectable Shareholders and above all, the prudent guidance, inputs and monitoring of the Board.

 

Sustainable Growth is among the biggest challenges any business leader faces, but it isn't a new problem, to overcome the problem Purabi General Insurance Established the sustainable growth such as, how successful companies sustain business, what every entrepreneur should know before taking any risk and adapt or demolish options in an evolving business economy.

 

We under-take virtuous responsibility for protecting clients, thus we are trying to serving as a source of security and safety for them. We try to understand our clients' about the products and services along-with adequate regulatory requirements so that they can easily take the insurance as their financial security rather than a financial burden.

 

Purabi General Insurance Company Limited has been analyzing the market situation and its challenges continually. We are always complying the circulars & guidelines of Insurance Development & Regulatory Authority (IDRA). Besides, we strictly complying the new Circulars, Guideline & policy and thus aware to avoid unhealthy competition to make ethical & quality business in transparent way. The Board and Management of the Company are always inspiring the Executives to carry out business with ethics to cope with the future.

 

Our Company is always concerning about protecting the interest of all its business partner, clients and stakeholders. I am persuaded that our strong Management Team, dedicated & hardworking Employees, our well-built Information Technology (IT) and online support, existing and new innovative products and quality customer service are all our strength.

 

In conclusion, on behalf of the board of directors, I would like to thank the valued shareholders, patrons, borrowers, depositors, electronic and print media, law enforcement agencies, suppliers & all other stakeholders for their trust and confidence towards the company. Particularly, I would like to express my utmost & invaluable respect to the Insurance Development and Regulatory Authority (IDRA) and other regulators for their timely intervention through various policies, guidelines that has been immensely helpful in formulation of company's own strategies at different critical times of the year.

 

Finally, I would also like to thank my fellow board of directors for their generous dedication & co-operation. I would like to take this opportunity to acknowledge the contributions of all our shareholders, management, staff and our cherished clients for their continuous support & contributions during the year 2023. We ask for your continued support as we continue to set the new standard in our company.

 

Thanks to all.

 

Mojibul Islam

Chairman