Welcome to Our Presentation

We are… Group: 05

Name Id no

Al-amin Khandakar 20-019

Pantho Sarker 20-033

Shahriar Md. Lukman 20-047

Gourav Roy 20-059

Md. Gulam Kibria 20-075

Organization Structure & Corporate Social Responsibility

Topics to be covered

Company Profile

Types of Company & Company Structure

SWOT Analysis

Corporate Social Responsibility (CSR) Analysis & CSR

index

MD. GOLAM KIBRIAID: 20-075

Now Presenting…..

Profile of Central Insurance Company

Limited (CICL) One of the leading non-life

insurance companies in the private

sector of Bangladesh

Incorporated on 12th November 1987

and started its commercial operation

in general insurance business on

10th December 1987as a public

limited company.

Has subsidiary company named

Central Insurance Investment Ltd.

The Company operates through its

head office at Dhaka and 30 branch

offices throughout the country.

Overview of

Central Insurance Company Limited

Mission: To improve the quality of the life style of the people by

providing security of their trade and hard earned properties

through its professional service.

Vision: To be the most confident and a reliable insurer of the

country.

Services of the Company:

Fire insurance business

Marine insurance business

Motor insurance business

Miscellaneous insurance business

Types of Organization

There are two types of organization:

i. Modern Organization

ii. Traditional Organization

Organization

Modern

Traditional

Types of Organization (Continued)

Features of CICL Traditional

Organization

Modern

Organization

Customer oriented

Team oriented

Hierarchical relationship

Managers always make decision

Skill focused

Work at organization and facility during

specific hour's

Work is defined in terms of work to be

done

Dynamic

Use of latest technologies

AL-AMIN KHANDAKARID: 20-019

Now Presenting…..

Organizational Structure

Organizational structure is a system used to define a

hierarchy within an organization.

Types of Organizational Structure:

Organisational structure

Traditional

1. Simple

2. Functional

3. Divisional

Contemporary

1.Team

2. Matrix-project

3. Boundaryless

Organizational Structure (Continued)

Traditional Structures:

Types Descriptions

1. Simple An organizational design with (i) low

departmentalization, (ii) wide spans of control, (iii)

centralized authority, (iv) little formalization

2. Functional Groups together similar or related occupational

specialties

3. Divisional Made up of separate, semiautonomous units or

divisions

Organizational Structure (Continued)

Contemporary Structure:

Types Descriptions

1. Team The entire organization is made up of works

groups

2. Matrix-Project Assigns specialists from different functional

departments to work on one or more projects

and employees continuously work on projects

3.Boundaryless Not limited to the horizontal, vertical ,and

external boundaries imposed by a predefined

structure

Organizational Structure of CICL

Central Insurance Company Limited uses matrix-project

structure.

Features of organizational structure of CICL:

Features Descriptions

Existence of project managers Have the authority over financial

and physical resources

Existence of functional managers Have the authority over the

technical aspects of the projects

Performing Multi-project

Dual chain of command Employees have to follow the

orders of two managers

Specialization Maintaining specialization by

assigning specialists from different

functional areas.

SHAHRIAR MD. LUKMANID: 20-047

Now Presenting…..

SWOT Analysis on Central Insurance

Company Limited (CICL)

SWOT Analysis

Strengths of CICL

Weaknesses of CICL

Opportunities of CICL

Threats of CICL

StrengthsStrengthsSWOT ANALYSIS

Strong

financial

security and

positive net

profit turn

Adequate ability

to meet its

financial

commitments

on short-term

policy obligation

Carrying out

merchant bank

activities

smoothly

through its

subsidiary

company

Good

management

environment

Existence of

good relationship

with customers

and employees

Increase in

monetary gain

performance

Weaknesses

Less

investment

in cost

saving

technology

WeaknessesSWOT ANALYSIS

Limited

branch officesLimited

services

Slow to

respond to

changing

needs

No product

development

Less reputation

compared to its

competitors;

Opportunities

OpportunitiesSWOT ANALYSIS

Expanding

branches

Innovating

new products

Offering

attractive

insurance

policy for

special

purposes

Investing in

cost saving

technology

Providing

quality

services

Providing

services to

the remotest

areas

Threats

ThreatsSWOT ANALYSIS

Existence of

strong

competitors

Small size

compared to

its competitors

Entry of new

insurance

company in

the sector

Varying

Government

policies and other

regulatory rules

Adverse business

conditions and

lack of

advertisement

Less popularity

compared to its

competitors

PANTHO SARKERID: 20-033

Now Presenting…..

CSR (Corporate Social

Responsibility) IndexThe average CSR Index for 20011-2013 is 61.26

The CSR index for CICL from 2011 to 2013 :

Year 2011 2012 2013

CSR Index 48.65 62.16 72.97

2011 2012 2013

48.65

62.1672.97

CSR indexCSR index

Shareholder Relation

Shareholder’s

value (economic

return)

Decrease Increase

Found By Net profit

after tax

By TK.6.21 million

in 2011

By TK.6.21 million in 2012

By Tk. 19 million in 2013

Corporate response on

environmental issues

No proper corporate response on environmental

Issues from 2011 to 2013

Relationship with local

authorities and

regulators

Good relationship from 2011 to 2013

Good governance

practices

Good relationship from 2011 to 2013

Communication with

Board of Directors

(AGM)

Arranged Annual General Meeting each year

from 2011 to 2013

Consumer Relation

Product information and

safety

Provide detail information about their products or

services

Consumer commitment

& protection

Always try to ensure consumer commitment of

protecting customer’s property

Follow up services Provides follow up services which are required to

make the actual services more effective.

Overall customer

satisfaction

Decreased, as Net Premium decreased, in

2011

Increased, as Net Premium increased, in 2012

& 2013

Employee Relation

Equal opportunities

Employees with different qualifications and

experience levels get different opportunities

But employees with same qualifications and

experience levels get equal opportunities

Work Insurance Provides group insurance facility to the

employees

Job Evaluation Provides job evaluation & motivates

extraordinary performances through bonus and

promotion

Training &

Development

Provide training facilities for new and

experienced employees and try to develop

human power

GOURAV ROYID: 20-033

Now Presenting…..

Community Relation

Central Insurance Company Limited provides support

for social life of local community through sponsoring in

different social and cultural occasions.

CICL is involve in developing environmental condition.

Rallies, slogans and other tree plantation and eco

friendly business maintenance is an important feature of

CICL.

Central Insurance Company Limited was engaged in

many philanthropic activities like helping the survivors of

Rana Plaza by donating 150000 taka or donating in

Bangladesh Bima Foundation.

Monetary Gain Performance

Profit Margin Growth:

-3%

13%

17%

2011 2012 2013

Profit Margin Growth

Profit Margin Growth

Monetary Gain Performance

(Continued)

Return on Equity Growth:

2010 2011 2012 2013

0.104

0.0850.075

0.089

Return on Equity(ROE)Return on Equity(ROE)

Monetary Gain

Performance(Continued)

Return on Asset Growth:

2010 2011 2012 2013

0.059

0.048 0.048

0.056

Return on Asset (ROA)

Return on Asset (ROA)

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