Under supervision of the Department of Financial Institutions of Bangladesh Bank, the Green Delta Insurance recently organised a workshop on the importance of index-based agricultural insurance for the Haor region at the CIRDAP Auditorium in the capital.
The workshop was inaugurated by Farzanah Chowdhury, MD & CEO of Green Delta Insurance Company Limited (GDIC). In her speech, she expressed her concern regarding the misery of people in flood prone area and mentioned that bringing the farmers living in Haor area can increase the penetration of insurance also ensure the contribution of rural sector in national economy and eventually increase the contribution of agriculture in national GDP. “This initiative can help the country to achieve the SDG goals through establishing Agriculture Insurance across the country,” she said.
Farzanah Chowdhury highlighted the journey of Green Delta Insurance Company Limited from 2015.
Ministry of Finance (MoF) and Financial Institution Division (FID) also expressed their interest in establishing Crop Insurance across Bangladesh. And as MoF and FID has directed, the initiative will start by having a yearlong pilot project in North Eastern Haor area of Bangladesh.
Md. Asadul Islam, Senior Secretary of Financial Institution Division, MoF said, “Government and other organisations should come forward to protect the farmers and provide the aid in form of Insurance through measuring the delivery costs and opportunity costs of other financial aids that the government is already providing.”
Md. Zafar Iqbal, Additional Secretary, Financial Institutions Division, MoF, Mohammad Iftekhar Hossain, Deputy Secretary, Financial Institution Division, MoF, S.M Ibrahim Hossain, ACII (UK), Chief Faculty Member, Bangladesh Insurance Academy, Surajit Ghosh, Regional Researcher, International Water Management Institute (IWMI), Dr. Shameem Hassan Bhuiyan, Chief Advisor, Save Earth Climate Services Limited, Mr. Shubasish Barua, Head of Impact Business and EVP & Mr. Ali Tareque Parvez, SVP, Agriculture Team, Impact Business, GDIC also expressed their opinion at the event.
