Dear Esteemed Shareholders, Customers, Employees and Stakeholders,
I am honored to welcome you all to the 28th Annual General Meeting of the Pioneer Insurance Company Ltd. We have been walking together and achieving remarkable moments and now I am happy to share a bit of our company abstract for the year 2023.
First, I would like to extend our gratitude to you all for your confidence and trust management team of Pioneer Insurance Company Limited .The global scenario for trade and investment has been very bumpy due to the after effects of the Covid-19 supply chain disruption, followed by the war between Russia and Ukraine and more recently the Israel-Palestine conflict. Despite this Pioneer has continued to move forward with resilience and to serve its customers. Due to the devaluation of the Taka against the US dollar and the knock on effects of reduced imports , the insurance industry of Bangladesh has experienced a fall in the marine premium segment, However we have been able to grow our fire premium segement satisfactorily during the same period. Pioneer Insurance Company Limited has always been an industry leader in claim settlement and we will work to maintain this reputation whilst focusing on protecting our profitability, driving more automation and efficiency and upgrading our people and processes.
I would like to appreciate our Chief Executive Officer and the management team for their achievement till date and I know that they will now transform Pioneer into a future ready and world class insurance company.
Dear Shareholders, your support and belief in Pioneer are our greatest source of strength. I take this opportunity to convey my heartiest gratitude, on behalf of our Board of Directors, to you our valued shareholders.
I believe, our commitment to looking forward and pioneering new opportunities will continue to be benchmark for the insurance industry in Bangladesh. We are always creating the path to make insurance a safeguard for our larger community and we are focused on our sustainable growth to achieve that goal together.
On behalf of the Board of Directors of Pioneer Insurance Company Ltd., we express our gratitude to all the employees, stakeholders, well-wishers and especially the shareholders of the company for the support, efforts and trust that has been the our inspiration. I would like to express our gratitude to the Insurance Development and Regulatory Authority, Bangladesh Bank and other government agencies for their guidance and support in our mission .
I believe, our passion and perseverance will help us continue to lead the industry as ‘Pioneer’.
Syed Nasim Manzur
Chairman