Peoples Insurance gets ICAB certificate of merit

The Peoples Insurance Company Ltd received a Certificate of Merit in this year’s National Award offered by the Institute of Chartered Accountants of Bangladesh (ICAB) for its annual reports, integrated reporting, and corporate governance disclosures in the insurance sector.

SM Azizul Hossain, chief executive officer of the company, received the certificate from Commerce Minister Tipu Munshi at a gala event at the Pan Pacific Sonargaon Hotel in Dhaka on Saturday.

This year, a total of 25 entities received the ICAB National Award. Apart from recognising the first, second and third positions in each category, 17 entities won the Certificate of Merit for achieving minimum threshold scores.

Green Delta Insurance Ltd got first prize, Reliance Insurance Ltd came second and City General Insurance Company Limited stood third in the insurance sector in this year’s ICAB National Award.

The Institute of Chartered Accountants of Bangladesh distributes the award to listed and non-listed 25 entities in 16 different sectors including public sector banks, private sector banks, financial services sector, manufacturing, power and energy sector, infrastructure and construction, insurance, diversified holdings, communication and information technology, public sector, NGOs, service sectors, agriculture, corporate governance, integrated reporting and overall winner.

Among all the winners, Bank Asia Limited became the overall winner.