On 1st September 2021, Sadharan Bima Corporation (সাধারণ বীমা কর্পোরেশন) Has Published. Several New Vacancies Are Available On Their Job Circulars. We Will Bring You That Circular With Detail Instructions. The last Date Of Application Is 7th October 2021. If You Want To Know More Engineering Job, Govt. Job, Private Job, Medical Jobs, Pharmaceuticals Jobs, BGB Jobs, Army Jobs, Navy Jobs, Air Force Jobs, Police Jobs, Anser & VDP, Fire Fighter Jobs, And Find Educational All Results ← Just Click This Highlight Links.
- Organization: Sadharan Bima Corporation (সাধারণ বীমা কর্পোরেশন)
- Company Details: To Know About Company ->See Below
- Position :
- Senior System Analyst
- Control Operator
- Qualification: Click Here To See Below
- Total Empty Post: 2
- Salary: Click Here To See Below
- Dead Line: 7th October 2021
Sadharan Bima Corporation
Sadharan Bima Corporation (popularly known as SBC) is the one and only state-owned non-life insurer and reinsurer in Bangladesh under the Ministry of Finance, Government of the People's Republic of Bangladesh. Both Sadharan Bima Corporation, the non-life insurer, and Jiban Bima Corporation, the life insurer, were created under the Insurance Corporation Act (Act No. VI) of 1973 of Bangladesh.
For underwriting the non-life insurance business of Bangladesh, Sadharan Bima Corporation was formed by the government in the year 1973. Up until 1984, SBC was the sole insurer of the non-life insurance business in the country. In the same year, some private sector non-life insurance companies started operation. Since then, it is providing reinsurance support to private sector non-life insurers. With regard to regulatory control, the Insurance Development & Regulatory Authority of Bangladesh regulates all insurance companies in Bangladesh including Sadharan Bima Corporation. Sadharan Bima Corporation is the only insurer of properties owned by the Government of Bangladesh. No other private non-life insurance companies are allowed to insure any public property. An agreement between Sadharan Bima Corporation and Bangladesh Insurance Association (BIA) was introduced for stabilizing the non-life insurance market under which Sadharan Bima Corporation underwritten 100% Public Property Non-life Business and 50% of it was equally distributed among the private sector non-life insurance companies. Now As per Insurance Corporation Act 2019, under section-16, Sadharan Bima Corporation has sole right to underwrite 100% Public Property Non-life Business and 50% of Business is to be equally distributed among the private sector non-life insurance companies who, on the other hand, compulsorily re-insure half of their re-insurable business with the SBC. SBC has recently been very active in capturing all public sector insurance business, and experts say that this move will definitely enhance the revenue of the corporation.
Sadharan Bima Corporation Job Circular