“Relaxation of rule for appointing Deputy Managing Director” – writes Mr. Ehasanul Haque
It appears that according to present rule there is a need for a prospective candidate applying for the position of deputy managing director to have a minimum of 12 (twelve) years of work experience.
This rule apparently does not help the cause especially of those with “ACII” degrees from the internationally reputed insurance institute namely The Chartered Insurance Institute (CII), London.
In order to improve the rather disappointing condition prevailing in the insurance sector, this rule needs to be relaxed.
According to insurance experts, this minimum work experience barrier should be lowered to 8 (eight) years in order to accomodate, encourage young talented and ambitious qualified insurance professionals.
They should be given the first priority to climb the higher ladder in order to prepare themselves as leaders for the future.
Insurance management should be best left to insurance qualified personnel for the improvement and development of the insurance sector.
Insurance development and regulatory authority (IDRA) should consider this proposal seriously for the greater good of the insurance sector.
Mr. Haque was brought up and educated in Dhaka. He obtained his master’s degree with honours in Biochemistry from University of Dhaka (DU). He spent nearly four decades in Dubai (UAE) working for several multinational insurance companies in various capacities. He obtained his Fellowship (FCII) from The Chartered Insurance Institute (CII), London, Associateship (AIRM) from The Institute of Risk Management (IRM), London, Associateship (ACIArb) from The Chartered Institute of Arbitrators (CIArb), London. He has authored several books on insurance which have been acclaimed both at home and abroad. He contributes regularly on insurance matters in various online insurance news portals and is a founder General Secretary of Bangladesh Insurance Professionals Society (BIPS).