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Get Full Essay Get access to this section to get all help you need with your essay and educational issues. A SWOT analysis must first start with defining a desired end state or objective. A SWOT analysis may be incorporated into the strategic planning model.
I tried to identify the key internal and external factors that are important to achieving the objective which is to find out the business opportunities. SWOT analysis groups key pieces of information into two main categories: A brief explanation as to the growth of life insurance business in Bangladesh is in order here.
Bangladesh declared independence from the Pakistani rules on March 26, following which she had to witness a bloody liberation struggle with the occupation forces lasting for 9 months before they were defeated.
After a series of experimentation, a state-owned body, namely Jiban Bima Corporation JBCestablished in May, for transacting the life insurance business, took over the assets and liabilities under life portfolios of all erstwhile private insurance companies and started business in its own name.
However, things did not improve; rather, in many respects became more exacerbating and the Government then thought it better to allow private sector participation in insurance business. Since inception, Delta Life set before itself a high standard of all round performance coextensive with professional soundness and proficiency.
It soon made a mark in the life insurance arena by not only being the leader among the private sector indigenous companies, but by undertaking and successfully implementing innovative and welfare oriented life insurance schemes.
It introduced an array of conventional life and group insurance products — many of which were the first in Bangladesh. For the first time, health insurance products were also introduced by Delta Life.
Two projects of the company namely Grameen Bima for the rural people and Gono Bima for the poor and marginal savers of the urban areas were initiated to devote themselves exclusively to marketing and management of these innovative products.
We are happy to report that we have achieved a good measure of success although there is a long way to go. These schemes that we have introduced have created great stir and enthusiasm among the general mass who, before these projects started functioning, could not even dream of owning a policy that provides the much needed life insurance coverage along with facility of regular savings on a long-term basis.
At a later stage i. Delta Life can take pride in moulding the saving habits of the lower and middle class people and transforming them into prospective policyholders. The potential is now so strongly perceived that all life insurance companies — old and new alike — operating in the country have started their own micro insurance products.
Delta launched Microinsurance product named Grameen Bima or village insurance.
At present among the 18 Life Insurance Companies 13 companies are identified offering Microinsurance products.On ProQuest's platform. Comprises ABI/INFORM Global, ABI/INFORM Trade and Industry, and ABI/INFORM Dateline.
Features thousands of full-text journals, dissertations, working papers, key business and economics periodicals such as the Economist, country-and industry-focused reports, and downloadable data. After conducting an analysis of an organizations internal environment, you will be in a position to complete the last two elements of the SWOT analysis: identification of the strengths and weaknesses of .
So then every one of us shall give account of himself to God. 13 ¶ Let us not therefore judge one another any more: but judge this rather, that no man put a stumblingblock or an occasion to fall in his brother's way.: A Situation Analysis is a scoping and analysis of the broad context or external environment in which IUCN projects operate.
It is sometimes called context analysis in other organisations. After Finishing the SWOT Analysis, I found Delta Life Insurance Co. Ltd. a bright company which is very much popular to the clients and their Strengths and Opportunities are much stronger to fight with the Weaknesses and Threats of the current situation especially within this recession time of the World.
The SWOT Analysis method, developed by Albert Humphrey in the s, uses a broad-based approach to help a company develop strategic plans for the future.