Ms. Farzana Chowdhury, Chartered Insurer, is the Managing Director & Chief Executive Officer of Green Delta Insurance Company Limited. She is the first and youngest female CEO in the industry and is recognized by UN Global Compact as a Local SDG Pioneer for Women’s Economic Security for her initiatives through Nibedita which is a comprehensive insurance scheme for women. After receiving the prestigious recognition, she has driven her team more effectively which resulted in sharp rise in Nibedita policy holders in a short period of time on top of adding values through holistic approach in ensuring gender equality and women empowerment. Recently she has received awards from Women Economic Forum, Anannya, EO Global, Bangladesh Brand Forum and SAARC Women Association for her progressive works in this arena. She is also the Executive Committee Member of Bangladesh Insurance Association; Vice President of Bangladesh Insurance Forum; Forum Chair and President Elect in EO Bangladesh (Entrepreneurs’ Organization); Member of Advisory Board in AIESEC, Board of Trustee in Global Youth Fund, JCI; Member, Advisory Board in CSR Centre.
While she started her career as an executive (trainee) in Green Delta Insurance, she had the opportunity to work for BRAC as well in the early years of her career. While she was in BRAC, Ms. Chowdhury was exposed to the opportunity of closely analyzing the micro finance sector and, as a result, was successful in establishing a link between micro finance and insurance. As she directly worked with the field level operations of micro finance and insurance simultaneously, the experience and knowhow helped her to develop a model for micro insurance recently. After acquiring professional experience, Ms. Chowdhury pursued her MBA under the Aus Aid scholarship and joined the SME banking division of BRAC Bank and continued her association with Green Delta Insurance. Her utmost sincerity backed by her profound knowledge and experience enabled her to play the role of pioneering driving force behind structuring and development of SME banking division of BRAC Bank. Since she already worked with micro finance and insurance, she was also presented with the extraordinary opportunity to design, develop and implement a successful business model for SME insurance. Till now, the path-breaking Green Delta Insurance–BRAC Bank model of SME insurance is being followed by other commercial banks in the country.
She is now one of the most prominent personalities in the Bangladesh Insurance sector for her pioneering contributions in Retail & SME insurance, Micro Insurance, Weather Index Based Agri insurance and materializing the concept of Insurance for Everyone. Under her charismatic leadership, Green Delta Insurance has launched digital insurance ecosystem for the first time in Bangladesh and is working relentlessly to bring insurance at everyone’s doorstop. She has been the driving force behind launching many insurance products in the market which is contributing greatly towards the development of the overall sector. It was under her stewardship that Green Delta joined hands with the Ministry of Health and Family Welfare, Government of Bangladesh in the Shastho Shuroksha Karmasuchi (SSK) project. Her guiding philosophy has always been driven by the intent of adding value not just in business but in every sphere that touches her life.