Nasir Ahmad Choudhury, adviser and founding managing director of Green Delta Insurance Company (GDIC), has recently received a lifetime achievement award from an Indian educational institution for his "outstanding contribution" to Bangladesh's insurance sector.
The Birla Institute of Management Technology (Bimtech) presented the accolade at a fourth BIMTECH Insurance Colloquium held virtually on Friday.
Also chairman of Delta Brac Housing Finance Corporation, Choudhury started his career at Pakistan Insurance Corporation in Karachi in 1958 after attaining a postgraduate degree from the University of Dhaka.
He later got training in London and in Germany's Munich Reinsurance Company. At Pakistan Insurance Corporation, he held various senior positions till Bangladesh achieved independence.
In 1972, he joined the reinsurance department of Sadharan Bima Corporation as general manager, according to a statement.
In 1985, when insurance business was opened up to the private sector, Nasir Ahmad established Green Delta Insurance with a couple of friends as sponsor, founder managing director and chief executive officer.
The seasoned businessman was a director at The Federation of Bangladesh Chambers of Commerce and Industry and president of The Bangladesh Insurance Association.
"The achievement of our respected adviser added another feature of success as Nasir Ahmad Choudhury has shown a pathway of insurance inclusion in Bangladesh," said Farzanah Chowdhury, managing director of the GDIC.