Kathmandu. Prabhu Insurance Chairman Rajendra Malla said that the insurance company has paid special attention to minimize the risk seen in the insurance sector.

Addressing the annual general meeting of Prabhu Insurance here today, he said that the company has strengthened corporate governance and internal control system.

Chairman Malla said that the company has set short-term and long-term strategies to achieve success in a sustainable manner. Chairman Malla said, “Information technology is the cornerstone of modern insurance and the main basis of customer satisfaction. ’

Chairman Malla said that the policy has been taken to provide fast and easy service through the appropriate use of technology to make the information technology strong and reliable. With the objective of becoming an excellent and trustworthy insurance company, the company has emphasized on business growth, human resource development and modernization, professional development and training of employees, corporate good governance, risk management, full compliance of policies and procedures as well as branding. ’

He said that since the employees are the main foundation of the organization, measures have been adopted to strengthen the staff management and adopt appropriate training and incentive measures to the employees. Chairman Malla said that the company has adopted result-oriented policy for business growth and has continued to control unnecessary expenses except for essential ones.

This year, he won awards in two categories at the sixth edition of the Emerging Asia Awards organized by the Indian Chamber of Commerce in Bangkok, Thailand. Amidst the adverse environment seen in the insurance sector, the company has been able to distribute 9.1579 percent of its current paid-up capital, 98.70 percent bonus shares and 0.4579 percent cash dividend for tax purposes on bonus shares from the profit amount of FY 2081÷82.