Prime Insurance Company Ltd.

Mr.Md. Humayan Kabir Shimul

Position: SVP & Head of IACD Department
Division: Management Committee

Mr. Md Humayan Kabir Shimul assumes the pivotal role of Senior Vice President and Head of the Internal Audit & Compliance Department (IACD) at Prime Insurance Company Limited (PICL). With a distinguished career spanning across the domains of Insurance, Finance, and Non-Profit sectors, Mr. Shimul brings a wealth of expertise to his current position. As a seasoned finance professional, Mr. Shimul boasts a multifaceted skill set encompassing Internal and Risk-based Audit, Statutory Audit, Forensic Audit and Cost Control. His proficiency extends to Risk Management, Process Development, Financial Analysis and Reporting; all meticulously executed in accordance with regulatory frameworks.

Mr. Shimul’s proactive stance and strategic foresight are palpable in his contributions to post-audit and pre-audit initiatives, strategically aligning with the company’s objectives while implementing new policies. His collaborative approach underscores his commitment to fostering compliance and operational excellence. At PICL, Mr. Shimul spearheads initiatives aimed at fortifying the organization’s compliance framework, leveraging a comprehensive review process to detect and address compliance gaps, fraud, and errors. His efforts are geared towards cultivating a culture of prudence, ethics and professionalism, reinforcing the company’s audit and compliance practices.

Since joining PICL in April 2023, Mr. Shimul has left an indelible mark, leveraging his prior experience at Central Insurance Company Limited and Shakti Foundation for Disadvantaged Women, where he held leadership positions in Internal Audit and Compliance departments. His tenure at SF Ahmed & Co. Chartered Accountants further honed his expertise. An alumnus of the MBS program with a specialization in Accounting, Mr. Shimul is currently pursuing his Chartered Accountancy course under The Institute of Chartered Accountants of Bangladesh (ICAB), reinforcing his commitment to professional growth and excellence. As a member of the Dhaka Taxes Bar Association (DTBA) and an Income Tax Practitioner  (ITP), Mr. Shimul remains at the forefront of industry best practices.

Beyond his professional endeavors, Mr. Shimul actively engages in conferences, seminars and training programs focused on Insurance, Leadership, and Skills Development. His philanthropic pursuits extend to various social and charitable organizations, earning recognition from leading media outlets for his meaningful contributions to society. Succinctly, Mr. Md Humayan Kabir Shimul epitomizes leadership, expertise and integrity driving excellence in audit and compliance practices while making significant strides in social welfare and professional development initiatives.