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Our Vision and Mission |
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The insurance industry has transformed
considerably since the estblishment
of Insurance Regulatory and
Development Authority. The Industry
is poised for radical evolution
in times to come due to changes
in the overall economic environment,
its bearing on the financial
sector and related need for
risk management. The General
Insurance Council recognizes
its role in the changing business
environment by articulating
the following vision and mission.
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The Vision for the industry and the GI Council: |
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- A sustainably profitable and growing non-life insurance industry in India.
- An industry trusted and recognised as contributing to society and the economy.
- An economic and public policy climate conducive to a flourishing industry.
- A body (GI Council) recognised as providing active leadership and an authoritative collective voice for the non-life insurance industry in India.
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The GI Council's mission: |
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To provide
leadership on issues having
a bearing on the industry's
collective strength and image
and to shape and influence decisions
made by the Government, regulator
and other public authorities,
within the country, in order
to benefit the industry collectively.
This will
be achieved on an active, collective
and non-competitive basis by:
- pro-active analysis and
lobbying to secure improvement
in the legal and regulatory
framework.
- analysis and representations
in response to initiatives
from others which affect
the industry.
- being recognised as a
leading contributor to public
policy thinking on issues
relevant to non-life insurance
industry.
- presenting a positive
image of the industry to
the public, the media and
other opinion-formers.
- providing leadership
and guidance to the industry
on issues which may affect
its public image and reputation.
- maintaining a core secretariat
with staff of high calibre
and relevant skills drawn
from the industry on project
to project basis, working
under the guidance of the
Board and its committees,
focussed on delivering the
mission.
GI Council
will provide other services
to member companies (such as
an active role in management
of commercial vehicle third
party liability motor pool)
which benefit the industry collectively;
which support the mission; which
can be provided without diversion
of resources from the core functions;
and which cannot be done more
effectively by any other body.
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