Our Vision and Mission
The insurance industry in India has transformed considerably since the establishment of Insurance Regulatory and Development Authority of India. 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.
The Vision for the industry and the GI Council
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.
The GI Council's mission
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
GI Council will provide other services to member companies 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 bodies.