The General Insurance Council (GIC) has taken a couple of initiatives in its quest to enhance value additions to its member companies.
These are: 1) Member Information System 2) Data analytics-
Under the first initiative, the GIC intends to provide due industry update as quickly as possible
In the second initiative, the GIC intends to use the publicly available data of its member companies for topical analysis of the industry trends on a number of parameters. Statistical tools and graphical presentation aids will be used to present the analysis.
The council seeks co-operation from all the member companies to provide data in respect of their companies from time to time to enable us provide this data based information service regularly. The council hopes this would make all of us progress towards better standards in our business conduct to ensure better customer service.
