Current Projects

Scale up of GI Council website

The General Insurance Council website is envisaged as an effective medium for communication, engagement and value addition to the Industry. As importantly, the website would be a key channel to disseminate know how about the Insurance Industry to consumers at large.

The Council website would carry data and analytics on key industry parameters. Reports released by the Council would be accessible via the website to members and registered users. The website would facilitate online discussion/debates for focused industry interaction on identified issues.

 

Initiative to address fraudulent cases

The General Insurance industry provides risk transfer solutions across varied assets and risks. Given the scale of operations, frequency of transactions and involvement of multiple parties, there have been instances where fraudulent practices have come to light. These fraudulent practices, many of times have not only caused losses to insurers but also impacted the trust and credibility of the industry.

Taking cognizance of the problem, the Council has initiated steps to set a roadmap to address the issue. The Council would facilitate information sharing amongst its Members on fraudulent cases. Such information sharing would focus on identifying methodologies and specific instances of fraud. The initiative would be anchored by working group comprising senior representatives from the industry.

 

Workshop with Haryana Police Officials on Vehicles of Interest

The first workshop on stolen vehicles was co-organized by the Haryana Police Academy, Madhuban and General Insurance Council on 22nd July, 2012. Senior Haryana Police Officials extended their support and encouragement to all participants and representatives from the Insurance Regulator & Industry. 

The Insurance Information Bureau presented the ‘SMS Facility for Stolen Vehicles Recovery Information System” launched to assist Police to enquire about status of vehicles which have been reported as stolen. The objective of the workshop was to spread awareness among Police Officials on process to enforce once a vehicle is reported as stolen. The Police Officials also laid down their expectations from Insurance Companies in facilitating this process.