Insurance

Insurance is an industry that not only contributes to the financial growth and infrastructure development of a country but also keeps its gross domestic product (GDP) secure. Life insurance protects potential future earnings and livelihoods of individuals, and general insurance safeguards the GDP by protecting assets, businesses, health and organizational reputation against damage, both nationally through pooling and internationally through the effective transfer of risk using reinsurance.

The mandate of the FGCCI World National Council for Insurance covers the aspects such as the major issues and challenges being faced the stakeholders and to play a vital role in bridging the gap between the industry, regulator and policy maker. This includes conducting regular council meetings, webinar, summit and round table discussions under the guidance of Chairman, Co-Chairman and core committee members of the national council. The various stakeholders which are directly or indirectly involved in the council includes Insurance Regulatory and Development Authority, Ministry of Finance, etc.