Re.: Proposed Restructuring in PSGICs.
We, under the banner of “The National Confederation of General Insurance Officers’ Associations (CONFED),” representing 70% of officers in the PSGI Companies, would like to draw your kind attention to the structural reforms proposed under the “Implementing Organisational Efficiency and Performance
Management in the Companies”.
As an Officers’ Association we have always worked for the betterment of thePSGI Industry and always remain in forefront to discharge our duties in the bestinterest of the PSGI Company. Recently we have been informed by GIPSA(Parent body of Four PSGI and GIC) that the Ministry of Finance has instructed to
bring some changes in the functioning of PSGIC and a new initiative on KPI, Efficiency Measurers & Restructuring in the PSGICs has been initiated. We have been also informed that GIPSA has appointed M/s. E & Y as Consultant for the programme named “Implementing Organisational Efficiency and Performance
Management in the Companies”.
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