IGI Insurance Company

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24 1. COMPANY PROFILE & HISTORY:........................................2 1.1 PIONEERS OF IGI:...............................................3 1.2 HOW IGI STARTED ITS BUSINESS:..................................3 1.3 MAIN PRODUCTS AT IGI:..........................................4 2. STRATEGIC MANAGEMENT PROCESS:.....................................8 2.1 MISSION:.......................................................8 2.2 VISION:........................................................9 2.3 GOALS AND OBJECTIVES:..........................................9 2.4 SWOT ANALYSIS:................................................10 3. ORGANIZATIONAL DIRECTION:........................................12 4. STRATEGIES:......................................................12 4.1. GENERAL STRATEGIES FOLLOWED BY IGI:...........................14 5. ENVIRONMENTAL FACTORS:...........................................14 5.1. RELEVANCY OF ENVIRONMENTAL FACTORS TO IGI:....................17 5.2. ENVIRONMENTAL MONITORING THROUGH SCANNING:....................18 6. STRATEGY IMPLEMENTATION AND EVALUATION:..........................18 7. CONCLUSION:......................................................20 8. ANNEXURE 1:......................................................21 9. ANNEXURE 2:...................................................... 23

Transcript of IGI Insurance Company

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1. COMPANY PROFILE & HISTORY:.................................................................................................2

1.1 PIONEERS OF IGI:....................................................................................................................3

1.2 HOW IGI STARTED ITS BUSINESS:.......................................................................................3

1.3 MAIN PRODUCTS AT IGI:.......................................................................................................4

2. STRATEGIC MANAGEMENT PROCESS:.......................................................................................8

2.1 MISSION:....................................................................................................................................8

2.2 VISION:......................................................................................................................................9

2.3 GOALS AND OBJECTIVES:.....................................................................................................9

2.4 SWOT ANALYSIS:..................................................................................................................10

3. ORGANIZATIONAL DIRECTION:................................................................................................12

4. STRATEGIES:..................................................................................................................................12

4.1. GENERAL STRATEGIES FOLLOWED BY IGI:........................................................................14

5. ENVIRONMENTAL FACTORS:.....................................................................................................14

5.1. RELEVANCY OF ENVIRONMENTAL FACTORS TO IGI:......................................................17

5.2. ENVIRONMENTAL MONITORING THROUGH SCANNING:.................................................18

6. STRATEGY IMPLEMENTATION AND EVALUATION:.............................................................18

7. CONCLUSION:................................................................................................................................20

8. ANNEXURE 1:.................................................................................................................................21

9. ANNEXURE 2:.....................................................................................................................................23

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1. COMPANY PROFILE & HISTORY:

International General Insurance Company of Pakistan Limited (IGI) is a group company of

packages Limited. IGI was established in 1953 in collaboration with Alliance Assurance of Great

Britain. Syed Maratib Ali was its first Chairman and Syed Babar Ali the first Managing Director.

The present Managing Director is Syed Hyder Ali and the General Manager Basit Hassan Syed

is currently the Vice Chairman of Insurance Association of Pakistan (IAP). Packages Group is

one of the leading business houses in Pakistan with interests in paper, board and packaging, dairy

and food, polypropylene film, pharmaceuticals, chemicals and investment banking sectors

besides insurance.

During its 47 years of operations IGI has built a reputation that has strengthened its business. IGI

is ranked second amongst the general insurance companies in Pakistan on the basis of Market/

Realizable value of its assets.

IGI's total commitment to customer's satisfaction, professional/ethical approach and prudent

management practices has enabled it to develop very cordial and long lasting relationship with its

clients, which include highly reputed local as well as multinational companies.

Recently the Company has been awarded AA (Double A) Claims Paying Ability (CPA) rating by

Pakistan Credit Rating Agency (Private) Limited (PACRA), an affiliate of FITCH Ratings

Limited, London. This is the highest rating amongst the local insurance companies and has given

lot of confidence to us as well as our clients.

Amongst Pakistan's insurance companies, IGI has one of the highest Solvency Margins of 479%.

IGI's policy of prompt and fair claim settlement is evident from the fact that IGI has one of the

LOWEST outstanding claims in the domestic market. Our valued clients include professional

and reputed local as well as multinational companies.

IGI Insurance Limited has re-insurance agreements with the most prestigious and world-

renowned re-insurers such as Swiss Re and Sumitomo Re. The Company is referenced for its

good standing and reputation by domestic as well as international reinsurers.

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During the year 2001 (in July 2001) the Company achieved another milestone by obtaining ISO

9002 certification from SGS Malaysia Sdn. Bhd. IGI Insurance was the FIRST general insurance

Company in Pakistan, which had achieved this certification for its entire operations.

1.1 PIONEERS OF IGI:

Syed Maratib Ali was the first Chairman and Syed Babar Ali was the first Managing Director of

IGI which is a part of the Packages Group which is one of the largest conglomerates of the

country with interests in paper and board, milk and dairy, chemicals, investment banking and

insurance The present Managing Director is Syed Hyder Ali and the General Manager Basit

Hassan Syed is currently the Vice Chairman of Insurance Association of Pakistan (IAP).. The

company is listed on Karachi and Lahore stock exchanges has history of more than 50 years of

successful commercial operations. IGI is the global network partner of (R&SA) global network

limited for their global businesses in Pakistan

The current chief executive officer has over thirteen years of experience in key management

positions in financial sector. The key management personnel’s list is in annexure 1.

1.2 HOW IGI STARTED ITS BUSINESS:

IGI started its operations through Financial Services which is a group brand representing four

organizations of IGI namely:

IGI Insurance,

IGI Investment Bank,

IGI Securities,

IGI Funds.

The companies offer financial services like insurance, investment banking, brokerage services

and asset management to Individuals and Corporations.

IGI Financial Services is headquartered in Karachi and operates through a network of branch

offices in Lahore, Islamabad, Faisalabad, Multan, Gujranwala and Sialkot employing more than

400 people.

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IGI Financial Services is associated with the Packages Group which is amongst the largest

groups in the country. Packages Group has interests in paper and packaging products, food items

and chemicals Ð inks and dyes.

In 1953, IGI Insurance Limited was established under the name of International General

Insurance Company of Pakistan Limited with the objective of providing quality general

insurance services through a customer-oriented approach combined with the highest standards of

ethical practices.

In 1956, Packages Limited was incorporated as a joint venture with Akerlund and Rausing,

Sweden. The Packages Group expanded quickly through strategic business alliances with major

multi-nationals like Nestle, Tetra Pak, Mitsubishi and Coca-Cola.

Packages Group and Associated Companies:

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1.3 MAIN PRODUCTS AT IGI:

Home Cover:

An affordable home insurance plan from the company that has been trusted for the past five

decades. ‘Home Cover’ gives a comprehensive coverage against any accidental damage caused

to the homes or rented property in case of robbery, fire, accidents, or natural disasters for a

maximum of Rs. 20 million.

Home Cover is a customized insurance solution for all home owners/renters as it insures home

property, home contents, jewellery at home, home owner free rent, home tenants free rent, cash

at home and also allows customers to get other value added services at discounted rates.

Travel Sure:

Travel Sure has been revised and now offers customers an enhanced policy with better rates and

more coverage. It is the finest plan that has been specially tailored according to the traveling

needs in order to make a journey of a customer stress free with the assurance that any and all

emergencies will be taken care off in a prompt and professional manner.

Their plan offers a cover for US$ 50,000 for medical treatment abroad, accidental death and

emergencies, personal liability, flight delays, loss of passport and loss of baggage. It also assists

in fulfilling visa requirements and also provides other free assistance services as mentioned

ahead.

With Travel Sure customers feel the freedom of availing medical benefits at foreign facilities

through a 24-hour complete access to International SOS Pte. Ltd, which will guide and support

them during all emergencies. 

Health Sure:

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Health Sure offers a managed care solution to corporate clients and organizations to provide

healthcare needs backed by professional staff, financial strength and insurance experience

accumulated over a period of fifty years.

Health Sure covers personal health covers, hospitalization covers and maternity covers. In

addition, the product covers pre- and post-hospitalization expenses as well. The covers also have

a credit facility at IGI Insurance’s panel of hospitals across Pakistan, Health Cards; discounts at

pharmacies and diagnostic laboratories; 24-hour medical hotline with staff doctors etc.

Auto Cover:

Auto Cover is a complete auto insurance plan for both individuals and corporate offering:

A comprehensive cover including theft, snatching, armed hold up, accidental damage,

third party liability and terrorism.

The liberty to have the vehicle repaired at the workshop of customer’s own choice and

the cost of repairs are being directly settled with the workshop.

Reduction of premium up to 50% through no-claim bonus, which is transferable from

other insurance companies and within immediate family members.

Guaranteed settlement of Snatching/Theft/Total Loss claims within 15 days of recovery

of snatched/stolen vehicle.

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Free anti-theft device without any renewal condition.

Call centre facility

IGI-PSM Auto Cover:

In an effort to creating alliances with complementing companies, IGI Insurance takes another

step forward by joining hands with Pak Suzuki Motors, creating a customized product the ‘IGI-

PSM Auto Cover’ that acts as an effective distribution channel towards a wider customer base

offering the additional benefits to all Suzuki customers:

Online/instant coverage issuance.

Nationwide insurance policy acceptance/claim settlement at any Pak-Suzuki Authorized

dealerships.

Standardized repair using Suzuki Genuine Parts.

Repairing only at Pak-Suzuki Authorized dealer workshops.

Largest countrywide dealers network support.

 

Fire Cover:

Apart from the standard fire policy, which covers losses due to accidental fire, various additional

covers are available which include cover against damages caused by riot & strikes and

atmospheric disturbances (rain, floods, hurricanes etc.). Customer can get a customized quotation

for insurance of their house at the quotations page. This cover is for property insurance like

Factories, Offices and Homes and includes perils like, fire, lightning, burglary and earthquake.

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Marine cargo:

Marine Cargo transit policies are issued both to cover inland transit risks as well as international

transit risks which may include cargo sent by air, sea or by post.

This policy covers imports and exports of consignments, loss or damage of cargo during transit

by Air, Sea and Road; also covers dispatch of finished goods from the insured factory to

anywhere in Pakistan.

This kind of coverage is provided to transport related businesses such as Ship Agents, Freight

Forwarders, Terminal Operators, Stevedores, Courier Services, etc. Their average adjusters are

uniquely qualified to put together an efficient cost-effective team to deal not only with major

casualties but also smaller problems. These adjusters can act as arbitrators and conciliators in the

search for an equitable solution to policy controversies.

Miscellaneous:

Wide ranges of industrial risks are also covered such as business interruption, contractors all risk,

risk of computer data loss and machinery erection all risks. Pecuniary covers are available under

cash in safe, cash in transit and fidelity guarantee policies. All these covers are grouped together

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in the miscellaneous insurance covers. Another cover available under the miscellaneous

insurance head is the personal accident insurance. This covers the risk of accidental death or

injury to individuals. At the quotations page you can also get a quotation for this kind of cover.

2. STRATEGIC MANAGEMENT PROCESS:

Strategic management process is comprised of the following steps and they all are being carried out at IGI very effectively:

Over the period of time IGI has developed very effective strategies and implemented them which

have allowed them to gain the highest market share. IGI’s success depends on the effective

identification of organizations’ current mission, vision, goals and strategies. The vision, mission

and goals are as follows:

2.1 MISSION:

Their vision will be realized through:

Customers:Being the preferred insurer in providing solutions to risk exposure.

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Shareholders:Consistently delivering above market average return on capital.

Employees:Providing the environment necessary to be the employer of choice.

Community:Compliance with the highest ethical and moral standards.

2.2 VISION:

“IGI Insurance is committed to being one of the leading providers of solutions to risk exposures in selected market segments in Pakistan.”

2.3 GOALS AND OBJECTIVES:

The main goals and objectives of IGI are very soaring in quality and they are well established

and spread all over the organization over the period of time. They are just like a norm now at

IGI. Those objectives are as follows:

Customer satisfaction through superior customer service.

Prompt settlement of claims.

Professional & ethical business practice.

To enhance financial strength of the Company by achieving outstanding financial results.

To ensure regular and respectable pay outs to the shareholders.

IGI Insurance believes in providing high quality solutions to risk exposures to the satisfaction

of its customers through:

Developing and maintaining a total quality culture

Developing capabilities of the employees

Continuous improvement and teamwork

Updating business knowledge and techniques

Efficient utilization of resources and manpower

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Introducing high standards of professionalism.

2.4 SWOT ANALYSIS:

The swot analysis is the second step in the strategic management process and SWOT analysis of

IGI as follows:

Strengths:

IGI has established its reputation in domestic as well as international insurance market for

quality insurance business and adherence to high ethical and professional standards.

Total commitment to customer satisfaction.

Highly professional attitude towards underwriting risk and prudent management

practices.

Value creation for customers and shareholders alike

AA (Double A) Claims Paying Ability (CPA) rating by Pakistan Credit Rating Agency.

Very Strong Claims Paying rating.

highest rating amongst the local insurance

IGI has one of the HIGHEST Solvency Margins.

Customer satisfaction through superior customer service.

Prompt settlement of claims.

Professional & ethical business practice.

To ensure regular and respectable pay outs to the shareholders.

Weaknesses:

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Only 9 hospitals are listed within Rawalpindi and Islamabad as compared to population

of twin city.

IGI has CREDIT arrangements with the above mentioned hospitals nationwide. All

hospitals administrated by Government and Armed Forces of Pakistan are also approved

but NO CREDIT facility with them and patients may subsequently seek reimbursement

from IGI.

Claim procedures need a lot of documentation and verification.

Lacks some of the services offered by competitor insurance companies.

Opportunities:

Increased trend of insurance now days.

Car insurance must by government on leased cars.

Increased security concerns lead to growth in insurance sales.

IGI investment bank enjoys repute build by its insurance division.

IGI securities services as its another division capitalizing.

IGI funds division gives edge over competitors.

Threats:

High markup rates discouraged sales of leased cars.

Volatile business environment.

Competition by other companies like EFU, ADAMJEE, STATELIFE etc.

Governmental favoritism policy while giving contracts to politically influenced

companies.

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Changing laws and regulations with every new government.

Ministries involved in contracts to governmental clients which cause delay in decision

making.

3. ORGANIZATIONAL DIRECTION:

The organizational direction at IGI is very clear and well aligned with the organization’s vision,

mission and goals, the employees at IGI are well informed and they know what are the goals and

objectives of the organization and that is why they know the direction where the organization is

headed. At IGI they have very clear and well defined philosophy which is embedded in customer

satisfaction through superior service, prompt payment of claims, professional and ethical

practice. The prompt payment of claims can be judged from its AA rating of CPA (Claims

Paying Ability), which is the highest amongst the local general insurance companies in Pakistan.

In addition to this IGI is also the first general insurance company to achieve ISO 9002

certification.

For any insurance company, reinsurance arrangements with professional, dependable and

financially sound re-insurers are very essential. IGI has prestigious reinsurance arrangements

with the worldwide acclaimed re-insurers including; Munich Re of Germany, Swiss Re of

Switzerland and General Colongne Re of Germany. All these enjoy an international rating of

AAA, providing a reliable risk diversification base to the company and confidence to its clients.

4. STRATEGIES:

Corporate Level Strategy:

The corporate strategy of IGI Insurance Ltd is Growth. While following growth IGI indulge in

Market penetration strategy and Diversification. In line with the Company’s growth strategy, it

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has acquired the Pakistan operations of Royal and SunAlliance Plc. U.K. As a result of this

transfer, IGI has positioned itself amongst the top five insurance companies operating in

Pakistan. IGI Insurance Limited is now a global network partner of Royal and SunAlliance Plc

U.K.

They are also joined hands with PAMADA to provide “IGI Auto Cover” in PAMADA’s

exclusive panel of automobile insurance providers for prospective buyers. And they are also

exploring more areas to grow in the future.

This type of strategy usually seeks to gain a competitive edge through pricing, marketing, or

other initiatives. Additionally, market penetration can be achieved by increasing customer usage

through loyalty programs and incentives targeting existing customer base. IGI is operating in

financial markets and all the diversifications are concentric.

Business level strategy:

In business level strategy IGI follows Differentiation strategy and Focus strategy in order to

achieve a sustainable competitive advantage and long-term success.

IGI differentiates on the basis of high class Serviceability and re insurance services from the

other insurance companies. IGI’s main focus is on expansion of financial services for the clients

and providing them best services.

Operational level strategies:

Operational level strategies are very narrow in focus and deals with day-to-day operational

activities such as scheduling criteria. It operates within a budget but is not at liberty to adjust or

create that budget. Operational level strategies are informed by business level strategies which,

in turn, are informed by corporate level strategies.

The daily operations strategies aligned with IGI Insurance Ltd are as follows:

Promotion of staff into management positions.

Promotion of staff into supervisory positions.

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Continued improvement to customer service levels.

Operational and business level strategies are appropriate with the direction of IGI and it is

clearly noticeable by the success of IGI over the period of more than 50 years in Pakistan.

4.1. GENERAL STRATEGIES FOLLOWED BY IGI:

The general strategy of IGI focuses on following elements:

Expansion of business:

IGI has expanded into many cities of Pakistan and is still in growth phase.

Customers Serviceability:

Customer’s satisfaction and serviceability is the point of differentiation for IGI. Therefore all

efforts are made to achieve this goal. Different types of different services and products have been

introduced to maintain the competitive edge. Settlement of claims in insurance in major issue,

IGI solves Claim issues in minimum time than all other competitors.

Technology advancement:

IGI has data base management system through which it maintains all the accounts of clients.

Online services are also available to facilitate the clients.

Corporate Social Responsibility:

In order to be known as socially responsible company IGI often indulge in different social

activities from giving trainings to poor people to giving funds for needy . IGI is ethically very

stable organization.

5. ENVIRONMENTAL FACTORS:

It is one of the leading general insurance companies operating in Pakistan. IGI underwrites all

the three main classes of general insurance business i.e. Fire, Marine, Motor and Miscellaneous.

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During its 56 years of operations, IGI has established its Reputation in domestic as well as

international insurance market for quality insurance business and adherence to high ethical and

Professional standards.

The organization is critically analyzing its environmental factors that include the following.

Demographics:

The demographics include the age, gender the education level, social class, lifestyle, race and

ethnicity .So the IGI considers all these factors while developing an insurance plan for a person

according to his level of preferences and other demographic factors.

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For example it has different insurance policy as for the organizations and multi nationals who

insure their employees as compared to individual ones.

Culture:

The cultural factors that are the set of beliefs, moral values, traditions, language also being

considered by IGI as they play significant role in designing the strategy. For example the people

differs in culture they have different set of beliefs and values which effects the decision making

therefore the culture of IGI highly influence the decision making.

Economic factors:

The economic factors are vital in designing the strategy so as IGI do. The economic factors

include interest rates, governmental policies, management and taxation. For example when

interest rates are low more people buy leased cars and according to governmental policy they had

to be insured, and it may be a governmental policy at the time that a plaza or building should be

insured to get “no objection certificate” from the concern department.

Governmental factors:

The governmental factors like claim policy, risk assessment level, credit ratings, policy and

requirements to offer the insurance policy, the clearance from different departments , political

impacts and other regulatory requirements are also considered while developing the strategy.

For example it may be a governmental requirement that a specific residential tower should be

insured by a company with sound repute and AA credit rating etc.

Technological factors:

The technological factors have a great deal of influence over IGI insurance company and so as it

is designing its strategy and affects the strategy making process. The technological factors

include new emerging technologies, the level of innovation etc.

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A very good example in IGI case is that the insured cars are now being installed by a GPS

vehicle tracking system. Similarly automatic fire alarm systems are an example of these

technological factors.

5.1. RELEVANCY OF ENVIRONMENTAL FACTORS TO IGI:

All factors that are discussed above are relevant to the organization and to further justify that

some examples are given for each of the environmental factors related to the IGI.

The demographic factors like level of education and income level had lead to the

awareness in people about the insurance policy so it is easy to convince an educated

person to have insurance policy. So the IGI agents sell more insurance policies as the

people had awareness about these policies etc.

Cultural factors are also considered by IGI as we know the law and order conditions in

our country so the people have became insecure so they buy insurance policies in order

to secure their families in case of their sudden death etc. Other street crimes and robbery

lead to car insurance as a part of our culture now.

Economical factors also lead IGI to capitalize as the cars are available on lease on low

mark up so people rushed to them and so as per requirement they have to be insured as

well.

Governmental factors which IGI find opportunity is the regulatory requirements like a

commercial building should be insured, employees of organizations should have

insurance etc.

Technological factors that IGI considers like GPS vehicle Tracking system, automatic

fire alarms etc.

These all environmental factors are relevant to the organization and the strategy is designed

considering them all.

5.2. ENVIRONMENTAL MONITORING THROUGH SCANNING:

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Yes , the organization monitors its environment through scanning, it had its own team of analysts

who get the information about the current trends. Its products research and development teams

also work on the environmental scanning. They always have a backup plan if any of their plans

fails similarly how to out play their competitors. The data of the population, their demographics,

and the new innovations all of them have to be scanned as future is unpredictable and there is

tough competition in such a volatile business environment.

An internal environmental scan involves looking at the present capabilities of the organization

(infrastructure, hardware, personnel, abilities, structure, etc) and that information can be

compared to what the organization will need in the future to achieve its strategic goals.

In terms of organizations and strategic planning, an environmental scan involves considering the

factors that will influence the direction and goals of their organization. And, it includes

consideration of both present and future factors that might affect the organization, since, they are

planning for the future, not just the present.

For example, an environmental scan might project that in the next ten years, the number of

people (potential customers) between the ages of 18-24 will increase from 30% to 40%. That's

important information if they want to decide what kinds of new products they might consider

introducing into the marketplace. Should they work on developing products targeted at a

dwindling senior’s population? Or should they develop products to take advantage of the shift to

a youth dominated market. The environmental scan forces them to look at these factors.

6. STRATEGY IMPLEMENTATION AND EVALUATION:

The above discussed factors are considered while making the strategy and in the end considering

all the data of environmental scanning, SWOT and pest are evaluated and then strategy is being

made.

Another back up strategy is also being made to consider any discrepancy or other uncertain event

etc. So according to standard the strategy is implemented like in case of any accidental vehicle

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its pictures are taken at the spot , interviewed the driver similarly before finalizing any building

for insurance certain test of its material , fire exits all are evaluated then any decision is made

whether to insure it or not as per strategy is considered then. The strategy is implemented at all

business levels and stakeholders are set notice if any change comes.

Over the period of time, IGI has developed it’s organization, it’s people have developed both

professionally and personally, and together all have been rewarded with profitable sales growth,

diversification, and new market penetration which shows the effective development and

implementation of strategies at IGI.

Recently IGI has joined hands with PAMADA, The agreement will effectively include, “IGI

Auto Cover” in PAMADA’s exclusive panel of automobile insurance providers for prospective

buyers.

In a statement after the signing ceremony Mr. Saulat Said, CEO of IGI Insurance said,

“We are making major headway in the automobile insurance sector. Our aim is to introduce “IGI

Auto Cover” to PAMADA association so that it becomes the preferred choice for individuals

when they consider automobile insurance.”

IGI Insurance Limited also introduced the IGI Insurance Travel Sure Umrah Plan exclusively for

the sacred journey of Umrah. With the approach of Ramazan, IGI Insurance Limited decided to

bring forward a comprehensive solution to provide pilgrims with a hassle-free experience and

protect them from the troubles of travel.

The IGI Travel Sure Umrah Plan ensures safety and convenience by offering additional services

including lost luggage, legal referral, telephone medical advice, arrangement of hospital

admission, medical translation service and delivery of essential medicine. Furthermore, families

can avail cover of up to $2000 for children between age 1 month and 18 years.

These are some of the areas where IGI is expanding and developing strategies to expand in other

sectors as well.

7. CONCLUSION:

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IGI is one of the leading insurance company in Pakistan with wide range of products and it has been

providing comprehensive risk management services since 1953.. Their covenant with the customers has

always been to provide the best risk management services in Pakistan. Thus they have achieved through a

total commitment to customer satisfaction, a highly professional attitude towards underwriting risk and

prudent management practices. By developing a long-term relationship with their clients, in the last four

decades, they have strived to create value for their customers and shareholders alike.

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8. ANNEXURE 1:

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9. ANNEXURE 2:Graphical High Lights Of IGI performance

    

HIGHLIGHTS(Rupees in Million)

PREMIUM AND LOSSES(Rupees in Million)

   FIRE DEPARTMENT

(Percentage)NUMBER OF POLICIES SOLD

   UNDERWRITING PROFIT TO GROSS

PREMIUM RATIOMARKET PRICE PER SHARE

(Rupees)

   RETURN ON EQUITY

(Percentage)SHAREHOLDER'S EQUITY AT BOOK VALUE

(Rupees in Million)

   

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REFERENCES:

http://www.igiinsurance.com.pk/assets/pdf/Health.pdf

http://www.lmi.ie/IGI_Insurance.pdf

http://www.thinkingmanagers.com/business-management/business-strategy.php

http://www.igi.com.pk/company_Profile.asp#Insurance

IGI annual report 2008-09