Life Insurance Council, the industry body of all life insurance companies in India recently signed a Memorandum of Cooperation with German Insurance Association, (Gesamtverband der Deutschen Versicherungswirtschaft e.V.) to promote a cooperative relationship & mutual understanding between the 2 insurance industry bodies.
This is first-ever tie-up with an international industry body of another country. This would act as a platform for exchanging information, discussing matters and activities of common interest pertaining to the Insurance industry.
Mr. V. Manickam, Secretary General Life Insurance Council, said, “Our association with GDV would be beneficial to the life insurance industry in India as it is still in its developing stages. We hope to adopt the best practices in respective countries, in our effort to reach out to all sections of the globe with our one-point agenda to spread life insurance awareness.”
To confirm and develop cooperative relationships the industry bodies will conduct employee exchange programs, through which representatives from Life Insurance Council and German Insurance Association will visit each other’s country.
Mr. Rolf-Peter Hoenen, President German Insurance Association said, “The signing of the memorandum will give us opportunities galore, in terms of contributing joint research and study activities and setting up of regional offices. This will increase the support and strengthen not just our association but our member companies as well”
No comments:
Post a Comment