Summary |
The Prospects for the General Insurance Industry in the coming years, therefore, appear very bright. But to achieve its potential the Industry will have to experiment with new methods and pattern of working. Any deviation from the traditional path carries risk. The Industry should not hasten at the risk of disturbing its stability but short term losses should not deter it from taking the bold path. Form my experience, I can say that the top management of the General Insurance Industry has the ability and the will to tackle its task. But initiative on their part will require active encouragement from Government who are the owners of this industry. It is the official attitude and response which will to a great extent determine whether there will be clouds or glow on the future horizons of the General Insurance Industry.
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