Governance Strategy

The Board of Directors of The Pakistan General Insurance Company Limited (PGI) plays a vital role in steering the company towards sustainable growth and renewed success. Following the cessation of operations in 2017, the Board’s strategic leadership was pivotal in the company’s revival in 2024, marking a new chapter in PGI’s journey. As a collective body, the Board is responsible for setting the company’s strategic direction, ensuring alignment with its long-term vision and goals. This involves not only determining the strategic orientations but also establishing a comprehensive framework for oversight, governing the actions of the Executive Management team. The Board carefully monitors the execution of these strategies, evaluates progress against established objectives, and makes necessary adjustments to navigate challenges and capitalize on emerging opportunities. Beyond strategic guidance, the Board is tasked with safeguarding stakeholder interests, ensuring compliance with regulatory standards, and upholding the highest standards of corporate governance. By fostering a culture of accountability and transparency, the Board enhances PGI's credibility within the insurance sector and strengthens trust among clients, partners, and stakeholders. Supporting the Board is the Executive Management team, which collaborates closely with the Chief Executive Officer (CEO) to manage the day-to-day operations of PGI. This team is responsible for developing, refining, and executing the strategic priorities set by the Board. Their role spans operational management, resource allocation, and performance monitoring, all aimed at achieving PGI's objectives and enhancing its market position. Comprising seasoned professionals with extensive industry experience, the Executive Management team brings diverse insights and expertise to their respective roles. They work collaboratively to ensure that the company’s strategies are translated into actionable plans, with operational initiatives aligned to the broader strategic vision. This teamwork fosters innovation, enhances efficiency, and drives growth across all areas of the business. Together, the Board of Directors and the Executive Management team create a strong governance framework that promotes strategic alignment, operational excellence, and sustainable development. Their combined efforts have been instrumental in PGI’s revival and ensure that the company remains agile in a dynamic market while steadfastly pursuing its mission to deliver exceptional insurance solutions. Through their effective leadership and commitment to excellence, PGI is well-positioned to navigate the complexities of the insurance landscape and continue its legacy of trust and reliability.