At the end of the programme, Deloitte will give some grades to each of the officials which will be taken into account for the selection executive directors by the FSIB at the time of final interview
New Delhi:
The government, for the first time, has roped in consultant Deloitte Touche Tohmatsu India for the preliminary scientific evaluation of eligible officials for the posts of nine executive directors(EDs) in the PSU general insurance industry before they are interviewed by its headhunting agency Financial Services Institutions Bureau(FSIB).
Deloitte is conducting a virtual assessment programme between Jan19-24 to evaluate over dozen of shortlisted general managers working in six PSU general insurers including GIC Re and Agriculture Insurance Company (AIC), from the behavioral point of view, for the post of EDs.
At the end of the programme, Deloitte will give some grades to each of the officials which will be taken into account for the selection by the FSIB at the time of final interview.
For the interviews of EDs, FSIB has already shortlisted a few of GMs , who were promoted in FY2022-23 and also in FY 2023-24, though they have not completed one year as GMs.
The largest, seven GMs from New India Assurance(NIA), the largest non-life company in the country, have received letters from FSIB for giving their consents,
FSIB in its mail has also indicated the name of the companies where the consenting officials, if selected, will be posted .
After deciding to convert the posts of general mangers and director(GMDs) into executive directors(EDs), the government has swung into action to fill up nine posts of EDs in the PSU general insurance industry.
Earlier, the FSIB had shortlisted five GMs from different PSU re/insurers to fill up the two forthcoming vacancies of CMDs at Chennai based United Indian Insurance(UII) and New India Assurance(NIA),the largest multinational general insurer in the country.
The five GMs are –BS Rahul, Agriculture Insurance Company(AIC), Sunita Gupta, Oriental insurance Company(OIC), Hitesh Joshi along with two of his other colleagues V Balkrishna and his spouse Jayshree Bala from GIC Re.
However, it is not yet known whether the government will hold interviews for the EDs before selecting the CMDs for two companies.