18-01-2013, 03:20 PM
Jubilee General Insurance Company Limited
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Company’s Profile
Jubilee General Insurance Company Limited, established in 1953.
The most reputed company in its sector
Change of name from "New Jubilee Insurance Company Limited" to "Jubilee General Insurance Company Limited"
Jubilee General is listed on the Karachi and Lahore Stock Exchanges. Major shareholders include, Aga Khan Development Network, Aga Khan Fund for Economic Development and Hashoo Group.
its Head Office in Karachi, has an extensive and dynamic branch network in all major cities and towns of Pakistan that guarantees prompt service at the customer’s doorstep.
Jubilee General continues to innovate in terms of product development and distribution channels, as well as customer service
Development of senior leadership
Jubilee General Insurance developed its senior leadership for enhanced team effectiveness.
new human resource policies and business practices to better support the staff.
customized leadership development program and facilitated series of workshops on leadership skills.
one-on-one coaching and additional support to the heads of the company and other management team members.
They prepare competency-based performance assessment for evaluating both management and professional staff.
Change in culture
Change they took includes lots of interventions which are as follows :
Culture surveys and feedback
Small group interventions
Organization design interventions
The interventions focused on the behaviors and values that lie behind the items achieving results and getting recognition.
several ways were identified to better recognize good performance, to encourage people to stay and to treat people with respect.
areas for improvement: Opportunities to advance, being like a family, being honest about weaknesses, involving people in decision making.
The need for regular internal communications, including feedback from employees and the need to retain staff, with more training and development.