Bancassurance Consultants Worldwide Ltd.

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Success of Bancassurance depends on the right mix of strategy and channel management. More bancassurance experiments have failed than succeeded due to strategic mismatch. Large customer base and a plethora of products necessarily does not bring volume on the table. CEOs have often wondered and scratched their head trying to figure out the reasons behind the sluggish development of bancassurance.
At Bancassurance Consultants Worldwide Limited (BCWL), we have the necessary know-how and experience to make it work. We have consultants who have domain knowledge in bancassurance and who have actually been bankers and insurers themselves.

We help you gain a head start and achieve sustained growth in bancassurance. We also stand by you in the implementation process and ensure that proper channel management strategy and implementation actually delivers and helps you achieve the target. Bancassurance Consultants Worldwide Limited (BCWL) supports Banks and Insurance Companies in their pursuit for excellence. We support our clients at every stage of their business cycle and hand-hold them till the very end to ensure that efforts and resources invested actually fructifies. We provide open architecture product development platform. You decide which product or combination of products fits into the requirements of a particular segment of your client base. If you are not sure, talk to us. We have specialists who have been bankers themselves and would be happy to assist you.

CONSULTING


- Setting up bancassurance agency / department for the bank
- setting up a subsidiary or JV insurance company
- Bancassurance set up restructuring
- Restructuring of insurance company
- Takaful formation, setup and operation
- Compliance and regulatory support
- Rating for insurance companies
- Quality assurance - ISO certification support

                                                                           
                                                                              
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PRODUCT DESIGN


- Tailor-made and bespoke bancassurance products  
- Target oriented bancassurance products
- Product enhancements
- Products linked to Bank's Assets as well as Liability portfolio
- Reinsurance support
- Sharia compliant products
- Investnment and unit linked products
- Annuity and Pension products                                             

                                                                      
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BANCASSURANCE TRAINING


- Knowledge management
- Product specific training
- Agent certification courses for regulatory purposes
- Training on insurance and bancassurance technical topics
- Segment oriented training, e.g. marine, fire, motor, etc.
- Sales technique training
- Motivational training
                                                                         

                                                                           
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CHANNEL MANAGEMENT


- Product distribution management
- Reward management including incentive structure
- Balance score card
- Managing product-distribution fit
- Process flow management including P&P
- Bank-Insurance integration
- Sales support & management
                                                               

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World Bancassurance Update
Federal Bank, Max Bupa tie up for bancassurance
Federal Bank entered into a tie up with Max Bupa in a Bancassurance Corporate Agency arrangement to provide comprehensive health insurance plans of Max Bupa to 24 million households of the bank?s clients across 1163 branches of the bank pan India.
Concise Analysis of the International Bancassurance Market - Forecasts to 2018
DUBLIN, Mar. 26, 2014 /PRNewswire/ -- Research and Markets ( http://www.researchandmarkets.com/research/6jkdlq/global ) has announced the addition of the "Concise Analysis of the International Bancassurance ...
Research and Markets: Concise Analysis of the International Bancassurance Market...
Research and Markets has announced the addition of the "Concise Analysis of the International Bancassurance Market - Fore
Life Insurance in the the US, Key Trends and Opportunities to 2017
LONDON, April 17, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report: Life Insurance in the the US, Key Trends and Opportunities to 2017 http://www.reportbuyer.com/banking_finance/insurance/life/life_insurance_us_key_trends_opportunities_2017.html ...
UBI Banca revises accords with British insurer Aviva
Italy's UBI Banca has agreed to sell Aviva a further 30 percent stake in two life bancassurance ventures, previously jointly controlled, and buy back from the British insurer minority stakes in three of ...
Non-Life Insurance in the the US, Key Trends and Opportunities to 2017
LONDON, April 17, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report: Non-Life Insurance in the the US, Key Trends and Opportunities to 2017 http://www.reportbuyer.com/banking_finance/insurance/life/non_life_insurance_us_key_trends_opportunities_2017.html ...
Research and Markets: Bancassurance Market in China 2014-2018: The Expansion in ...
Research and Markets has announced the addition of the "Bancassurance Market in China 2014-2018" report to their o
Bank Muscat and AIG Form Bancassurance Partnership in Oman
DUBAI--(BUSINESS WIRE)--Bank Muscat and AIG have entered into a 10-year bancassurance agreement in Oman, whereby AIG will become the exclusive provider of non-life insurance products to Bank Muscat customers in Oman.
East West to sell P5B shares
East West Banking Corp. yesterday said it will sell 500 million preferred shares, proceeds of which will be used to finance its bancassurance plans and the establishment of a leasing company.
Bank Muscat, AIG to partner on bancassurance
(MENAFN - Muscat Daily) Bank Muscat and American International Group, Inc (AIG) have entered into a ten-year strategic bancassurance agreement under which AIG will become the exclu...
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