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
KBank partners Muang Thai for non-life bancassurance
Kasikornbank (KBank) will actively sell non-life insurance from this year onwards in what it sees as a market that has room for growth.
J&K floods may trigger higher motor claims than Uttarakhand
With the Valley battling one of the worst floods in recent decades, general insurers are anticipating claims mostly from motor vehicles, shops and establishments and homes inundated with water.
Canara HSBC OBC Life to focus on 'bank partners'
Canara HSBC Oriental Bank of Commerce (OBC) Life Insurance, which is the only insurance company to not have insurance agents as distributors, will continue its focus on its bancassurance channel.
Canara HSBC OBC Life launches CHOICeNET
Canara HSBC Oriental Bank of Commerce Life Insurance today announced e-integration in bancassurance with the launch of CHOICeNET, a portal embedded with the partner banks' intranet that allows bank employees to provide end-to-end information for their customers' life insurance policies.
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Personal Accident and Health Insurance in Russia, Key Trends and Opportunities t...
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BDO insurance JV posts H1 growth
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Life insurance firms expect to rely more on IT
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A.M. Best Revises Outlook to Stable for Life Insurance Corporation (Internationa...
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