Bancassurance Consultants Worldwide Ltd.

Go to content

Main menu


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

                                                                           
                                                                              
<<MORE>>

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                                             

                                                                      
<<MORE>>

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
                                                                         

                                                                           
<<MORE>>

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
                                                               

                                                                     <<MORE>>

World Bancassurance Update
Security Bank, FWD Life Insurance forge exclusive bancassurance deal
Security Bank Corporation FWD Life Insurance Corporation have entered into an exclusive bancassurance arrangement for life insurance products. FWD Life will start offering life insurance products to Security Bank?s customer base, subject to regulatory approvals. This strategic partnership is expecte...
Security Bank strikes deal with Li Group
Security Bank Corp. (SBC) has struck a bancassurance partnership deal with the FWD Group, the insurance arm of Hong Kong tycoon Richard Li?s Pacific Century Group.
Honeyman: Financial impropriety
LAST week?s announcement that Security Bank Corporation (SRC) has entered into a bancassurance partnership with the FWD Group, a Hong Kong-based operation, was not entirely unexpected. Last February, SBC stated that it was negotiating with a foreign insurance company with a view to establishing a ba...
Security Bank set to enter bancassurance segment
Security Bank Corp. is set to enter the bancassurance business in partnership with a multinational insurance firm as part of its strategy to build up its retail banking presence.
Government in discussion with RBI over banks selling insurance policies
The move follows fresh complaints of customers being forced to buy insurance policies when they apply for loans or seek other banking services.
SCB Joins Hands with ACE Life to Develop Life Insurance Products to Well Match C...
BANGKOK, Oct. 31, 2014 /PRNewswire/ -- Siam Commercial Bank (SCB) is collaborating with ACE Life to strengthen its bancassurance business in Thailand through signing a Memorandum of Understanding (MOU) ...
Research and Markets: Bancassurance in Sub-Saharan Africa: Current State and Fut...
Research and Markets has announced the addition of the "Bancassurance in Sub-Saharan Africa: Current State and
Research and Markets: Home, Contents and Car Insurance - A Missed Cross-Sell Opp...
DUBLIN--(BUSINESSWIRE)-- Research and Markets (http://www.researchandmarkets.com/research/hgt6q7/_home_contents) has announced the addition of the "Home, Contents and Car Insurance - A Missed Cross-Sell Opportunity for Banks Report Summary" report to their offering. In Australia, the major...
Bancassurance in Sub-Saharan Africa: Current State and Future Perspectives to 20...
DUBLIN, October 17, 2014 /PRNewswire/ -- Research and Markets  ( http://www.researchandmarkets.com/research/9wqcbn/bancassurance_in ) has announced the addition of the  "Bancassurance in Sub-Saharan ...
China Bank, Manulife deepen ?bancassurance? alliance
China Bank and Manulife Philippines yesterday announced that they are strengthening their strategic bancassurance alliance through an increased bank ownership stake in the joint venture company Manulife China Bank Life Assurance Corporation (MCBL). Based on the agreement, China Bank is increasing it...
Back to content | Back to main menu