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
Debashis Basu: Regulators versus customers
You walk into a bank to roll over a fixed deposit (FD). After you take your seat, the bank executives suggest that instead of continuing to invest in bank FDs, why not buy this insurance product, which has terrific features.
Banks reluctant to become insurance brokers
Bancassurance in the insurance sector could still be a dream, with banks unlikely to be willing to become brokers, as higher liability and lower revenue might dissuade them.
Egypt- ALEXBANK launches Bancassurance Programme with MetLife Alico
(MENAFN - Daily News Egypt) ALEXBANK and Pharaonic American Life Insurance Company (MetLife Alico) launched last week a strategic partnership to provide comprehensive Bancassurance...
Tata AIA Life, Citibank enter into bancassurance tie-up
Mumbai, Jan 20 (PTI) Private life insurer Tata AIA Life and Citibank today entered into a bancassurance partnership in India to serve insurance needs of over 18.4 million households in the country.
Tata AIA, Citibank team up to sell customised insurance products
Naveen Tahilyani, CEO and MD, Tata AIA Life (left), and Kartik Kaushik, Country Business Manager, Consumer Banking, Citibank India, announcing their bancassurance partnership in Mumbai.
Tata AIA gets brand makeover with 'Making Good happen' campaign
Private life insurance company Tata AIA Life is undergoing a brand make-over and has launched the first of its campaign, in a series of a new communication campaign.
MIDF positive on RHB-Tokio Marine renewed partnership
MIDF Research views positivelythe renewed sweetened partnership between lender RHB Capital Bhd (RHBCap) and life insurer Tokio Marine Life Insurance Malaysia Bhd.
Life insurers queue up to partner DCB to sell its products
Life insurance companies are approaching DCB Bank (formerly Development Credit Bank) for a bancassurance tie-up, as the lender?s current contract with Birla Sun Life Insurance is coming up for renewal soon.
Research and Markets: Bancassurance in the Asia-Pacific Region: Strategies of th...
Research and Markets has announced the addition of the "Bancassurance in the Asia-Pacific Region: Strategies of
Site Last Updated 1:23 am, Sunday
KUCHING: RHB Capital Bhd?s (RHB Capital) recent announcement that RHB Bank entered into a new bancassurance arrangement agreement with Tokio Marine Life Insurance Malaysia Bhd (Tokio Marine) has left analysts feeling positive on the deal.
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