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
China Bank to hike bancassurance stake
SM Group-led China Bank plans to raise its interest in Manulife China Bank Life Assurance Corp. (MCBL) to 40 percent from 5 percent in order to unlock more value from the growing volume of business in its bancassurance partnership with global insurer Manulife Financial Corp.
News in brief
PH BONDS DROP, PESO GAINS Philippine bonds fell, driving the three-year yield up by the most in five months, as accelerating food inflation bolstered speculation interest rates will be increased this month. The yield on the benchmark three-year sovereign bonds jumped 29 basis points, the most since ...
Research and Markets: Global Bancassurance Market to Grow at a CAGR of 5.98 Perc...
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3cdgsz/global) has announced the addition of the "Global Bancassurance Market 2014 Report" to their offering. BNP Paribus Cardif, Wells Fargo Insurance, Credit Agricole and ING Groep Dominate the Glob...
Alliance upbeat on bancassurance
ALLIANCE Bank Malaysia Bhd targets to maintain 20pc growth for its bancassurance segment this year, driven by its partnership with Manulife Insurance Bhd.
Bancassurance Market in China 2014-2018: Key vendors dominating this space are C...
DUBLIN, June 24, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/nmwg5x/bancassurance) has announced the addition of the "Bancassurance Market in China 2014-2018" report to their offering. The Bancassurance market in China is expected to witness rapid ...
Standard Chartered inks bancassurance pact with ICICI Prudential
Standard Chartered Bank today announced that it has entered into a strategic bancassurance partnership with ICICI Prudential Life Insurance Company Ltd (ICICI Prudential Life).
ICICI PruLife, StanChart enter into bancassurance tie-up
Standard Chartered Bank today announced that it has entered into a strategic bancassurance partnership with ICICI Prudential Life Insurance Company Ltd (ICICI Prudential Life).
Standard Chartered, ICICI Prudential sign 15-yr bancassurance agreement
July 3: Private sector lender Standard Chartered Bank has signed a strategic bancassurance pact with private insurer ICICI Prudential Life Insurance Co Ltd for 15 years. The agreement came into effect ...
Standard Chartered Bank, ICICI Prudential Life ink bancassurance partnership
Standard Chartered Bank, ICICI Prudential Life ink bancassurance partnership
ICICI Pru Life, StanChart in bancassurance tie-up
ICICI Prudential Life Insurance Company Ltd (ICICI Pru) has entered into a bancassurance tie-up with Standard Chartered Bank, the largest foreign bank in India in terms of branches.U...
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