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
Krungthai-AXA reshuffles top management for stronger distribution, eyes second p...
Krungthai-AXA Life Insurance has restructured its senior management to strengthen its distribution capabilities and prepare for future strategic challenges.
Research and Markets: Life Insurance in Denmark - Key Trends and Opportunities 2...
Research and Markets has announced the addition of the "Life Insurance in Denmark, Key Trends and Opportunitie
News In Brief
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AIA Beats Estimates With 22% Profit Jump
Chief Executive Officer Mark Tucker has boosted the number of agents, improved their productivity and shifted toward more profitable products since taking over as CEO months before AIA went public in October 2010. AIA?s profit beat the $3.19 billion average estimate of 14 analysts, according to data...
AIA Full-Year Profit Rises on China Business
AIA Full-Year Profit Rises on China Business
A.M. Best Affirms Ratings of PT Asuransi Jasa Indonesia (Persero)
A.M. Best has affirmed the financial strength rating of B++ and the issuer credit rating of ?bbb+? of PT Asuransi Jasa Indonesia . The outlook
Thai Life spurs agents with high income growth target
THAI LIFE INSURANCE has set an aggressive premium-growth target to encourage its agents, its main sales channels, to increase their efforts, said chief executive officer Apirak Thaipatanakul.
IRDAI considering multiple insurer tie-ups for banks
The Insurance Regulatory and Development Authority of India (Irdai) is mulling newer options for the open architecture of bancassurance (the selling of insurance products through banks).
Players urged to embrace Bancassurance
Players in the insurance industry are being encouraged to leverage on the bancassurance platform to increase insurance penetration in the country.
AIA?s full-year net profit rises on China business
AIA Group Ltd.'s full-year profit rose 22%, lifted by surprisingly strong growth in China. AIA is the only wholly foreign-owned insurer in China, where it reported the highest growth among its operating other markets, posting 55% surge in new-business value last year, a measure of insurers' ...
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