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
Life insurance firms expect to rely more on IT
Life insurers are focusing on technology development to enhance competitiveness and better match products to market requirements.
Life Insurance in Brazil, Key Trends and Opportunities to 2018
LONDON, Aug. 11, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report: Life Insurance in Brazil, Key Trends and Opportunities to 2018 https://www.reportbuyer.com/product/1591727/Life-Insurance-in-Brazil-Key-Trends-and-Opportunities-to-2018.html ...
Personal Accident and Health Insurance in France, Key Trends and Opportunities t...
NEW YORK, Aug. 20, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Personal Accident and Health Insurance in France, Key Trends and Opportunities ...
China Life feels market pinch as premiums slip
China Life Insurance (2628) president Lin Dairen said the firm will no longer pursue the objective of retaining one third of the domestic life insurance market amid fiercer competition and structural adjustments.
Manulife signs bancassurance strategic cooperation agreement with ICBC Macau
Manulife (International) Ltd and ICBC (Macau) announced that the two parties entered into a strat...
Personal Accident and Health Insurance in Canada, Key Trends and Opportunities t...
NEW YORK, Aug. 20, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Personal Accident and Health Insurance in Canada, Key Trends and Opportunities ...
Multi-partner bancassurance lifts Prudential Thailand
Using exclusive multi-partner bancassurance has proved to be a key springboard for growth at Prudential Life Assurance (Thailand), which has seen an improvement in the past year in its number of policyholders, new business and market ranking.
DBS Bank India Ties Up with Royal Sundaram to Sell Insurance Policies
Aug 7 -- DBS Bank India has entered into bancassurance partnership with general insurer Royal Sundaram Alliance Insurance Co Ltd to offer latter's insurance products to its banking customers. Royal Sundaram ...
Royal Sundaram enters into bancassurance tie up with DBS Bank
Royal Sundaram Alliance Insurance today said it has joined hands with DBS Bank India for distributing general insurance policies to customers of the bank.
Positives to drive steady growth of life insurance
Low penetration, ageing society, tax breaks: Fitch
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