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
SCB Joins Hands with ACE Life to Develop Life Insurance Products to Well Match C...
BANGKOK, Nov. 4, 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) to jointly develop and offer well tailor-made life insurance products so as to respond to demands a...
Research and Markets: Life Insurance in Hong Kong - Key Trends and Opportunities...
Research and Markets has announced the addition of the "Life Insurance in Hong Kong, Key Trends and Opportunit
Insurance Bill could spur sector re-rating: Espírito Santo Securities Research
The passage of the Insurance Laws (Amendment) Bill could spur sector re-rating, according to Espírito Santo Securities (ESS) Research. ? Bancassurance players are best placed to gain market share and register RoEVs (Return on Embedded Value) of 20% from FY16 onwards,? it said.
A.M. Best Revises Outlook to Positive for Mansard Insurance Plc
A.M. Best has revised the outlook to positive from stable and affirmed the financial strength rating of B and the issuer credit rating of ?bb+? of Mansard Insurance Plc (Man
Diners Club International Continues to Increase Merchant Acceptance in France
Diners Club International, Ltd., a business unit of Discover Financial Services and part of the Discover Global Network, and Crédit Mutuel-CIC Group, France?s largest merchant acqu
Honeyman: Good faith, 2
ON AUGUST 29, 2008 we purchased, through our then bank, Banco de Oro Unibank Inc. (BDO) Hilado branch, a single premium medium term (five years) insurance policy. We paid in full, completed the formalities, and were told by the Philam Life Financial Services Executive (FSE) that the policy would be ...
Fitch Affirms Etiqa Insurance at IFS 'A'; Outlook Stable
(The following statement was released by the rating agency) SINGAPORE/HONG KONG, November 17 (Fitch) Fitch Ratings has affirmed Malaysia-based Etiqa Insurance Berhad's (EIB) Insurer Financial Strength ...
Research and Markets: Life Insurance in Egypt, Key Trends and Opportunities to 2...
Research and Markets has announced the addition of the "Life Insurance in Egypt, Key Trends and Opportunities
We want Ulips to form 45% of our portfolio: Arijit Basu
Insurance firm SBI Life Insurance has shown growth in both profitability and new business premiums, at a time when the industry has just begun to emerge from the volatile economic condition to show some green shoots.
Research and Markets: The Insurance Industry in Morocco - Key Trends and Opportu...
Research and Markets has announced the addition of the "The Insurance Industry in Morocco, Key Trends and Opportun
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