Bancassurance Consulting - Bancassurance Consultants Worldwide Ltd.

Go to content

Main menu

Bancassurance Consulting

Bancassurance Consultants Worldwide Limited (BCWL) is a management consulting firm and has been in business since 2003. Headquartered in London, BCWL consults banks and insurance companies and helps them increase their revenue out of bancassurance business. BCWL provides bespoke solutions and tailors it to the requirement of the customers, be it product development, regulatory or training. Our solutions are available for:

Banks, Building Societies and Other Financial Institutions:

  • Market Survey and Analysis including Feasibility analysis and Gap analysis for the banks who are already into bancassurance

  • Assistance in setting up a bancassurance division within the bank if already not doing

  • Setting up of Insurance Company (subsidiary) on a turn-key basis and arranging partners or investors if required

  • Writing policies & procedures for the bancassurance division including working out the process flow

  • Training on Insurance technicals and bancassurance sales techniques

  • Product development and integration with banking products to increase sales of core banking products like credit cards, personal loans, consumer loans, mortgage loans, etc.

  • Robust IT solution and software development to match the pace of increasing number of bancassurance products being launched

  • Assistance and advise on selecting a suitable partner to start bancassurance

  • Advise on suitable bancassurance strategy in tune with market and times

  • Help in preparing Agreement with bancassurance partners

Life Insurance Companies:

  • Product Development specific to bancassurance including assistance on finding reinsurance support

  • Help develop structured investment products including Annuity and pension products

  • Help enter new lines of insurance business, e.g. Personal Accident, Whole Life, Annuity, Mortgage Life, Medical & Health, etc.

  • Training on bancassurance and help pass compulsory certification / qualification as per local regulation

  • Guidance on preparing Bancassurance Agreements

  • Assistance in selecting a suitable bancassurance partner

General Insurance Companies:

  • Help develop products for various segments of bank, e.g. Credit Cards, Personal Loans, Trade Finance, Corporate Banking, Investment, Mortgage Loans, etc.

  • Assistance on finding reinsurance support for the bancassurance products

  • Training on bancassurance

  • Guidance on preparing Bancassurance Agreements

  • assistance in selecting a suitable bancassurance partner


  • Takaful formation, setup and operation

Compliance and regulatory support

  • assistance in getting a licence from regulators

  • submissions of application and other supporting documents

  • continuous engagement and dialogue with regulators till licence is obtained

Rating for insurance companies

  • Assist insurance companies or bancassurance entities to gain rating from S&P or AM Best

Quality assurance - ISO certification support

  • Helping bancassurance division or bancassurance company to achieve ISO Certification

Back to content | Back to main menu