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
- 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
Biba 2012: DUAL launches Singapore operation - Insurancetimes.co.uk
bancassurance as well as direct. Mark Spadaccini, who is currently managing DUAL?s Western Australian operations, will move to Singapore in August to lead the new operation. DUAL Hong Kong manager Philip Chiu has led the group?s expansion into ...
Bahrain: Insurance looks to steady growth - Zawya.com
Looking to build on recent successes, Bahrain's insurance sector is reaching out to potential clients through greater use of tools such as bancassurance. The sector is also hoping plans for increased infrastructure spending will boost the call for coverage ...
HSBC sells general insurance biz for $914 mln - Reuters UK
The deal, the latest in a series of cost cut initiatives under the new HSBC CEO Stuart Gulliver, includes a 10-year bancassurance agreements with AXA and QBE. HSBC has cut 11,000 jobs and sold 19 businesses as part of Gulliver's plan to cut ...
ING employees to assit bank sales staff - Nation - Thailand
To achieve more consistent premiums, ING Life Ltd plans to make the sale of life-insurance products through the bancassurance channel simpler and quicker, and seeks to boost the efficiency of sales staff. Chief bancassurance officer Poolap Penkitti said ...
KBC Group NV - Strategy and SWOT Report - new company profile report - Transworld News
KBC Group NV ('KBC Group' or 'KBC' or the 'group') is an integrated bancassurance group, engaged in the provision of retail and private banking, insurance services, asset management, corporate services and other financial services. The group operates ...
KPI boosting retail customer base to double return on equity - Nation - Thailand
The company will work through the bancassurance channel and co-develop product bundling with KTB. Premiums through bancassurance account for 50 per cent, with the rest from telemarketing and agents. Gross premiums this year are expected to grow by 21 per ...
Adviser Workshop: What are the pros and cons of hiring former bank advisers? - Citywire.co.uk
For me, the biggest benefit was having known the individuals I hired for a long time [I used to work at HSBC], so perhaps my reasons for employing someone from the bancassurance sector are different, but I still think there are benefits.
Lloyds Banking Group plc - Yahoo Finance
In addition, this division operates as a general insurance and bancassurance distributor, and offers range of long-term savings, investment, and general insurance products. Its Wholesale division provides banking and related services to multinational ...
Life Insurance in Argentina, Trends and Opportunities to 2016 - new market research report - Transworld News
Argentine life insurance is highly reliant on the bancassurance channel for distribution. During the review period, insurers recognized bancassurance as an important and cost-effective channel for the distribution of life insurance due to the significant ...
Banks home in on fee-based income - star.com.my
Among the areas that they are strongly focusing on to garner a larger slice of the non-interest income business are in investment banking and treasury activities, wealth management and bancassurance. OCBC Bank (Malaysia) Bhd, whose non-interest income ...
 
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