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Implementing 'Bancassurance' for Competitive Advantage, Lagos

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DateVenuePrice

Apr 25 2012 - Apr 28 2012Lagos₦ 120,000
Jul 25 2012 - Jul 28 2012Lagos₦ 120,000
Oct 24 2012 - Oct 27 2012Lagos₦ 120,000

Duration: 3 days

To arrange an alternative date for this course, please select the following:

Course Overview

The various sources of income in banking and some other financial service providers are thinning out due to competitive rivalry while insurance providers do not have access to the volume of customers that banks do. Hence the need for various players within the Financial service industry to leverage one another infrastructure, customer base and products to deal with the challenge of expanding income stream.

Course Objectives

  • You will have good working knowledge of the business model (bancassurance) that best harness these opportunities
  • You will know the different partnership arrangements within the model that will best suit your organisation and business environment
  • You would have acquired the requisite knowledge for detail analysis and implementation of the business model to the advantage of your organisation

Course Outline

  • Understanding the term ‘BANCASSURANCE”
  • Trend in financial service industry
  • Bancassurance as change management tool
    • The banker’s perspective
    • The insurer’s perspective
  • The Bancassurance business model
  • Benefits to all participant
    • Benefit to the bank
    • Benefit to the insurer
    • Benefit to the customer
    • Benefit to the legislator/government
  • Implementing Bancassurance (The Process)
    • Strategic analysis
    • Product development
    • Effective remuneration and incentive Scheme design
    • Training
    • Operational procedure
  • Critical Success Factor
    • Legal frame work
    • Distribution channel
    • Brand
    • IT
    • Customer behavior

*Course fee is not inclusive of VAT

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