It is an efficient distribution channel with higher productivity and lower costs than traditional distribution channels. These cost advantages are particularly significant in the more integrated models.
Specific to the Asia Pacific Region, it is expected that the bancassurance industry will gather pace and grow rapidly across the region, particularly in 8 main markets - China, Hong Kong, India, Indonesia, Japan, South Korea, Thailand and Vietnam. While the magnitude and nature of bancassurance vary greatly from country to country, one thing is certain - emerging markets in the Asia Pacific region offer the most potential for bancassurers, as a consequence of growth in the underlying insurance market and the fact that the share of the bancassurance channel is likely to increase.
Equip Global's 3-day masterclass, taking place in Singapore from 26-28 February 2019, has been designed to provide a complete guide to setting up, planning and executing a successful Bancassurance department and strategy. The event is supported by XPRIMM Publications as Media Partner.
The comprehensive agenda will cover all the necessary knowledge and lessons learned on how to achieve sustained growth in bancassurance. It will go in-detail on key topic areas including Bancassurance strategy development, Bancassurance Partnership Development, Bancassurance Product Development & Innovation, Product Distribution & Channel Management, Complying to Country-Specific Regulations, Bancassurance Opportunities & Challenges, & Successful Execution of Bancassurance Strategies amongst others. In addition to presentations of the subjects, participants will be challenged in actual project case studies to apply the principles discussed.
To learn more about the leading Bancassurance Masterclass 2019, please visit the event website or email to email@example.com.