RMS Bancassurance

At RMS we provide consultancy services to banks and insurance companies. . We offer innovative products, suggest distribution methods and unique selling strategies to maximize business results. .

Our Bancassurance service includes the following:

• Review of existing bancassurance business
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• Provide recommendations and suggest winning strategies
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• Provide products, technology, insurance and reinsurance support through our partners
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• Develop business plan, which includes, recommendation on product, propose sales and operational processes and expected financials

Our Product support:

• We can provide insurance products that can be bundled with core banking products
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• We can provide standalone small ticket pre-underwritten products that can be offer to bank existing database
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• We can provide life and investment insurance products (unit-linked and non-unit linked)
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• We can develop Group Pension program
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• We have the capability to develop insurance premium financing products
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• We can provide Warranty products along with its back-end administration support
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• We have insurance product bouquet that can cater to Retail. Wealth Management, SME  and Corporate Banking customers

On the Products development stage our services include:

• Market research
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• Gap analysis
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• Product underwriting
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• Reinsurance arrangements
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• Price / Rate development
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• Guidance in developing marketing and communication material

On the Distribution stage our services include:

• We can support in the development of direct marketing, telemarketing, branch sales team, direct sales agents, telecommunication  and on-line business  proposition
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• Managing relationships between insurance companies,  banks or any other third party provider
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• Introduction and development of products
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• Development of  sales and operational processes
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• Review of agreement,  documentation
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• Licensing and Training
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• Establish seamless claims management
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• Advise banks and Insurance companies on how to improve efficiency with effectiveness
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• Development of sales promotional  and  incentive structure

On the Distribution stage our services include:

• Negotiations with call center providers
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• Evaluation of telephony systems
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• Ensure call centre capabilities that should meet company's requirements
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• Develop overall infrastructure for call centre including finalization of telco charges
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• Recruitment
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• Sales training
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• Product training
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• Scripts development
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• Monitoring and Continuous coaching
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• Sales / Campaign Management

Learn more about what RMS can do for your business

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