Bancassurance

Overview

Bancassurance, the convergence of banking and insurance services, has emerged as a powerful strategy for financial institutions to diversify their product offerings and enhance customer relationships. This course provides a comprehensive understanding of the bancassurance model, exploring its intricacies, products, financial synergies, and risk management implications. Through a blend of theoretical frameworks and practical applications, participants will gain insights into the unique dynamics of bancassurance, enabling them to leverage this hybrid approach to drive business growth and mitigate risks effectively.

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Outcome

Provide a clear overview of bancassurance

Compare between banking and insurance: differences and similarities.

List bancassurance products

Apply different financial synergies

Evaluate risk effects of bank diversification into bancassurance.

Details

Developed by: Beacon FinTrain
Total Hours: 6 Hrs
Language: English - Bilingual "English & Arabic"
Modalities: 
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Outline

  • Bancassurance Concept
  • Bancassurance Evolution
  • Banking and Insurance: Differences and Similarities
  • Evolution of the Demand for Financial Services

  • Analysis of the Competitive Financial Services Environment
  • Changes in the Competitive Environment of Banks
  • Dynamics of the Insurance Industry
  • Profitability Trends in Banking

  • General Bancassurance Barriers
  • Clients’ Resistance
  • Optimal Org Structure Regulatory Frameworks and Constraints

  • Corporate Diversification Process
  • Diversification Strategies
  • Rumelt Specialization Ratio
  • Organizational Structure

  • Regulatory Trends in the Financial Services Industry
  • Regulations about Production,
  • Distribution & Ownership
  • IFRS Bancassurance Challenge
  • Supplementary Supervision
  • Drivers of Regulatory Framework
  • Regulatory Concerns

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Who Should Attend

  • Bankers interested in expanding their product portfolio and revenue streams.
  • Insurance professionals seeking to collaborate with banks and tap into new distribution channels.
  • Risk managers aiming to assess and mitigate the inherent risks associated with bancassurance.
  • Financial advisors looking to broaden their knowledge base and better serve clients with integrated banking and insurance solutions.
  • Regulators and policymakers involved in shaping the regulatory framework for bancassurance operations.

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

Guidance

Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

Integrity

We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.