Life Insurance Health

?We are prepared to sell ubiquitous word products as they are not really difficult like life-insurance policies. We can sight a staff to sell a products and each bend might need to have a broker?s licence,? boss Nusara Banyatpiyaphod pronounced final week.

Now consumers can squeeze both life and non-life policies, whatever they want, underneath one roof, he said.

As a regulator, a Insurance Commission is deliberation regulations that will safeguard satisfactory practices for consumers as good as satisfactory foe for a industry?s players.

Cross-selling is an engaging selling channel to boost a company?s sales, though word companies meditative of removing into cross-selling should request for broker?s licence, he said.

The association ranks eighth by sum premiums in a life word business. It now hopes to strech a severe aim of Bt3.5 billion in first-year premiums this year, adult from a prior idea of Bt3.08 billion. The association has also set a yardstick for tolerable expansion ? an normal of 20-25 per cent per year.

Since final year, a association has left by a indiscriminate corporate renovate to modernize a picture and whet a handling efficiency. Of a 264 branches, some 100 have already been renovated with a new pattern concept.

The tip executives in |key operations, including arch actuary, conduct of risk management, conduct of information technology, conduct of selling and conduct of corporate strategy, have been recruited to expostulate destiny growth.

Since it was determined 62 years ago, a association has focused on a grassroots and a pivotal sales channel agency. It depends 13,000 agents |today and wants to supplement 3,000-3,500 some-more per year. The association ranks fourth in a distance of a group force, though skeleton to pierce adult to second within 5 years.

?We mostly concentration on a representative channel to safeguard a long-term stability. This devise generates over 90 per cent of a sum premiums,? he said.

The association is looking for other bank partners besides Land and Houses Bank to boost a sales by a bancassurance channel.

The Insurance Commission?s devise to tie regulations on risk-based collateral has forced a association to |be some-more clever with a invest-|ment. Its investment portfolio is |concentrated in supervision bonds, accounting for 40 per cent, follow-|ed by debt loans 14 per cent, |policy loans 13-14 per cent, cor-|porate holds 10 per cent, leases 2-3 per cent, bonds some-more than 2 per cent and a residue in resources and other assets.

The company?s sum resources strech Bt60 billion and a investment portfolio has grown to Bt50 billion-Bt60 billion. The risk-based collateral manners have stirred a association to strike a improved change between yields and process maturities.

Ocean Life Insurance asks Oic

Source: http://lifeinsurancehealth.net/revamped-ocean-enger-to-crooo-sell-non-life-insurance-policies/

meteor shower haaretz george lopez sytycd denver broncos powerball numbers powerball