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Passion Global 2011
 
 
 
Growth through Innovative Products for Life companies

The "product solutions" include a report of products offered by key players within the category, development of business plan, product development, negotiations with distributors/affinity groups, setting up of the underwriting and claims management functions within the Organisation, and the placement of the reinsurance arrangement for these products. These include:

  • Affinity Group Products
  • Innovative Protection Solutions
  • Bancassurance Products
  • Corporate Solutions
  • Creditor Life Solutions
  • Investment Product Solutions
  • Health Solutions

Growth through Innovative Distribution for Life companies

The "distribution solutions" include a report of popular products offered by key players within the distribution channel, development of business plan, product development, negotiations with distributors/affinity groups/insurers, setting up of the underwriting and claims management functions within the Organisation, and the placement of the reinsurance arrangement for these products.

  • Offshore Market Development
  • Maximise Fee Income Solutions for Banks
  • Development of Telemarketing and Direct Marketing Solutions
  • Development of Alternative distribution eg Affinity groups

Profit Enhancement Programs for General Insurance

Private Motor insurance forms a large proportion of the business for general insurers. There is significant room for more effective portfolio management of these portfolios to enhance profit through

  • a strategic review of the profitability of the personal lines portfolios (eg motor and health) including segmentation of the portfolio,
  • re-alignment of the distribution and incentives to target profitable market segments,
  • development of the management information requirements to monitor progress, and
  • implementation of ongoing refinements to improve the mix of business in favour of profitable segments.

Development of Business Intelligence for competitive advantage in General insurance

including the design of the Management Information System for pricing, reserving, segmentation studies, and performance monitoring. In addition, we will build monitoring mechanisms to track "quality of business" across distribution channels for the key product lines in each country.


Pricing of insurance products:
Developed pricing models including GLIM poisson log-linear models for Motor, Workers' compensation and Healthcare portfolios for operations across Asia balancing the need for marketability and profitability.

Mergers and Acquisitions
Valuing insurance companies in Mergers & Acquisition.
Actuarial review of reserves for General insurance companies for local and statutory accounts.

Investment Strategies - Asset allocation for the Policyholders' and Shareholders' funds in order to meet future claim payments with a high degree of certainty as well as to achieve a healthy growth in the shareholders' funds.