We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Bancassurance and assurancebank strategie - Essay Example

Comments (0)
Best Affirms Ratings of HSBC Insurance (Asia) Limited’. [Online] Available at http://www.thefreelibrary.com/A.M.+Best+Affirms+Ratings+of+HSBC+Insurance+(Asia)+Limited.-a0163062806 (Accessed: 6 November, 2009). 14
The tide of liberalisation and…
Download full paper
Bancassurance and assurancebank strategie
Read TextPreview

Extract of sample
Bancassurance and assurancebank strategie

Download file to see previous pages... Hence, an opening up of the markets eventually led the production houses to operate in an environment saturated with stringent competition. The companies worldwide have responded to this change by adapting themselves into newer strategies while designing their financial plans. Many firms have introduced added features in their operations so that they are able to meet more of the people’s demands and thus are able to capture a higher fraction of the market. Since it becomes easier for people to shop or transact under the same roof, this introduced feature is enough to lure them (Staikouras, 2009).
One such move that was simultaneously embraced by the insurance as well as the banking sector was that of indulging themselves in each other’s activities. Hence, two new strategies of ‘bancassurance’ and ‘assurancebank’ were introduced in some of the units in the banking and the insurance sectors respectively (Nurullah & Staikouras, 2008). For instance, in Europe, there is the HSBC Bank which has adopted the strategy of ‘bankassurance’ while there is the ING Group which has embraced the other strategy.
The strategy of bancassurance implies an embedding of the insurance sector in the activities of the banking sector (Ennew & Waite, 2007). The advantage to the customers in case such a strategy is introduced are, firstly, they are able to transact under a single roof which is time as well as cost-saving, and secondly, the moment that a customer takes some loan, he automatically is entitled to the insurance benefit that accompanies it. Thus, if the loan is meant for some investment and it fails to reap the returns it is expected to yield after a specified time period, then an insurance coverage will help him to forgo the loan and thus the person’s tremor is reduced by a great extent.
The HSBC Group adopted the ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Improving service productivity
As a consequence, the company has more resources at its disposal to spend on R&D and supplementary services. So, there is incentive for managers to improve service productivity. Productivity is usually measured as the quantity of output produced with respect to the quantity of inputs.
2 Pages(500 words)Essay
Corporate financial management
It can be said that the Group is one of the largest and chief retail banks in the UK having a diversified and a large customer base. It is worth mentioning that the company is quoted both in New York Stock Exchange as well as London Stock Exchange (Lloyds banking Group.
8 Pages(2000 words)Essay
Interview as a management strategie
The business in the region has set out to accomplish their goals and objectives through ethical means. The fundamental purpose of the restaurant is to achieve maximum profitability from its operations. Subsequently, the business focuses on developing a reputable global brand in delivering high quality products to its clients (Handlechner 3).
3 Pages(750 words)Essay
A life insurance company moves from a brick and mortar business to an automated environment, in which strategic leadership is very important. The leadership team may need to evaluate: strategy to deal with channel conflict and assess type of products suitable for web distribution as well as techniques to strengthen customer relationships.
9 Pages(2250 words)Essay
Human resource management
Although most companies have given least priority to HRM, particularly while signing joint venture and alliance agreements, there are many
27 Pages(6750 words)Essay
International Market Entry and Development
Reputable markets in the developed countries are nowadays becoming more geographically concentrated as direct vertical relations and free information flows are developed within retailers, customers and suppliers. However there has been a dire need to
5 Pages(1250 words)Essay
Operations management
Currently it is ranked eighth and is the third biggest car manufacturer. According to Forbes, Volkswagen (VW) has the biggest market share in Western Europe. Currently VW Group owns most of the major names in
6 Pages(1500 words)Essay
Develop marketing strategie
Since obesity affects much of the adult population, the organic foods would make them top priority and a special one for the young generation since they provide the future market. Over the time, the
2 Pages(500 words)Coursework
Global Human Resource Management
Globalization rise offers numerous significant challenges to a company seeking presence on the international stage. A number of strategic factors should be taken into account prior to dedication at an international level and later. For a company or organization to
8 Pages(2000 words)Essay
Let us find you another Essay on topic Bancassurance and assurancebank strategie for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us