NATIONAL INSURANCE ACADEMY

PUNE

 

P849 - PROGRAMME ON COMPETITIVE INTELLIGENCE FOR RETAIL INSURANCE MARKETING (NON-LIFE)

(2024 - 25)

Background:

  “What enables the wise sovereign and the good general to strike and conquer, and achieve things beyond the reach of ordinary men, is foreknowledge.”   -by Sun Tzu, The Art of War.

 

Competitive Intelligence (CI) is an established practice involving the systematic analysis of the external environment to identify opportunities and threats. In the globally connected insurance business landscape, characterized by intensified competition, the pace of change is unprecedented. To thrive in this environment, companies require more than just early warning signals of external changes; they also need the intelligence to be pioneers in innovation and sustainability. Building upon the systematic review of the competitive landscape of the Retail Insurance market, the two-day training program is strategically crafted to refresh the skills of value creation and competitive differentiation.

 

Contents:

The focus of the program will be on the following aspects:

§  Understanding The Importance of Competitive Intelligence, Competitive Advantage, And Differentiation

§  Understanding The Current Competitive Landscape

§  Regulatory Developments

§  Evaluating Competitors’ Product Portfolios to Understand the Emerging Marketing Propositions.

§  Examining Competitors' Service Models and Customer Value Propositions

§  Leveraging Digital Marketing Tools for Exploring Trends and Collecting Intelligence

§  Communication And Presentation Skills

§  Critical Thinking and Analytical Skills

§  Formulating A Personal Action Plan

Objectives:

The program is designed to:

§  Equip participants with a comprehensive understanding of the dynamics of competition in the retail insurance industry.

§  Analyze current market trends and competitive forces impacting the business landscape.

§  Develop the ability to anticipate changes and proactively respond to industry shifts.

Participants’ Profile:

Indian: Officers of General Insurance Companies engaged in the retail insurance business and are responsible for the business development function.

 Duration:       2 Days

 Dates:             08.08.2024 – 09.08.2024