P797- BUSINESS GROWTH STRATEGIES INCLUDING COMPLIANCE FOR BROKERS (NON-LIFE)

Background:

The insurance sector in India has evolved through all the facets of competition - from being an open competitive market to being nationalized and then getting back to the form of a liberalized market once again. The history of the insurance sector in India reveals that it has witnessed complete dynamism for the past two centuries approximately.

General Insurance is a  major contributor to the Overall  insurance business in India. The increase in FDI to 74% in Insurance sector will bring in new sources for funding for the players, which will help them in strengthening their solvency.

The move will also help in improving insurance penetration, with business growth and also aiming for profitability.

This programme is aimed to provide a detailed insight into various aspects in Business growth, strategies to improve penetration of insurance in India , and also includes the role of Brokers. Brokers play a very vital part in insurance sector, by liaising between the insured and the insurer to provide a holistic view of risks, assessment and also during claims. Understanding the importance of Brokers regulation and the compliance related to insurance sector is also included in this course

Objectives:

This programme aims to give participants a comprehensive look at

Ø  Present market scenario of General insurance Industry

Ø  Financials of insurance GI Sector

Ø  Growth & Profitability

Ø  Various strategies for improving the business with growth

Ø  Brokers and the compliance regulations

 Contents:

 Ø General Insurance - Indian scenario

Ø Understanding Insurance accounts.

Ø Marketing strategies for Retail as well as corporate sector

Ø Digital Marketing – The game changer

Ø Brokers Compliance and regulatory aspects

Participants’ Profile: Officials heading Branches and Divisions. Officers dealing with marketing in Head office, Regional office. Relationship managers in corporate offices.

Duration:       2 days

Dates:             23.06.2022-24.06.2022