Bancassurance

The introduction of Bancassurance has redefined the way in which insurance products are distributed in many parts of the world. The concept is evolutionary and many different models have been successfully adopted around the world. These range from organic growth, to alliances, joint ventures, and mergers and acquisitions.

Selecting the right model is crucial - even the subtlest differences in operating practices and culture can result in a successful model in one institution failing in its application in another.  NMG is well placed to support and guide businesses through the process of selecting the right Bancassurance model. (link to drill down page on existing site, under Consulting/ Distribution)

We assist our clients through model evaluation and selection using a number of robust methodologies that are supported by the experience of our consultants, many of whom have worked within the Bancassurance environment. Our experience in this channel has ranged from reviews of existing Bancassurance models and assessment global of best practice, to the creation of new bancassurance channels.