This role combines banking and insurance expertise to offer insurance products and services to bank customers Insurance Officers working in Bancassurance are responsible for selling insurance policies, assisting clients with claims, and ensuring compliance with regulations They work collaboratively with the bank's staff to provide customers with comprehensive financial solutionsKey Responsibilities: Customer EngagementDevelop strong relationships with bank customers and identify their insurance needs through consultations and needs assessments Product KnowledgeHave an in-depth understanding of various insurance products and policies, and effectively communicate their features, benefits, and terms to customers Sales and Cross-Selling: Actively promote and sell insurance products to bank customers, utilizing. cross-selling opportunities to increase insurance policy penetration Consultative SellingUse a consultative approach to tailor insurance solutions to individual customer requirements, taking into account their financial situation and risk tolerance Quoting and ProposalPrepare insurance quotes and proposals, explaining coverage options, premiums, and policy terms clearly to clients Documentation and Compliance: Ensure all documentation related to insurance transactions is accurately completed and compliant with regulatory requirements Customer SupportProvide ongoing support to customers, assisting with policy servicing, claims processing, and any inquiries or concerns Claims HandlingGuide customers through the insurance claims process, acting as an intermediary between the customer and the insurance company Relationship ManagementCollaborate with bank staff, including relationship managers and financial advisors, to identify potential insurance opportunities and provide training on insurance products Market ResearchStay informed about industry trends, competitor products, and regulatory changes to remain competitive and compliant Targets and GoalsMeet or exceed sales targets, revenue goals, and performance metrics set by the bank and insurance partners Qualifications: bachelor's degree in finance, business, or a related fieldRelevant insurance certifications or licenses are advantageous Proven experience in bancassurance. Strong interpersonal and communication skills to build rapport with clients
Employement Category:
Employement Type: Full time Industry: Insurance Role Category: Sales / BD Functional Area: Not Applicable Role/Responsibilies: Area Sales Manager(ASM) for Banca Channel