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The study will determine the relationship of total quality management, to organization performance of selected bancassurance in China. This study will use the quantitative research approach were factors associated with quality management, and its relationship on the organizational performance will be assessed. Descriptive method will also be used specifically the descriptive-survey since the study will use surveys to gather data about varying subjects. This data will aim to know the extent to which different conditions can be obtained among these subjects. This study's inputs will be gathered from five (5) selected Bancassurance, out of thirty (12) branches in Guangzhou, China which is the target population of this study. The population of this study will specifically be based on the following qualifications which are: the respondents belong in the bancassurance sector; the respondents’ branch were in China specifically in Guangzhou; and the respondents will vary in number per branch, and only those who will be willing to cooperate in providing data.The organization's quality management level in terms of leadership plays a significant role in promoting quality. In addition, quality philosophy promotes innovation and creativity, influencing operations and decision-making. [ABSTRACT FROM AUTHOR]

Background: In a merger devised by Swiss institutions, UBS decided to buy its rival bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and accept up to $5.4 billion in losses. Following the Credit Suisse transaction, major central banks including the Federal Reserve, Bank of Canada, England, Japan, the European Central Bank, and others declared a coordinated act to increase the facility of liquidness through the destabilised S. dollar liquidity switch line engagements. This alternate arrangement was intended to calm frightened customers and increase the confidence of apprehensive lawmakers and investment bankers. Objectives: This primary objective of this study to analyse the Insurance capital index of the bancassurance provider of the Credit Suisse and rank the elements of index based on their performance, from best to worst. The secondary objective of the study is to comprehend the volatility of the Credit Suisse's significant performance ratios with respect to the stock price. Methodology: The period of study is from 2009 -2023 and the outcomes got have been analysed through Mean, Standard Deviation, Covariance, Coppock's Instability Index (CII) and Cuddy Della Valle Instability Index (CVDI) and to analyse the Insurance Capital Indices BWM MCDM Technique is used to study the relevance. Key Findings: The instability indexed through the stock prices with the Price to Sales and Price to Free Cash Flow (FCF) ratio aspects are the significant result of the controversies and scandals that took off since 2020. The Indices of the Insurance Capital also reveals the performance of each Index in different attributes concerning to the field of bancassurance. It holds an impact in the stock prices, market share and overall performance focusing on the future of Credit Suisse. Implications/Significance: As policy architects through the domain circumnavigate this unrestrained era, the policy outline necessity be directed by the objective of upholding macroeconomic stability. [ABSTRACT FROM AUTHOR]

Purpose of study: The effectiveness of organizational capabilities as a method for enhancing the functioning of the organizational immune system was investigated in this research. Methodology: A field research was carried out at an Iraqi insurance business with (150) personnel. This study was utilized to evaluate and answer all of the research questions using a quantitative method. Then, using hierarchical regression analysis with SPSS as an analysis tool, hypotheses for direct effects are tested(127) surveys valid for analysis. Result: According to the findings, there is a link between organizational capabilities and organizational immune system functions in the research community. Recommendations: The management of the Iraqi insurance company should pay attention to increasing employee training programs through training workshops related to the topics of the organization and organizational behavior, including organizational capabilities and the functions of the organizational immune system. Novelty/originality: The novelty of this study is the use oforganizational capabilities as a technique designed to enhance the functions of the organizational immune system which is very rarely done in Insurance companies, especially in Iraqi insurance company. [ABSTRACT FROM AUTHOR]

Bancassurance is an important channel for the distribution of insurance products. The stated advantages and disadvantages of banking insurance, also assessed by the importance of the cross-selling factor, determine conclusions and recommendations based on an insurance literacy survey. The great potential for the development of bank insurance through economies of scale and future sustainable insurance literacy of citizens responsibly connect and can be seen from the process of identifying and searching for customers by type of insurance and identifying their needs to enhancing distribution skills and actually improving the financial situation of each customer. The path of their mutual growth will be a highway. [ABSTRACT FROM AUTHOR]

The purpose of the article is to reveal conceptual frameworks for further development of the banking and insurance interaction in order to ensure the growth of the value of banking and insurance business on account of the more effective use of their potentials and opportunities. It is noted in the article that banking and insurance interaction is manifested as the provision of insurance services through banking institutions – Banсassurance, the provision of banking services through insurance companies – Assurbanking, the provision of integrated services within financial conglomerates – Allfinanz. In the course of the research, it was determined that the banking channel for the sale of insurance services is the most efficient, and Bancassurance is a system of insurance services sale through the extensive banking network. The necessity and importance of the Bancassurance development, which is actively used in all developed countries, but differs in scale, methods, organizational forms and final financial results, is revealed. This is especially relevant in the context of reforming the regulatory bodies of the state financial market. Within the study, the advantages and disadvantages of Bancassurance and the prerequisites for its development are revealed. Particular attention is paid to the requirements to insurance companies in the process of the Bancassurance implementation. It is noted within the article that the interaction of banks and insurance companies can be carried out at different levels, from the level of the cooperation agreement, agency agreement, banking and insurance cooperation, to the level of the corporate control through the mechanism of mergers and acquisitions and financial supermarket. Within the study the conclusions are made that further development of banking and insurance interaction is conceptually aimed at increasing the role of commercial banks and the formation of “financial supermarkets”, in which each customer can meet the needs of bank services, financial consulting, and insurance. [ABSTRACT FROM AUTHOR]

We provide evidence that commercial banks extend their reputation in underwriting syndicated loans and private placements (private debt) to their bond-underwriting activities. In the absence of bond market reputation, private-debt-market reputation enables commercial banks to win underwriting mandates from their loan clients. Furthermore, it allows them to credibly commit to investors against opportunistically using lending information and thereby deliver superior certification benefits in the form of higher issue prices relative to investment-bank underwriters. This pricing benefit is not offset by higher underwriting fees and thus results in lower total issuance costs for borrowers. [ABSTRACT FROM AUTHOR]

This paper examines whether insurance business helps in improving the efficiency of the banking sector. The previous literature had shown contradictory results regarding the impact of diversification on banks' performance. On the one hand, past studies argued that banks engaging in a variety of insurance selling activities can benefit from economies of scope, ultimately improving both their performance and market value. On the other hand, diversification could lead to the escalation of agency problems existing between corporate insiders and small shareholders, which would ultimately destroy the value of the firm within the market. This study examined the impact of bancassurance on the efficiency of public sector banks and private sector banks in India for the period 2011-2017. Data Envelopment Analysis (DEA) was used to measure the impact of bancassurance on all public sector and private sector banks in India. The results revealed that bancassurance made an impact on the efficiency of the banking sector. An average deviation of 7.28% has been observed between the overall technical efficiency scores without bancassurance income and with bancassurance income. The observed difference supports the positive impact of bancassurance on technical efficiency of the Indian banking sector. [ABSTRACT FROM AUTHOR]

Banks and insurers as part of financial service industry engage in partnership under the concept of Bancassurance. On the path to success, both parts are permanently looking for increased income possibilities and higher level of customer's satisfaction. Those aspects are on researchers agenda in many countries. Academics are providing academic society, as well as business society with the research results on a topic - What are the key factors influencing the development of Bancassurance. The researchers in many countries analyse market-based and operational-based factors determining more successful or less successful performance within the chosen Bancassurance model. Operational-based factors cover corporate closeness, management initiative and corporate governance issues. These factors role becomes critical for Bancassurance implementation especially in the companies with different business cultures. Such companies' transformation takes uneven path from diversity to harmony in banks and insurance company's corporate governance and management excellence. It includes the top level of companies, as well as sales staff philosophy and work with common clients' database. General solution is deeper integration of banks' and insurance companies' top management and main operational processes to be able to sell combined banking-insurance products to their common clients. Aim of this research paper is to investigate the role of management team in development of Bancassurance in Latvia. Research tasks are: 1. analyse scientific findings in scientific publications and previous conducted research on the Bancassurance development factors; 2. investigate Company Strategic factor influence on Bancassurance development in Latvia; 3. compare differences of representatives of financial market experts and representatives of banks on factors influencing Bancassurance in Latvia; and 4. test proposition: "Management closeness determines successful partnership and enlarges integration possibility of banks and insurance companies in Bancassurance". Research methods used: analysis of scientific publications, analysis of previous conducted research, expert survey, case studies analysis. To test the proposition two types of units have been analysed: total system units - financial institutions, regulatory agencies, financial market experts; and intermediate units - management representatives of three largest banks in Latvia. The primary data collection type was semi-structured interviews to collect qualitative information on management involvement, partnership nature and integration initiative issues. Experts confirmed that for Bancassurance to work successfully and for the insurer to deliver the best fitting solution, the insurer had to understand very well the processes of the bank and how to successfully integrate insurance in these processes, subordinating them to the strategy and chosen customer segment of the bank. Partner companies' management's common decision and closeness are the core elements to determine insurance implementation in the banking routine. Experts emphasise the factor of mutual interdependence and interest in the common results. The key is the overall goal and results to be achieved. The success of incorporation of insurance products depends on a character of partnership between the bank and the insurer carried out by teams. Effective teamwork depends on management style, types of personalities, interpersonal relationship and gender diversity. Therefore, the significance of Bancassurance partners' management closeness in successful partnership, which also enlarges integration possibility between the companies, has been approved. For Bancassurers this finding highlights the importance of interpersonal relationship in business success. It provides the necessity to create the cooperation management framework between the bank and insurance company and maintain on every level of companies' structures through all Bancassurance life circles in the company. [ABSTRACT FROM AUTHOR]

We model reputation acquisition by investment banks in the equity market. Entrepreneurs sell shares in an asymmetrically informed equity market, either directly, or using an investment bank. Investment banks, who interact repeatedly with the equity market, evaluate entrepreneurs' projects and report to investors, in return for a fee. Setting strict evaluation standards (unobservable to investors) is costly for investment banks, inducing moral hazard. Investment banks' credibility therefore depends on their equity-marketing history. Investment banks' evaluation standards, their reputations, underwriter compensation, the market value of equity sold, and entrepreneurs' choice between underwritten and nonunderwritten equity issues emerge endogenously. [ABSTRACT FROM AUTHOR]

We examine the optimal design of a risk-adjusted deposit insurance scheme when the regulator has less information than the bank about the inherent risk of the bank's assets (adverse selection), and when the regulator is unable to monitor the extent to which bank resources are being directed away from normal operations toward activities that lower asset quality (moral hazard). Under a socially optimal insurance scheme: (1) asset quality is below the first-best level, (2) higher-quality banks have larger asset bases and face lower capital adequacy requirements than lower-quality banks, and (3) the probability of failure is equated across banks. [ABSTRACT FROM AUTHOR]

In an increasingly competitive market, new technology, new business models and consumer behaviors are developing, forcing the players from all areas to reinvent themselves. Also, in the financial sectors, there are developing of new products and services. Bancassurance is one of the new product, where banks and insurers create a partnership to improve financial performance by reducing costs and increasing revenues. The aim of the present article is to highlight the importance of bancassurance for clients, banks and insurance companies in North Africa. [ABSTRACT FROM AUTHOR]

This article elaborates the perspective and quality of bank services between private and state-owned bank companies in Indonesia. The empirical result shows that consumers' perspectives on service quality remain constant and has big influence on the banks' performances. There are no changes for knowledge aspect from consumer. After product knowledge explanation to consumer, inconveniences of consumer reduce significantly for positive perspective. In addition, tools of marketing effect are documented, two factors have contributed to the process. Repeated information and language simplicity shows negative relation with consumer perspective. These results suggest that the bancassurance architectural structure for banks does offer some benefits and thus may become more prominent in future years. [ABSTRACT FROM AUTHOR]

The article attempts to understand the issues and challenges faced by the banking sector in implementing the bancassurance business model by using interviewbased methodology. The study includes the challenges faced by supply side, that is, the banks or insurance's perspective. There have been prior researches on the issues and challenges existed but either from the customer's point of view or in general. The major issues and challenges that banks face include lack of awareness of customer, long-term vision, trust-high competition, different objective of partners, marketingdistribution channels, capital allocation, training and knowledge of staff, and complication of multiple tie-ups. On the other hand, trends in bancassurance include sales through multiple channels, telemarketing as the direct channel, bundling, digitalization, and multi tabs. [ABSTRACT FROM AUTHOR]

Capital Adequacy Ratio (CAR) signifies the proportion of capital funds of banks in relation to Risk Weighted Assets (RWAs). Bank assets carry risk of delinquency depending upon the nature and volume of assets. Any loss arising from failure of assets has to be borne by capital funds. The capital must, therefore, bear prescribed ratio in relation to risk assessed assets in order to meet regulatory norms. RWAs constitute the risk profile of bank's assets portfolio. The ratio of RWAs to total asset exposure provides a measure of riskiness of assets. The ratio has come to be known as RWA density and its variance from year to year indicates change in risk profile of asset portfolio of the bank. An increase in RWA density over a period shows that overall risk profile of bank assets has deteriorated. This may arise due to asset with higher risk weight substituting lower risk assets, without any change in risk weight factors. Similarly, a decrease in RWA density of bank would indicate that risk quality of assets has improved. The paper examines the variations in risk profile of bank assets using the parameter of RWA density, both for public and private sector banks in India. [ABSTRACT FROM AUTHOR]

TBancassurance implies offering insurance item through banks. Banks and insurance agency come up in a partnership wherein the bank offers the tied insurance agency's insurance items to its customers.Through this paper, an attempt has been made to trace the level of customers' satisfaction from bancassurance services in public and private sectors banks of Haryana. This paper explored the impact of time period on the performance parameters, customers' satisfaction parameters and problem parameters affecting the customers' satisfaction level from bancassurance services. The relevant data in this regard has been analyzed with help of ANOVA. The results ofthe study have been interpreted on the basis of such analysis. The results showed that time period have significant impact on customers' satisfaction level from bancassurance services in the public andprivate sector banks. [ABSTRACT FROM AUTHOR]

Urgency of the research. The topicality of research is motivated by the necessity to study the mechanism of bancassurance in the conditions of financial market development in Ukraine and by increasing the role of banks and insurance companies in the economy. Target setting. The peculiarities of the mechanism of bancassurance in the modern conditions of financial market development are under the study. The aim is to study the influence factors (motivators and deterrents). Actual scientific researches and issues analysis. I. O. Shkolnik, O. O. Shakura, S. M. Kozmenko, L. S. Zakharkina, N. E. Avanesova, I. B. Dzedzyk, K. I. Rusanenko, Yu. P. Makarenko paid their attention to the role of bancassurance and the ways of its development. Uninvestigated parts of general matters defining. The issues of the effective cooperation of commercial banks and insurance companies, their impact on each other in the competitive financial market regarding the influence of variables were not studied enough. Task. The task is two-fold: to study the mechanism of bancassurance in the modern conditions of financial market development and to systematize the influence factors in the context of the factor analysis of the services bancassurance provides. The statement of basic materials. The mechanism of bancassurance is studied in the present research, the factor analysis is conducted and the connection between the studied objects is determined. Regressive and correlative analysis helps the understand the setting of the credit limit and insurance bonuses on the bancassurance development. The calculated taxonomic coefficient synthetically characterizes the changes of features of the investigated objects or actions. Conclusions. The effective cooperation of banks and insurance companies increases the investment potential of the country and facilitates the economic development. Bancassurance is the integral part of economic growth and its role is to create such cooperation model of banks and insurance companies that gives the competitive advantages for both sides and provides the stable development of banking and insurance sectors of economy. [ABSTRACT FROM AUTHOR]

Bancassurance is a phenomenon wherein insurance products are offered through the distribution channels of the banks along with a complete range of banking and investment products and services. As a new range of financial service, bancassurance in India has been regulated by both the RBI and IRDAI. The paper portrays the evolution and recent developments in the regulations of bancassurance. It also describes the emerging challenges for banks due to the new guidelines by IRDAI. [ABSTRACT FROM AUTHOR]

The aim of every business activity is maximising profits, which explains the tendency of business entities to make products and services readily and easily available for customers. The insurance activity is not free of placement problems. In order to survive, an insurance company must constantly follow the trend of the development of services and distribution channels. As an emergence of global insurers has raised the issue of the placement of insurance services, innovations related to the placement of insurance services will be the subject of this paper. However, the success of the placement of services is dependent upon the fulfilment of the following preconditions: the service is of great quality; it is adequately distributed - available, its price - the insurance premium - suits the quality and is competitive; the service is presented to customers in a quality manner, while the sales personnel is highly motivated to do their job. The merger of a banking and insurance subject may result in the reduction of costs, as well as in spurring the synergistic effects and an increase in revenue. New technologies, new approaches and dexterities of businessmen contribute to delivering better business results. [ABSTRACT FROM AUTHOR]

A general methodology for modeling loss data depending on covariates is developed. The parameters of the frequency and severity distributions of the losses may depend on covariates. The loss frequency over time is modeled with a nonhomogeneous Poisson process with rate function depending on the covariates. This corresponds to a generalized additive model, which can be estimated with spline smoothing via penalized maximum likelihood estimation. The loss severity over time is modeled with a nonstationary generalized Pareto distribution (alternatively, a generalized extreme value distribution) depending on the covariates. Since spline smoothing cannot directly be applied in this case, an efficient algorithm based on orthogonal parameters is suggested. The methodology is applied both to simulated loss data and a database of operational risk losses collected from public media. Estimates, including confidence intervals, for risk measures such as Value-at-Risk as required by the Basel II/III framework are computed. Furthermore, an implementation of the statistical methodology in R is provided. [ABSTRACT FROM AUTHOR]

Many assume that in the short run, annuity prices promptly and efficiently respond to changes in interest rates. Using a unique database of quotes, we show this is not the case. Prices are less sensitive to changes in rates than expected, and responses are asymmetric. Prices react more rapidly and with greater sensitivity to an increase than to a decrease in rates. The results are robust, but there is a small degree of heterogeneity in the responses of different insurance companies. When rates increase, larger firms are slightly quicker to improve prices. The opposite is true when rates decline. In sum, we show that the microstructure of annuity dynamics is more complicated than (simply) adding mortality credits to bond yields. [ABSTRACT FROM AUTHOR]

This article addresses challenges of estimating operational risk regulatory capital when a loss sample is truncated from below at a data collection threshold. Recent operational risk literature reports that the attempts to estimate loss distributions by the maximum likelihood method are not always successful under the truncation approach that accounts for the existence of censored losses-the likelihood surface is sometimes ascending with no global solution. The literature offers an alternative called the shifting approach, which estimates the loss distribution without taking into account censored losses. We present a necessary and sufficient condition for the existence of the global solution to the likelihood maximization problem under the truncation approach when the true loss distribution is lognormal, and derive a practically explicit expression for the global solution. We show by a simulation study that, as the sample size increases, the capital bias by the truncation approach declines while the bias by the shifting approach does not. [ABSTRACT FROM AUTHOR]

We investigate the impact of domestic/international bancassurance deals on the risk-return profiles of announcing and nonannouncing banks and insurers within a GARCH model. Bank-insurance deals produce intra- and interindustry contagion in both risk and return, with larger deals producing greater contagion. Bidder banks and peers experience positive abnormal returns, with the effects on insurer peers being stronger than those on bank peers. Insurance-bank deals produce insignificant excess returns for bidder and peer insurers and positive valuations for peer banks. Following the deal, the bank bidders' idiosyncratic (systematic) risk falls (increases), while insurance bidders exhibit a lower systematic risk and maintain their idiosyncratic risk. [ABSTRACT FROM AUTHOR]

Reputation risk is becoming increasingly important, especially with the rapidly growing influence of social media, heightened scrutiny on reputation risk by banking and insurance regulators, and reputation's impact on organizational value. Insurers have responded to this development only recently by offering new reputation risk insurance solutions. The aim of this article is to present the first detailed academic analysis of these new insurance policies, including examination of the risks insurers face in offering such coverage. We also offer a conceptualization of reputation risk in an insurance and risk management context with focus on exposures, perils, and hazards. Our analysis indicates that loss identification and measurement generate the greatest challenges to insurers in providing reputation risk coverage. Lack of experience as well as the complexity of the chain of reputation risk events related to reputation insurance coverage present insurers with significant challenges in making this a viable line of business. [ABSTRACT FROM AUTHOR]

Bancassurance is getting more momentum and broader proportions in Southeast European countries. But in most of these countries, an appropriate legislation that regulates bancassurance is missing. This paper covers statistic data as an indicator for the development of bancassurance in Southeast European countries, as well as existing legislation regulating this issue, and through comparative analysis of the situation in the EU member states an effort has been made to identify the need for additional regulation of bancassurance in Southeast European countries. The ultimate goal of this paper is to give a proper contribution to the development of bancassurance in Southeast European countries, in terms of a larger use of this distribution channel of insurance, but also to ensure better legal protection to all participants in this insurance market, insurance companies, banks and above all policyholders. [ABSTRACT FROM AUTHOR]

Insurance markets have changed radically and deeply in the past 20 years. Deregulation, globalization of insurance institutions, intensified competition, electronic commerce, bancassurance and the emergence of new risks are among the challenges faced by insurance markets. This is forcing the insurers and financial houses to rethink their marketing strategy, moving from traditional brand-based strategy to Customer Equity (CE) (Blattberg et al., 2001). The paper discusses the importance of CE as a marketing strategy, and an attempt is made to demonstrate the impact of advanced analytics on CE strategy through crosssell by targeting the right customers with the right products. This attempt is a deviation from traditional segmentation approach. It has been proved beyond doubt that advanced analytics can help insurers in strategizing and creating profitable target base using analytics approaches. The paper attempts to develop models, product group-wise, to capture the aforesaid differences and apply the patterns learned from one product group on other product groups to maximize the chances of cross-sell. The value analysis showed substantial cost saving through preferred product suggestions per customer. [ABSTRACT FROM AUTHOR]

The insurance market in India remains untapped despite the efforts of IRDA. The heterogeneity of the insurance market in India makes it highly dispersed and hence, the need for different distribution channels arises so that the need of separate markets can be catered to. The Insurance market is a conglomeration of multiple small markets with specific needs. Each market within its conglomeration requires a different approach. Varied distribution channels play an important role in serving these multiple small markets. Among these channels, bancassurance, which has already emerged as the most profitable channel in several European nations, seems the most attractive channel for insurance distribution in India. Banks, with their geographical spread and penetration in terms of customer reach of all segments, have emerged as viable sources for the distribution of insurance products. The bancassurance channel can confer a lot of benefits if it is utilized optimally and tactfully. The leverage of this channel lies in its wide geographical spread and penetration of banks in terms of customer reach of all segments. With the growing middle class in the country, banks can be recognized as an effective method for insurance distribution in every corner of the nation. [ABSTRACT FROM AUTHOR]

The article discusses the importance of financial technological innovation in the government regulation of the banking industry. It mentions that technological innovation in the said industry poses an extraordinary transformation in the business processes of banks. It adds that the financial technology sector within the banking industry affects the legal services providers and the consulting firms within the banking industry.

Integrated services of financial institutions contribute to the quality and development of financial markets. The collaboration of banks and insurance companies through the bancassurance model, as the distribution channel of insurance products, results in reduction of business risk and costs of market research and achieves better profitability and other mutual benefits which have a positive effect on the performance of the insurance and financial markets. More specifically, the effective implementation of bancassurance provides benefits to banks, insurance companies, and to their customers. Although bancassurance has development perspective on the Montenegrin market, the paper will prove that adequate education and motivation of employees in the banking sector, as well as the adequate demand for this type of financial services, are necessary for its successful implementation. The purpose of this paper is to show the current trend of banks entering the insurance market in Montenegro and to point out the perspective and development problems of bancassurance in Montenegro. [ABSTRACT FROM AUTHOR]

We investigate the problem of asymmetric information among the different distribution channels of bancassurance, namely, over-the-counter (OTC) selling and telephone marketing (TM). We predict that the bank could bring an information advantage to insurance companies through TM by providing a customer list based on the customers' records in the bank. Bancassurance can play a role of integrating the information that is transferred from the bank to the insurance company. Our empirical evidence shows that, in contrast to OTC customers, there is less evidence of adverse selection, and there is also less evidence of moral hazard or fraud among the TM customers that have been sorted by the bank. This phenomenon could be attributed to the valuable private information provided by the credit records of customers kept by the bank. [ABSTRACT FROM AUTHOR]

Bancassurance is a model where commercial banks generally used to work as like insurance agents of an insurance company. Thus, this model presents different sets of experience for the customers as the customers have greater degree of trust and confidence on the banks. Bank due to its greater degree of reach is in an advantageous position to bring financial inclusion for large number of people. The purpose of this study is to investigate the experience of customers buying life insurance through bank. The study is based on the primary data collected from the customers buying life insurance through State Bank of India in Guwahati city of Assam. The data is collected using structured questionnaire. Cronbach's alpha is used to test the reliability of the questionnaire. Other statistical tools like Mean, Standard Deviation etc. are used to arrive at suitable conclusion. The study finds that customers have favourable experience of buying life insurance through bancassurance channel. [ABSTRACT FROM AUTHOR]

This study discusses the operational benefits of integration of the banking and insurance sub-sectors in Europe to formulate policy recommendations for the bancassurance markets in an emerging country, China. When the financial integration of banking and insurance services began in European countries in the 1990s, most banks and insurance companies had already been listed for some time. Thus, we use the monthly stock returns of banks and insurance companies that had not yet been integrated as of 2008 to examine efficient frontier portfolio and pairwise combinations in European bancassurance markets. We find that portfolio diversification is an important benefit of banks integrating with different types of insurance companies. Consistent with the literature, we further show that banks strategically involved in non-life insurance will benefit in terms of enhanced returns and reduced risks. Our results present implications for building a bancassurance market in China. [ABSTRACT FROM AUTHOR]

In the post-recession it is the question for survival and growth for any sector in general and banking sector in particular. Thus Bank Insurance Model (BIM) or Bancassurance is a financial strategy for survival and growth for this sector. In this paper we attempt to explore the scope for Bancassurance models as feasible source of sustainable income to banking sector for their growth and survival strategy. To exploit the synergy for growth in Indian contest it will definitely be a successful strategy for the banking company. As India having the largest banking network on the one hand and lower insurance penetration and insurance density on the other hand, this financial strategy may result good for both the banking and insurance company. While implementing this strategy, the legal issues are also taken into consideration. The role of banking and insurance company regulator will be the deciding factor for successful implementation of this strategy. The concept of Bancassurance would turn out to be a norm for future banking and insurance business in India and it would be a 'win-win situation' for all the parties involved - the customer, the insurance companies and the banks. Bancassurance - a term coined by combining the two words bank and insurance (in French) - connotes distribution of insurance products through banking channels. Bancassurance encompasses terms such as 'Allianz' (in German), 'Integrated Financial Services' and 'Assure banking'. This concept gained currency in the growing global insurance industry and its search for new channels of distribution. Bancassurance is the process through which insurance products are sold to customers at their local banks. With banking network of 65,000 branches serving more than 300 million retail banking customers, insurance can be available at affordable prices to people even in remote corners of the country. But it is only one part of opportunities of retail banking in India by selling insurance product. For taking challenges we go through by present research of Bancassurance' Retail Relationship Banking Bancassurance Opportunity'. The financial liberalisation and financial innovations have drawn the worlds of banking and insurance closer together. Therefore, banks dealing in insurance products have increasingly become accepted norm rather than exception in India. [ABSTRACT FROM AUTHOR]

Bancassurance is an integrated service, oriented to the client that follows by the distribution of insurance and banking products to exploit a still less capitalized potential of the Romanian market. The mechanism of this type of product is relatively simple. By bank, namely by its subsidiary stuff, the products of the insurance company are delivered to bank's clients. The more and more important role of bancassurance is also underlined by the fact that over 50% of premium incomes made by life insurer from Western Europe provide from bancassurance sector. In this context, the purpose of this study is to show if there is a winning formula in bancassurance, starting from the construction of the types of products whose success is apparently based on simplicity and a higher degree of sophistication in construction. [ABSTRACT FROM AUTHOR]

Integration between banks and insurers is a widely investigated trend in financial markets. Despite heterogeneity of bancassurance across countries, the financial crisis is reshaping both intermediaries and customers' demand. Although previous research provides evidence of economies of scale in bancassurance, we add to this literature by investigating differences due to alternative ownership models over an extended period (1998-2012) and testing for the effects of the financial crisis through a translog cost function. We focus on the Italian market, where bancassurance plays a major role and all ownership models are present. We find that the cost function changed significantly after 2007 as new unexploited scale economies emerged, especially for independent insurers that showed earlier optimal returns to scale. More integrated groups, despite a remarkable difference in their trend for total costs, diverge in a similar fashion from independent insurers in terms of scale economies. [ABSTRACT FROM AUTHOR]

This paper examines whether banks' recommendations to investors in the Latin American sovereign bond market are truly independent of the same banks' underwriting activities in these countries. The main findings are the following. First, after controlling for macroeconomic and financial variables, I find that investment banks tend to provide optimistic recommendations to investors in sovereign bonds on which they act as lead managers. Second, econometric analysis shows that this association increases with the underwriting fee. These results are consistent with interviews with the main institutional investors in sovereign bonds. The findings of this research suggest the existence of a conflict of interest between the origination and research departments of investment banks in the Latin American bond market. [ABSTRACT FROM AUTHOR]

Scholars and policymakers tend to see economic sanctions as an important tool of coercive diplomacy, even if the effectiveness of sanctions in changing the policies of target states remains highly contested. Though much of the research on sanctions focuses on their effects at the state level, this article argues that analyzing their effectiveness must begin with the industrial sectors they are meant to affect. Through analysis of restrictive measures currently in place against Iran, this article explores the impact of sanctions at the working level within the insurance industry, drawing on qualitative data gathered as part of a recent workshop funded by the UK Economic and Social Research Council (ESRC) and industry partners. [ABSTRACT FROM AUTHOR]

Amid rapid growth of bancassurance in East Asian countries, particularly in South Korea and Taiwan, the article examines the determinants of this growth in these two countries, by testing the influence of 'collectivism' as a proxy for national culture on the relationship between cross-buying determinants and customers' cross-buying intentions. The interviews were conducted during 2011 and 2012 with 13 professional senior managers and academics engaged in customers' cross-buying activities of bancassurance in South Korea and Taiwan. 'Perceived value', 'trust', 'image' and 'satisfaction' were found to be the key determinants of customers' cross-buying intentions on bancassurance in South Korea and Taiwan, among which 'trust' and 'satisfaction' were significantly influenced by 'collectivism'. The article confirms that, even between countries with similar levels of 'collectivism', the influence of 'collectivism' can differ because of the determinants of cross-buying intentions on bancassurance. [ABSTRACT FROM AUTHOR]

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After liberalisation, India's life insurance industry has grown rapidly, in terms of products, policies and premiums and now strives to tap the huge potential opportunities. During the period 2000- 01 to 2011-12, the industry registered a CAGR growth of 21% in total premium and 25% in new business premium collections. This impressive growth was driven by entry of new players and evolution of new channels for distribution of products. The bancassurance channel 'Corporate Agents-Banks' helped the new insurer in selling insurance policies through banks, which more cost efficient and also logical to tap the market quickly. In Budget 2013-14, Finance Minister announced to permit banks to act as insurance broker, to increase the insurance penetration, which is around 4% and is much lower than developed market levels of 9-10%. Consequently, RBI and IRDA came with two different draft guidelines on 'Entry of Banks to Insurance Broking Business'. RBI's new norms are austere for the banks to motivate to enter to the new untapped business segments by way of broker. As per new guidelines, a number of small size banks are ineligible to conduct the insurance broking business and large banks are almost conducting insurance business through a subsidiary. Moreover, on an average, less than 2% of a bank's profit comes from selling insurance policies. So, if one accounts for the cost involved for banks to set up separate departments and train their staff for insurance broking, it does not seem a viable option. Further on 24 Dec. 2013, Finance Ministry issued a circular to PSBs to set-up a subsidiary that would force the banks to relinquish exclusive tie-ups with insurance firms and instead sell products offered by multiple insurers. The small banks fear that floating a subsidiary to sell insurance products and ending the exclusive arrangements with insurance companies, and breaking these agreements may be difficult. [ABSTRACT FROM AUTHOR]

BANCASSURANCE, which basically involves banks acting as corporate agents for insurers to distribute insurance products, has evolved as a strong distribution channel in many countries. Following the deregulation of the Indian insurance industry and the amendment of the insurance law, Indian banks have been looking towards bancassurance as a logical step in the expansion of their business and have planned to venture into this lucrative segment which has hitherto been dominated by few public sector companies. Similarly, new insurers have also viewed banks as an ideal mechanism to gain distribution power. The present paper is an exploratory study to understand the effectiveness of Bancassurance on three dimensions: 1. The motivating factors behind the Bancassurance 2. Potential benefits of Bancassurance 3. Implementation problems of Bancassurance Factor analysis that has been used to conclude the findings on one hand has identified greater fee based income, improved profit margins, effective utilization of resources are the motivators for banks to enter into bancassurance, on the other hand factors such as expansion of existing market, access to ready client base of banks and encashing the brand name of banks motivate insurance companies for the same. It also reveals that customers prefer bancassurance to purchase a policy due to more benefits and authenticity. The study concludes that successful bancassurance partnerships in India is due to the fact that by entering into this, both parties have win-win proposition since there is nothing to lose. Purpose: This study seeks to examine the relatively new trend in insurance distribution channels alternative; namely, Bancassurance: it's role, benefits, implication, and problems in India. Bancassurance is a new buzzword. While Bancassurance has developed into a tremendous success story in Europe, it has been constrained by legislation in USA and Canada. It is a relatively new concept in Australia and Asia. However, a sea change in the financial service industry is imminent with banks and insurance companies increasingly realizing the strategic significance of Bancassurance in the future viability of their businesses. Design/Methodology/Approach: The study examines how Bancassurance works in India. There are a number of theoretical reasons as to why banks should enter into the insurance market in India. The main reason behind the bancassurance partnerships in India has been the fact that the banks and insurance both tend to lose nothing. So, marketing of insurance products and earning an additional income is a blessing for the banks. The study is based on survey method. Findings: (i) Insurance industry has been growing at a commendable pace, (ii) Bancassurance has grown rapidly during the last 10 years, (iii) Private sector banks and private sector insurance companies have been more active, and therefore, beneficiaries of bancassurance, (iv) Private sector's (banks and insurers) performance has been better than Public sector (banks and insurers), (v) Further research is needed to investigate the relative failure of public sector in regard to bancassurance, (vi) Bancassurance offer huge business potential for banks and insurance companies because of growing banking and insurance sector, and growing economy. Research Limitations: The study has a number of implications for future research.The present study is restricted to Life Insurance Sector with special emphasis on Bancassurance in Agra District.The secondary information and data available through various official publications is not updated. It lagged behind at least by a year. Gap in data sometimes creates difficulty in drawing right conclusions and submitting worthwhile suggestions. Practical Implications: Analysis of the study is important for banks and insurance companies to play strategic role in Bancassurance. Originality/Value: Presently there are very few published academic studies on Bancassurance. It is an emerging field of research and to my knowledge, there are very few journals, which provide a discussion on effectiveness of Bancassurance in India. [ABSTRACT FROM AUTHOR]

The beginning of the world economic crisis and the decrease in the financial intermediaries profits (both banks and insurance companies), made intermediaries rethink their offer in such a way as to obtain favourable results. In this context, bancassurance activity got a boost, being stimulated by the superior revenues of the bancassurance products and services in respect to the classical ones. The present paper is an empirical study that shows the recent evolutions in bancassurance at world level and underlines the factors that stimulate the development of bancassurance products and services such as the GDP per capita, the need to save, the degree of development of the banking and assurance. [ABSTRACT FROM AUTHOR]

Copyright of Scientific Journal of Chernihiv State Institute of Economics & Management. Series 1, Economics is the property of Chernihiv State Institute of Economics & Management and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The article discusses electronic distribution as a complementary distribution channel for the insurance industry in India. Information is presented on other distribution channels that have evolved over time, including bancassurance and corporate agents and brokers. The article also discusses the various modes of distribution that comprise the electronic distribution channel.

The article reports on the current state of and upcoming challenges to the online distribution of life insurance products in India. The distribution channels used by life insurers include brokers, individual agents and bancassurance. The common challenges while choosing a distribution channel are cited such as the cost and mis-selling. The results of a survey on distribution channel preference are also presented.

The article explores the importance of the right distribution channels to the insurance industry in India. It examines several factors that make alternate distribution channels critical for Indian and foreign insurers. The article also demonstrates how Indian insurers are using the tied agency channel and the main alternate channels like bancassurance, brokers, direct marketing and referrals.

Insurance distribution is not simply about pushing products. An outsized share of the value across the entire insurance industry value chain is added in distribution. For customers, it is in distribution that needs are understood and assessed, options -- from full risk transfer to self insurance and more exotic methods of managing risk -- are identified, and counsel on which carrier(s) and other providers to select is given. For carriers, it is in distribution that relationships and trust are built with agents, brokers, and customers, opportunities identified and created, and products and services sold. Ex Assocham president Sajjan Jindal said, "One of the biggest constraints facing the insurance business is the lack of reach beyond the cities. While life insurance players are struggling with the quality of insurance advisors, general insurance players face difficulty in getting intermediaries to distribute their products". (Economic Times: July 21, 2009). This article "Distribution of Insurance Products-Challenges Ahead" looks at the growing role of alternative channels such as corporate agents, brokers, and bancassurance in this regard. This paper will also include a discussion on, which distribution channel is most effective, what are the challenges in different distribution channels, what can be done to improve those channels to increase the distribution and thereby, penetration. In insurance, distribution is the most important phase, as it is the last step wherein a product is moving toward a customer. [ABSTRACT FROM AUTHOR]

The increasingly competitive environment in the financial services, has resulted in pressure to develop and utilize alternative delivery channels effectively and the Bancassurance distribution channel is the result of the same. The IRDA Bill 2000 has stimulated the growth of bancassurance by allowing use of multiple distribution channels by banks and insurance companies. Banking institutions and insurance companies have found bancassurance to be an attractive and profitable complement to their existing activities. Over the years, regulatory barriers between banking and insurance have diminished and has created a climate increasingly friendly to bancassurance. Bancassurer should differentiate themselves in a meaningful way, in order to meet customers' needs for a wider, more convenient choice of channels for delivering exceptional, customized experiences to their different customer segments and seizing market share. The persistency rate in Bancassurance due to the continuing contact of the Bank with its customers, the ease of payment of premia and the facility of maturity/claim payments to the bank account, make it a very customer friendly channel. [ABSTRACT FROM AUTHOR]

Distribution is a key determinant of success of all insurance companies. It is a combination of different decisions regarding various channels of distribution An insurer covers the market through various distribution channels like individual agents, corporate agents including bancassurance and insurance brokers. Better channel management is likely to improve channel performance in the long run. It therefore makes sense to look at well balanced, alternate channels of distribution like internet channel, bancassurance, telcassurance, shopassurance etc. The main purpose of this article is to critically examine the insurance distribution channels in India, and to propose innovative alternate channels of distribution which beneit both insurers and consumers. The Indian insurance industry was selected for the study, since multiple channels are common in the distribution of the various insurance products. The study collected and analysed information on the channel strategies followed by various insurance companies, and channel wise contribution in total insurance business of India. Authors studied attributes of these channels and also carried SWOT analysis for each channel. The paper presents some useful alternate channels for insurers to cover the untapped potential market. This paper provides useful information to practitioners for understanding the essence of alternate channels for distribution of insurance services and gain competitive advantage. [ABSTRACT FROM AUTHOR]

The article discusses the promotion of microinsurance through bancassurance in India. The country is expected to have the largest youth population in the world by 2020, which poses an opportunity for insurance and financial services. Several steps to boost growth protection for insurance companies are also cited, including developing a cost effective and sustainable distribution channel.