Financial Daily from THE HINDU group of publications
Thursday, Mar 03, 2005
Financial Daily from THE HINDU group of publications Thursday, Mar 03, 2005 |
|
|
|
|
|
Money & Banking
-
Consulting Watson Wyatt to expand range of services Our Bureau
Mr R. Krishnamurthy
Mumbai , March 2 WATSON Wyatt Worldwide, a global consulting firm specialising in insurance and financial services, has announced an expansion of its range of services to India. The company says it will handhold banks and insurance companies in India and assist them in implementing the bancassurance sales approach. Mr R. Krishnamurthy, former CEO of SBI Life and ex Deputy MD of State Bank of India, will head this expansion as Managing Director, Distribution Consulting, Watson Wyatt India Pvt Ltd. Mr Krishnamurthy said, "There are 50 bancassurance partnerships and 550 corporate agent agreements in India today. One needs to develop value from these partnerships. Besides, the range of insurance products developed should also be suited for various income segments and regional requirements." Watson Wyatt will provide a full implementation service to banks and insurance companies so that the distribution of insurance products can be accelerated through their extensive network of branches of commercial banks, cooperative banks and regional rural banks in the country. Watson Wyatt's clients in India include Bajaj Allianz, ING Vysya Life and Met Life. Mr Graham Morris, Director of Watson Wyatt's Distribution Consulting Practice in Hong Kong, said, "Bancassurance distribution has great relevance for both insurance companies and banks in India, given the potential for increasing the sale of insurance products to the millions of bank customers, particularly in the rural sector through dedicated products and services."
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|