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Klicken Sie,um das Titelformat zu bearbeiten,Klicken Sie,um die Formate des Vorlagentextes zu bearbeiten,Zweite Ebene,Dritte Ebene,Vierte Ebene,Fnfte Ebene,*,*,*,The Role of International Insurance Companies in the opening of frontiers:development of new products(Takaful),Sohail Jaffer,Partner,FWU Group,FWU group won the Euromoney Islamic Finance Awardfor being the Best Islamic white label service provider“.,Contents,FWUs International Business Model,International Bank Distribution and Strategic Product Partners,Product Highlights and customer benefits,Dynamic Fund Selection and Allocation Model,FWUs Value Added,FWUs Retakaful Pooling Arrangement,FWU Group,2,FWUs definition of Bancassurance,Bancassurance is defined as the delivery and distribution of a suitable range of tailored,bankable,protection and long term savings and pension products designed to meet the lifecycle needs of the customer base of a bank or other financial institution.,Customer,Demand Driven,3,Bancassurance-Asset Management-Factoring,FWU-GROUPs Core Business Competencies,The group is well positioned to meet the life assurance,investment and pension needs of institutional and private clients in Europe,Middle East and Asia with state of the art bancassurance&Sharia compliant Life products.,GermanyLuxembourgAustriaItalyFrance Saudi Arabia United Arab Emirates PakistanMalaysia,Kuwait,4,FWU Groups International Business Model,Clone international Bancassurance success,customer convenience,tailored white label solutions,quality training and sales support,FWU Shariah Board&Expertise,commission factoring solution,exclusive Retakaful solution,selection of service providers incl.custodian bank,Web-based POS&Admin System,Strategic Product,Partners,Structured asset management approach,Product&process innovation,5,Benefits of White label Bancassurance Solution,Bank defines own commission level,Tailored customer solutions,Bank offers choice of both conventional Bancassurance and Takaful products,Bank has choice to participate in other modules of the service value chain(custodian,brokerage,transaction banking),Structured asset mgt.approach linked to open inv.architecture,Seamless integration into Banks own brand,6,Contents,FWUs International Business Model,International Bank Distribution and Strategic Product Partners,Product Highlights and customer benefits,Dynamic Fund Selection and Allocation Model,FWUs Value Added,FWUs Retakaful Pooling Arrangement,FWU Group,7,FWU Groups international Bank distribution and Strategic product partners,Product administration,and claims management,Customer statements,Financial accounting,Filing with local regulatory authorities,New product development,Product launch support,Product management,Marketing&,T,raining support,Structured asset mgt.,apporach,Systems support to Strategic Product Partner and Bank Distribution Partner,Product enhancements&,Shariah,compliance,FWU Int.Network,Dubai,KL,&Luxembourg,Aman Insurance,UAE,Al Ahli Takaful,Company,KSA,EFU Life Insurance,Pakistan,Takaful Ikhlas,Malaysia,Bank is Custodian of all customer,funds in the Savings Plan,Bank Customers,Al Safat Takaful,Company,Kuwait,Bank Distribution Partners,FWUs existing distribution partners include,:NCB in KSA and ADCB in UAE,Local Life,Insurance Product Partner,8,Contents,FWUs International Business Model,International Bank Distribution and Strategic Product Partners,Product Highlights and customer benefits,Dynamic Fund Selection and Allocation Model,FWUs Value Added,FWUs Retakaful Pooling Arrangement,FWU Group,9,Main product features and customer benefits,FWU Groups White Label Savings,Education and Retirement Plans,Product Highlights,Plan benefits are available to all bank customers,No medical examination of bank customer required(up to a defined limit),Transparent and cost efficient structure,Accelerated sales process using,FWUs,Point of Sale and Administration technology,Plan benefits are available immediately to all bank customers,All bank customers are insurable,Eliminates important psychological barrier,Greater customer comfort,Immediate risk cover for bank customer,Product features,Customer Benefits,Bank customer convenience,10,-,1,000,2,000,3,000,4,000,5,000,6,000,7,000,USD(000),Year 1,Year 2,Year 3,Year 4,Year 5,Bank Income Growth 5 year period,Conservative,Average,Best,Bank Annuity Income:Attractive Dynamics,Conservative Average Best,Base Assumptions:,Number of Plans.25,00040,00050,000,Average duration15 years,Average monthly contribution$200,Lapsation rate2 to 10%p.a,Fund growth rate7%p.a,11,Cumulative Bank Income over a 5 year period,12,Contents,FWUs International Business Model,International Bank Distribution and Strategic Product Partners,Product Highlights and customer benefits,Dynamic Fund Selection and Allocation Model,FWUs Value Added,FWUs Retakaful Pooling Arrangement,FWU Group,13,FWUs fund selection and allocation model,Structured Asset Management Approach,Overweights,the winners&,underweights,the losers,Objective,Investmen
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