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The development officers are paid employees of Insurance Cos who are offered remuneration along with commission on business secured through his agent base. The main activity of the development officer is facilitate agents to secure insurance business on behalf of the company. In fact they act as middleman between agents and the insurance company.
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What is the role of a chief financial officer?
The chief financial officer is an officer of a company in corporate leadership that is responsible for managing the cash flow and financial reports of a company. This position usually works closely with the CEO.
Is a life insurance company an example of financial intermediaries?
Though Life Insurance Company plays the role of financial intermediary, technically an Insurer is governed by Insurance Regulator of the country and has got separate entity of its own.
What is loss prevention officer?
A loss prevention officer can either work for an insurer or a company. In a company the role would entail looking at all business risks and reporting back on the major risks. For an Insurer the role would be to advise clients how to reduce the risks of business losses
Why bancassurance is important?
The bancassurance is also known as the bank insurance model or BIM. It represents the relationship between a bank and an insurance company and is important in the role of sales.
What is the role of CFO?
The CFO plays a critical role in overseeing a company's financial health, including budgeting, forecasting, and risk management. For expert financial guidance and support, contact StartupFino at +91 829-829-1011
What is the role of agriculture graduate in bank?
As rural development officer and as a a agriculture extention officer
The role of information technology on the underwriting results in insurance company in nigeria?
Role of Information Technology in Insurance Sector
What played a major role in increased cost of healthcare?
Insurance company's overcharging. drug company's overcharging insurance company's overcharging.. the medical profession overcharging, insurance company's overcharging.
What role does insurance play in the economic development of nigeria?
Insurance plays a very significant role in the economic development of Nigeria. With the insurance covers, more people are able to take the risk on investment which greatly boosts the economy.
What is the role of a business development manager in insurance industry?
development was make agent grow business .
What is the role of a chief financial officer?
The chief financial officer is an officer of a company in corporate leadership that is responsible for managing the cash flow and financial reports of a company. This position usually works closely with the CEO.
As a business development officer what is your main duty?
One of the main roles of the business development officer is to analyze and plan innovative strategies of selling. The other role is to build healthy bonds with the new clients.
Is a life insurance company an example of financial intermediaries?
Though Life Insurance Company plays the role of financial intermediary, technically an Insurer is governed by Insurance Regulator of the country and has got separate entity of its own.
What is the work of an apperentice development officer in LIC?
An Apprentice Development Officer (ADO) in the Life Insurance Corporation (LIC) is primarily responsible for recruiting and training new agents, promoting LIC's insurance products, and building relationships with clients. They assist in developing sales strategies to meet targets and ensure compliance with regulatory standards. Additionally, ADOs provide ongoing support and guidance to agents to help them achieve their performance goals. Their role is crucial in enhancing the overall productivity and success of the agency.
What is the role of IRDA?
IRDA - Insurance Regulatory & Development Authority of India is the National Agency that governs and supervises the Insurance Sector in India. What SEBI is to the Stock Markets, IRDA is to the Insurance industry.
What type of life insurance sale does not include an agent?
When a person buys a policy online from an insurance company,there is no role of an agent in the whole process.
What is loss prevention officer?
A loss prevention officer can either work for an insurer or a company. In a company the role would entail looking at all business risks and reporting back on the major risks. For an Insurer the role would be to advise clients how to reduce the risks of business losses
