Manager – Bancassurance at Jubilee Insurance

About the Role

An exciting opportunity has arisen for a motivated professional to lead our Bancassurance division at Jubilee Insurance. You will drive the growth and success of our life insurance products through strategic partnerships with banks and financial institutions.

Strategic Responsibilities

• Execute the Bancassurance strategy to align with overall business objectives, identifying potential partner banks and financial institutions
• Continuously assess and improve Bancassurance processes to enhance efficiency and customer experience
• Drive operational excellence by setting clear goals, monitoring performance, and implementing improvement initiatives
• Analyze Bancassurance sales data to identify trends and opportunities for improvement
• Conduct customer needs analysis to recommend suitable life insurance solutions

Operational Responsibilities

• Establish and manage partnerships with banks and financial institutions to promote life insurance products
• Drive life insurance sales through the Bancassurance channel, setting sales targets and developing sales plans
• Monitor market trends and competitor offerings in the Bancassurance sector
• Coordinate with product development and training teams to equip bank staff with the necessary knowledge and skills to effectively promote life insurance products
• Prepare regular sales reports, track key performance indicators (KPIs), and provide insights to senior management
• Utilize data-driven analysis to inform strategic decisions
• Manage allocated Bancassurance retail portfolio to meet retention targets and increase premium and lives volume
• Cultivate and manage productive partnerships with partner banks and financial institutions

Customer and Compliance Focus

• Ensure a customer-centric approach in all Bancassurance interactions to enhance customer experience
• Address customer feedback and concerns promptly
• Ensure compliance with insurance regulations and internal policies