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August 21, 2024

The Insurance Couch Podcast - Bancassurance 2.0

52 minutes

Get Your Insurance Fix on "The Insurance Couch" Podcast!

Join Oliver Lang, former CEO of InsurTech Unicorn Wefox/One Insurance, Supervisory board member and Advisor and Nikolaus Sühr, Co-Founder and CEO of InsurTech Enabler KASKO as they bring you unique insights from their experiences in the insurance world.

This episode is all about Bancassurance 2.0🎙️

Bancassurance 2.0 isn’t working as well as it sounds

Bank transaction data doesn’t contain enough information for personalised insurance advice

However, together with data from other sources bank transaction data (and banks’ trusted brands) can improve insurance conversion ratios

Where it does, banks can ask for commissions from insurance partners

For most insurance sales, banks will need human salespeople – potentially in an outbound call center

Every bank should set up a hybrid insurance agency to increase its fee income

Listen to "The Insurance Couch" to stay tuned for the newest chatter about the industry!

#insurance #insuranceindustry #versicherungsbranche #versicherung #versicherer #bancassurance #banking #innovation

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By Nikolaus Sühr