Development of new products-
- Product Innovation
a. Facilitating innovation feedback
- Brain Storming session with Top Management / Sales Forces / Trainers
b. Analyze product innovation
- Domestic Market
- International Market
- New Product support
- Propose Product Features based on a product idea or request
- Coordinate with Actuarial, Sales channel for approval of product features
- Coordinating with other departments (IT/Finance/Ops/Underwriting/Investment) for feasibility
Product Management-
- Product lifecycle management with focus on key customer segments
- Product analysis for Management giving updates on all existing and new products performance based and improvement in product performance after enabling through various sales support initiatives
- Product Knowledge
a. For Top Management - Product Analysis Note
Sales Team - Strengthen the sales force through updates on competitor product information and insurance concepts
Product Benchmarking-
- Market Watch -
a. Insight into competitor strategies for entering new segments/product range
b. New Product Comparison
Track on Regulatory Changes
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