The Deputy Head of Bancassurance is a key leadership role within the retail branch channel, responsible for overseeing and driving the bancassurance strategy. This position involves collaborating with internal stakeholders to develop and implement effective bancassurance initiatives, ensuring the seamless integration of insurance products into the retail banking environment.

• The Deputy Head of Bancassurance will report directly to the Head of Bancassurance.
• Develop and execute a comprehensive bancassurance strategy aligned with the overall business objectives.
• Identify opportunities to enhance revenue through the sale of insurance products within the retail branch network.
• Collaborate with insurance providers to design and customize insurance products suitable for the retail banking customer base.
• Monitor and manage the performance of existing insurance products, making recommendations for improvements.
• Provide training to retail branch staff on insurance products, sales techniques, and compliance requirements.
• Ensure that branch teams are well-equipped to effectively promote and sell insurance products.
• Work closely with internal stakeholders, including retail branch managers and insurance partners, to ensure alignment of goals and objectives.
• Foster strong relationships with insurance providers, negotiating agreements and optimizing partnerships.
• Implement key performance indicators (KPIs) to measure the success of bancassurance initiatives.
• Analyze sales data and trends to identify areas for improvement and implement corrective actions.
• Ensure that all bancassurance activities comply with regulatory requirements and internal policies.
• Implement risk management measures to mitigate potential issues related to insurance products.