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Monthly Report February, 2011. Planning Division. Sam Lung 25 Feb. 2011. Agenda. Market News 2010 Market Performance 2010 Sales of Products New Product Cooperation with Non-Life. Market News. Vietcombank cooperates with Prudential in collecting insurance charges via Internet.
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Monthly Report February, 2011 Planning Division Sam Lung 25 Feb. 2011
Agenda • Market News • 2010 Market Performance • 2010 Sales of Products • New Product • Cooperation with Non-Life
Market News • Vietcombank cooperates with Prudential in collecting insurance charges via Internet Customer Prudential’s customers who have their bank accounts in Vietcombank Register for bank’s online services “VCB-iB@nking” Paying the periodical premium at anytime How
Market News • Charities Activities of Life Insurer Dai-ichi Launched a blood donation program Prudential Reserve 10 million USD for community activities in Vietnam to 2015
2010 Market Performance Unit: Billion VND 70.830 70.805
Analysis of Agent Active 2010 SAS performance per wkm (Excluding SM) 2010 Active SAS performance per wkm (Excluding SM) Solution: Push agent to Active!!!
2010 Sales of Product-Market Main Product of Insurer Product Type Investment 41.9% Endowment 49.2% Rider 5.8% Whole Life 0.6% Term Life 2.5%
2010 Sales of Product-Cathay First Year Premium # of Policy Unit: Million VND 58% 52% 18% 15% 15% 13% Endowment(C07) is still main force, followed by Education(C08) and Whole Life(C05)
New Product AO5: Accidental Endowment
New Product 35 years old, Male Term: 10 years Sum Assured: 100M Premium:2.25M/year (Totally pay 5 year) Period Non-Accidental Accidental Low Premium, but High Coverage!
Cooperation with Non-Life End of February, 2011 Make Contract Training Course • Location: HCM • Date: 2/14(1~2 courses per month) • 44 agents finished the course 43 pass the exam Product • Motor Vehicle Insurance • Personal Accident Insurance • Fire Insurance • Marine Cargo Insurance
Planning Project Next Month • New Product • GA (General Agency) Assessment • 2011 Customer Campaign Assessment Thank you!! Planning Division Sam Lung