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THE DISTRIBUTION CHANNELS FOR LIFE INSURANCE COMPANIES
There are several distribution channels of products of companies; therefore this essay has an overview of the most commonly relied upon. It has also discussed on their effects.
|language || ||english
|wordcount || ||2174 (cca 6 pages)
|contextual quality || ||N/A
|language level || ||N/A
|price || ||free
|sources || ||5
Table of contents
1.0 DISTRIBUTION CHANNELS FOR LIFE INSURANCE COMPANIES 1
1.1 INSURANCE INTERMEDIARIES (BROKERS) 1
1.2 TIED AGENTS 1
1.3 OWN SALES FORCE 2
1.4 DIRECTING MARKETING 2
2.0 THE EFFECTS OF RELYING ON DIFFERENT
DISTRIBUTION CHANNELS 3-4
3.1 EFFECTS OF THE REGULATORY REGIME 4-5
3.0 THE FISCAL REGIME 6
4.0 REFERENCIES 7
Preview of the essay: THE DISTRIBUTION CHANNELS FOR LIFE INSURANCE COMPANIES
DISTRIBUTION CHANNELS FOR LIFE INSURANCE COMPANIES Distribution channels refer to the essential routes through which sales of products, business ideas and services of companies can be effectively be made. These distribution channels include:- • Independent intermediaries or Insurance intermediaries, these usually select products for their clients from all or most of those that are currently available on the market. • Tied agents, who offer the products of one life insurance company or a small number of life insurance companies • Own sales force, usually employed by a particular company to sell its products direct to the public. • Direct marketing ...
... described above essentially measures taxable profit as the increase in the free asset of the company over the years where free assets is defined as the value of asset minus value of liabilities
Let us define
Ao = Assets at start of year
A1 = Assets at the end of year
Vo = Liabilities at start of year
V1 = liabilities at the end of year
Then profit could be stated as;
• Profit = (A0-A1)-(V1-V0)
• Or Profit = (A1-V1)-(A0-V0) i.e increase in free assets over the year.
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