Compare And Contrast

The purport insurance Company Research and Development aggroup up will comprise of personnel who are having inevitable damages qualification in token of creation in enough conversant(predicate) with the technical aspects of a living restitution policy / merchandise along with the damage and conditions of different policies /products . The R D establish and the Marketing team should be hierarchical in creation of different seniority levels so as to result in effective coordination and execution of work . The market team leadership will be highly attendd and result orient in addition to existence hard core marketing professionals with turn up expertise in policy marketing and in generating and pursuit up with leads with appropriate pitching in rightfulness pricey . There will be a plumping stick of field ag ents within the team who will be technically well versed , well coordinated and accomplished to be in a high state of charged motivationThe aspiration of the R D team will be the outgrowth and analysis of technical studies so as to bear the focussing of the smart set with information that will prove to be of lever in the ultimate interest of the organization . The enquiry activities are of particular importance to actuaries who specialize in bread and cover insurance . The R D team will be concerned with the company financial reporting , product knowledge and economic analysis for manner insurance products . The R D will use biostatistical methods to ascertain morbidity and mortality obtain so as to further design strategies for pricing of refreshful products (1 . The marketing team will improve marketing and thickening relations , generate leads , do the pitching , organize the dominance functions so as to effectively coordinate them area irreverent . The team will ensure effective follow up with prospec! tive clients generated by way of the available leads as also to provide personalized case design assistance for life insurance products .

The marketing team is responsible for generating maximum gross sales of life insurance products given the intense competitive environment prevailing in this market segmentThe performance effectiveness of the R D of the Life Insurance Company will be judged by the number of different life insurance products being churned out by the Company as also by the viability of these products in terms of customer bliss . The 1 2life insurance products are designed on the basis of researc h results of the R D team , and hence there viability in terms of gainfulness for the company will be a crocked stripe of their effectiveness . The performance of the marketing team is establish on the number of insurance products sold and the customer satisfaction in relation to the customer service provided by the team . finally it is the bottom line that is going to decide the profitability of the company , which will depend to a great limit on the efforts of the marketing teamReferencesJ D Hammod , Research and Development Activities of Life Insurance Companies , The Journal of Risk and Insurance , Vol 33 , demonstrate 1996 American Risk and Insurance Association...If you want to get a full essay, order it on our website: BestEssayCheap.com

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