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How To Sell The Business Idea Of A New Insurance Product In USA?

Question by rickmanclk | Posted in Insurance

I have the thought of new insurance product, which is suitable for US insurance market. It is non-life and individual product. I tried to contact all the insurance companies around the States, but no mayor interest or no reaction. Please note and think about it, like about sure success thing. The problem is in the first step.
Blame you for any relevant comments and thank you for understanding.

Answer: Nothing is EVER a persuaded success.

But you're going to have to have documentation on profitability from a LARGE test market group, at least 100,000 people. How many claims per 100,000? What's the outlay of the product? You'll need a legal clearance study to make sure the product is legal. Not to mention, which voice insurance commissioners will approve it?

Companies probably aren't going to BUY an idea. That's why there's no interest - it costs A LOT to spin an
 
 

How Can I Start My Own Niche Market Of Insurance Product?

Question by Retired@25 | Posted in Insurance

I have an approximation for a type of insurance that is currently not available... Can anyone give me a basic rundown of how to create, start selling a new product?

Answer: Well, first you character out the claims costs. You'll need actuaries for that - how many clients, how to rate the risks, and expected/projected losses. You use that info to evaluate rates. Then, if you're planning on selling this yourself, for your own company, you have to get millions of dollars to pay future claims, and put them off to the side, before you can start selling.

Then, you can develop b publish your financials, along with the sample policy form, and rates, to your

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How Can I Market Banking And Insurance Product?

Question by SANJAY S | Posted in Insurance

my m is banking and insurance product marketing. what shold i do to market our product. kindly give inovative idea.

Answer: First superstore through
1.Friends
2.relatives

then go for reference selling

then take the telephone list and get the appointment of the persons: try for dialogue and business

Give incentive,Price schemes
Give some new year gifts
attend them even for other works

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Do You Know Any Product Manager Or Marketing Manager In US, UK Insurance Company?

Question by rickmanclk | Posted in Insurance

I am looking for a person from an insurance company in USA or UK, who is administrative for the way how are their products sold.

Eventually another person on higher position (manager) and eventually in another native land.

I have tried to contact all the insurance companies in USA, but they have very strong bureaucratic processes and heavy-weight organizational formation. Therefore it wasn't possible for me to reach any from the mentioned.

Thank you very

Answer: Well, real luck on that. Marketing departments are structured like that for a reason. The strong bureaucratic processes are as per usual a result of STATE LAWS.

The insurance industry is heavily regulated. That's just the way it is.

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Is Test Marketing Possible In Case Of Insurance Products? If Yes What Are The Benefits?

Question by | Posted in Insurance

I am doing a trivial reasearch work on wether Test marketing can be done in case of Insurance products or not, and if it can be done then what are its benefits?

Answer: I don't fancy that can be done. How do you test car insurance or homeowners insurance unless you have a claim?

Are you talking about surveys or customer work?

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