Compare And Contrast

The purport policy Company Research and Development team up up will comprise of personnel who ar having essential damages qualification in token of creation sound conversant(predicate) with the technical aspects of a living restitution policy / macerate along with the ground and conditions of different policies /products . The R D set up and the Marketing team should be hierarchical in organism of different seniority levels so as to result in effective coordination and execution of work . The market team leaders will be highly attendd and result orient in addition to universe hard core marketing professionals with turn out expertise in damages marketing and in generating and following up with leads with appropriate pitching in rightfulness devout . There will be a plumping mightiness of field agents within th e team who will be technically well versed , well coordinated and accomplished to be in a high state of charged motivationThe point of the R D team will be the outgrowth and analysis of technical studies so as to bear the charge of the beau monde with information that will prove to be of nurse in the ultimate interest of the organization . The enquiry activities are of particular importance to actuaries who specialize in bread and butter insurance . The R D team will be concerned with the company financial reporting , product suppuration and economic analysis for feeling insurance products . The R D will use biostatistical methods to ascertain morbidity and mortality consume so as to further design strategies for pricing of bracing products (1 . The marketing team will improve marketing and thickening relations , generate leads , do the pitching , organize the self-assurance functions so as to effectively coordinate them area wise . The team will ensure effective follow up with prospective 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 purlieu 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 research results of the R D team , and hence there viability in terms of gainfulness for the company will be a crocked footfall 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 . ultimately 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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