Bdo Insurance Brokers, Inc. - a Case Study

Topics: Insurance, Risk, Risk management Pages: 4 (1303 words) Published: March 17, 2013
BDO Insurance Brokers Inc. is a wholly owned subsidiary of Banco de Oro Unibank. We are a team of industry professionals seasoned in the field of property, casualty insurance, healthcare, life assurance and employee benefits. Since insurance is a highly specialised and technical subject to what most people think. It is also very complex and even seasoned practitioners like us continue to encounter new issues that sometimes can catch us by surprise. To better serve our clients, we are continuously mapping out our initiatives and projects for 2012 and the coming years especially the three units who were highlighted in this study- Marketing, Claims and Operations. Overall, employing additional manpower (2 for Marketing and 1 for Operations) is the most urgent resolution to address the issues. It would also be helpful to promote the senior staff /s to Officer/s instead of poaching external applicant/s to save administrative cost. Designing an Incentive Programs for our referrers to motivate them including the employees and continue to assure our clients of the financial standing of our Accredited Insurance companies are recommended. About BDO Insurance Brokers Inc. – We Find ways

BDO Insurance Brokers, Inc. was established in 1998 to serve the insurance requirements of the country’s number one bank BDO, and the country’s number one retail chain SM and its affiliates. Through the years, BDO Insurance (BDOI) has grown in step with BDO Unibank, evolving into a total risk and insurance solutions provider and consultant for its clients. Today, it is one of the top three insurance brokers in the country managing an asset of value over 200 Billion.

Being ranked 40th insurance broker in the country on its first year in 1998 to no. 4 in terms of Premiums (Php 2.671B) and no. 1 in terms of commissions (Php 507.4M) from the most recent Insurance Commission as of December 2011. Strategic Risk Management to Protect Your Balance Sheet

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