New Product Development and FRA Approval

The insurance market is always looking to meet the needs of customers through insurance programs and renewable products. Therefore, the Financial Services Institute, through this New Product Development program, provides the scientific and practical method for developing insurance products and creating new products designed specifically for customers in a manner that suits their needs and directs their desires. This is in addition to the methods of approving products through the General Authority for Financial Supervision in a practical manner, which facilitates and accelerates the pace of approving products and eliminating any obstacles that slow down the process of approving products.

Target Audience

Products development – Underwriters – Marketing – Sales

Content For New Product Development course

• The importance of developing insurance products.
• Blue Ocean Strategy.
• Steps to develop and create a new insurance product.
• The governing framework for approving the insurance product.
• The administrative structure and governance of insurance products.
• The Financial Technology Law and its impact on the approval cycle of various insurance products.

Duration

10 Hours _ 2 days