Virtu Systems presented aggregator of commission products at the conference “Bancassurance and insurance of banking risks” on May 30, 2019

The aggregator increases sales of#nbsp;commission products, allows to#nbsp;do#nbsp;the personalized offers and gives a#nbsp;choice to#nbsp;customer. Commercial Director of#nbsp;Virtu Systems Dmitry Chesnokov spoke about creation of#nbsp;aggregator and presented two cases at#nbsp;the#nbsp;IV conference "Bank Insurance and Banking Risk Insurance", which took place in#nbsp;Moscow on#nbsp;May 30, 2019.

Currently, banks have to#nbsp;sell over the counter insurance products at#nbsp;an#nbsp;average fixed price without giving the choice to#nbsp;the client. The client overpays for the policy and feels that the product was imposed. This contributes to#nbsp;grows of#nbsp;percent of#nbsp;refusal of#nbsp;insurance products during the free look period. It’s more than 15% for now.

The aggregator can solve this problems. It#nbsp;allows to#nbsp;provide to#nbsp;the client the choice and to#nbsp;create idea of "the fair price" in#nbsp;his mind. The aggregator transfers customer data to#nbsp;insurance companies for scoring and providing personalized offers.