Adendum analyses the technical infrastructure, guarantees, sales and operational obstacles of the existing products and designs alternative product revisions.
Adendum developes competitive, innovative, simple but strong structured products in line with the companies' target and strategies. We use international products as "benchmarking" as well as our domestic expertise.
We enrich the risk/protection products with various clauses considering distribution channels and target groups.
Adendum is especially keen about the potential for the decumulation products in life insurance and pensions fund sector. Adendum helps to model the retirement period by designing innovative retirement products for accumulation period for both private pension system and life insurance sector which also welcomes the fund transfers from Endowments/Provident Funds.
New pension plans are designed according to the sales and marketing targets of the pension fund companies.
The requirement for the decumulation products increases as the pension plan members reach retirement. Adendum adressses the potential in Individual Retirement System and life insurance market as well as the savings transferring from the provident funds & foundations to the Individual Retirement System/BES by modelling retirement products.
Adendum conducts profitability analysis for all kinds of products before product launch and designs the remuneration systems for the sales distribution channels.