PROFESSIONAL CRITERIA

According to Directive 2002/92/EC of the European Parliament and of the Council of 9 December 2002 on Insurance Mediation;

"Insurance Mediation" means the activities of introducing, proposing or carrying out other work preparatory to the conclusion of contracts of insurance, or of concluding such contracts, or of assisting in the administration and performance of such contracts, in particular in the event of a claim.

"Insurance Intermediary" means any natural or legal person who, for remuneration, takes up or pursues insurance mediation;

APPROACH OF SAB TO INSURANCE INTERMEDIARIES

1. WHAT'S TO BE DONE PRIOR TO CONTRACTS OF INSURANCE ?
   1. Defining the potential customers
   2. Investigating the alternative insurance products
   3. Conducting studies on improvement of insurance products
   4. Conducting studies on innovative insurance products,
2. AGREEMENT PHASE PRE-STUDIES
   1. Determining & designating the needs of the customer
   2. Determining preventive measures to be taken to minimize risk
   3. Supplying information to the customer for possible future requirements of insurance
   4. Supplying information to the customer on the contract of insurance that she has puchased
   5. Determining & informing the customer on her rights & benefits pertaining to the earlier contracts of insurance
   6. Informing the customer on the insurance premiums to be paid for the contract of insurance,
3. CONTRACT OF INSURANCE PROCESS
   1. Processing contracts of insurance in line with ethics of insurance
   2. Preparing & conveying the contract of insurance on time
   3. Pursuing of insurance premium payments
   4. Pursuing of loss to full extent
   5. Keeping up the contract of insurance updated,
4. FUNCTIONS RELATED TO PROFESSIONAL DEVELOPMENT
   1. Formation of an organizational structure of occupation
   2. Having professionals with high degree of integrity & knowledge
   3. Organization of high caliber activities for personal and institutional development
   4. Following publication, legislation, technology and local & global activities in the insurance sector.

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