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auto Income insurance

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Ahmad Tifla

This document outlines potential revenue sources from insurance in three areas: new car sales, renewals, and extended warranty protection (EWP). It estimates that renewals could generate RM 975,000, EWP could generate RM 8.6 million, and new car sales could generate RM 3.705 million after accounting for sales incentives and marketing support from insurance companies. Implementation timelines for the potential revenue sources range from April 2015 to June 2015.

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REVENUE FROM INSURANCE
Potential focus area for cost reduction initiatives 3. Increase Revenue Drivers Page 2 Insurance Income Potential amount Implementation 1. New Car 2. Renewal 3. EWP 1. RM 3.705M 2. RM 975,000 3. RM 8.600M 1. April 2015 2. June 2015 3. April 2015
INSURANCE INCOME ON RENEWAL Average traffic per annum 500,000 cars Average premium per car RM650 Target penetration 3% ESTIMATED TOTAL INCOME RM 975,000 INSURANCE FROM EWP ( PROPOSED NEW ) 1. PROJECTED SALES 153,000 2. TARGET ; 75% PENETRATION 114,750 3. AVERAGE PREMIUM RM 300 TOTAL ESTIMATED INCOME ( 25% ON TOTAL PREMIUM) RM 8.600M INSURANCE INCOME ON NEW CAR ASSUMPTIONS UNIT 1. PROJECTED SALES 153,000 2. TARGET ; 40% Branch Sales less 15% leakages ) 52,000 3. AVERAGE PREMIUM RM 950 TOTAL ESTIMATED INCOME ( 10% ON TOTAL PREMIUM) RM 4.940M LESS : SALES INCENTIVE RM 2.470M ADD : A & P from Insurance Co RM 1.235M EATIMATED TOTAL INCOME RM 3.705M

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auto Income insurance

  • 2. Potential focus area for cost reduction initiatives 3. Increase Revenue Drivers Page 2 Insurance Income Potential amount Implementation 1. New Car 2. Renewal 3. EWP 1. RM 3.705M 2. RM 975,000 3. RM 8.600M 1. April 2015 2. June 2015 3. April 2015
  • 3. INSURANCE INCOME ON RENEWAL Average traffic per annum 500,000 cars Average premium per car RM650 Target penetration 3% ESTIMATED TOTAL INCOME RM 975,000 INSURANCE FROM EWP ( PROPOSED NEW ) 1. PROJECTED SALES 153,000 2. TARGET ; 75% PENETRATION 114,750 3. AVERAGE PREMIUM RM 300 TOTAL ESTIMATED INCOME ( 25% ON TOTAL PREMIUM) RM 8.600M INSURANCE INCOME ON NEW CAR ASSUMPTIONS UNIT 1. PROJECTED SALES 153,000 2. TARGET ; 40% Branch Sales less 15% leakages ) 52,000 3. AVERAGE PREMIUM RM 950 TOTAL ESTIMATED INCOME ( 10% ON TOTAL PREMIUM) RM 4.940M LESS : SALES INCENTIVE RM 2.470M ADD : A & P from Insurance Co RM 1.235M EATIMATED TOTAL INCOME RM 3.705M