- current products are unprofitable
- business volumes are low.
- changes in legislation open new opportunities
- changes in legislation require re-design of existing products
- new products launched by competitors.
Is the design change applicable to existing policies, or just new ones? How to disclose the change to the customer? If the change involves a new partner, will there be an issue of reputation? Economies of scale?
Whenever you are talking about expenses, you need to specify the types of expense you talk about
If the contract is simple, the following advantages are obtained