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
