Book of business,
Definition of Book of business:
A relationship management technique used by businesses in order to maintain a closer connection with high-value customers. For example, a bank might have customers who provide a large stream of revenue, and another set of customers who do not provide the bank with a large stream of revenue. A book of business contains customer data, and allows a business to break the customers into appropriate groups so that it can set appropriate sales targets. The bank would like to retain both customers, as well as to get low-revenue customers to provide more revenue, but might be inclined to focus more on its more valuable customers.
How to use Book of business in a sentence?
- He was very well versed in the book of business and he knew exactly what to do and when to do it.
- After we broke the 1,000 customer level, we decided we needed to have a book of business . We needed to know who were our top revenue generating customers, and who were smaller customers.
- Our company should create a book of business as we need to know who our key customers are so that we can provide the appropriate levels of support and ensure ongoing favorable business experiences for all of our customers.
Meaning of Book of business & Book of business Definition
Book Of Business,
Book Of Business means,
In the insurance context, a business book is a database or book that lists all insurance policies taken out by insurers. As a customer relationship management tool, it helps insurance companies track all their policyholders and their subsequent insurance liabilities and make business-related decisions.
The total amount guaranteed at any one time on the insurance books
You can define Book Of Business as, The old term, referring to a particular agent, manufacturer, marketing agency, general agent, or all insurance account in a similar category, sometimes simply called a book, usually precedes an adjective. For example: It (agent, marketing representative, division manager, etc.) has a good business, ie profitable or ... balanced business, the desired ratio between private division and business or general ledger, high volume.
Literal Meanings of Book Of Business
Book:
Meanings of Book:
Booking (accommodation, place, etc.) Purchase (ticket) in advance.
Formally record names and other personal information (of the suspect or offender)
Suddenly it disappeared.
Written or printed work, consisting of pages enclosed in an envelope, pasted or sewn on one side.
A set of blank sheets of paper for writing or taking notes.
A series of stamps, stamps, matches, checks, fabric samples, etc. are interconnected.
Sentences of Book
I booked a table at Swan
The police hired me and took me to the train station
Book with selected poems
Accounting book
Sample book
Synonyms of Book
pad, notepad, arrange for, title, publication, binder, exercise book, work, order, arrange in advance, reserve, printed work, treatise, opus, tome, volume, notebook, prearrange, make a reservation for, memo pad
Of:
Meanings of Of:
It shows the relationship between the part and the whole.
Indicates the relationship between scale or size and value.
Refers to the relationship between two organizations, usually the organization of the association.
This shows the relationship between the address and the waypoint.
It represents the relationship between a general type or type and a particular object belonging to that category.
After a noun that comes from or is related to an action.
Identify the component or substance that makes the difference.
Express the hour for the next hour.
Sentences of Of
5% increase
North of Chicago
Nice to meet you
This will be the quarter in New York
Synonyms of Of
carried out by, caused by, of, by, done by, from, made by, in
Business:
Meanings of Business:
Possession, occupation or habit of a person.
The practice of making a living from business.
An event or series of events that is usually embarrassing or disgraceful.
Actions other than dialogue by actors.
Sentences of Business
He will keep smiling a lot in his business
Synonyms of Business
event, line, matter, field, bargaining, affair, pursuit, trafficking, circumstance, trading, situation, commerce, episode, adventure, profession, work, sphere, employment, issue, happening, line of work
Book Of Business,
How To Define Book Of Business?
The definition of Book Of Business is: The number, size and type of accounts managed by agents (insurance) for which they receive a commission.
Literal Meanings of Book Of Business
Business:
Synonyms of Business
eventuality, walk of life, case, job, position, dealing, occupation, career, marketing, merchandising, buying and selling, thing, occurrence, trade, phenomenon, set of circumstances, interlude, traffic, day job, calling, incident, vocation, craft, occasion, experience
Book Of Business,
What is The Definition of Book Of Business?
Definition of Book Of Business: An insurance business book is a database or book that lists all the insurance policies written by the insurers. As a customer relationship management tool, it helps insurance companies track all their policyholders and their subsequent insurance liabilities and make relevant business decisions.
The total amount insured on the insurance books at any one time.
An old term used to designate a particular agency, retailer, marketing agency, general agency department office, or all such insurance accounts. Sometimes referred to as just a book, the term usually precedes an adjective. For example: He (agent, marketing representative, division manager, etc.) has a good business. - means profitable or ... balanced business - the desired ratio between private and business distribution or large volume - large volume.
Book Of Business means, The number, size and type of accounts (policies) that agents offer and for which they receive a commission.
Literal Meanings of Book Of Business
Book:
Meanings of Book:
A written or printed work consisting of pages that are sewn or sewn to one side and wrapped in an envelope.
A series of interlocking stamps, stamps, matches, fabric patterns, etc.
Book (accommodation, location, etc.) in advance (tickets).
Record personal data formally (someone who has violated the law or regulations).
Get started immediately.
Sentences of Book
I booked a table in Swan.
Did you just eat and order pizza and lemonade?
Synonyms of Book
hire, secure, cahier, yellowback, pocketbook, guide, chronicle, timetable, programme, engage, log, scratch pad, handbook, storybook, lay on, daybook, diary, bag, charter, hardback, fix up, logbook, line up, jotter, bespeak, softback, journal, slate, reference book, manual
Of:
Meanings of Of:
Expresses the relationship between part and whole.
Indicates the affiliation between two entities, usually one of the affiliation, where the first is the header of the sentence and the second is the affiliation.
Expresses the relationship between direction and reference point.
Indicates the relationship between a general category or type and a particular item belonging to that category.
Derived from a verb or after a related noun.
Variations of the spelling of ob that are found before f (such as insulting)
Sentences of Of
North of Watford
Business:
Meanings of Business:
A person's general occupation, occupation or trade.
(Original English) Traditional rules and rituals.
A series of situations or events that are usually embarrassing or disrespectful.
Action on stage in addition to dialogue.
A very nice or popular person or thing.
A group of ferrets
Sentences of Business
Experts who usually do their business on the Internet.
Companies that want to do business with Japan.
Maybe some of them turned out to be positive.
This is brandy deal.
Your minister will cross the ship like blue.
Synonyms of Business
negotiations, way, proceedings, dealings, game, métier, transactions, racket, grip
BOOK OF BUSINESS,
How Do You Define BOOK OF BUSINESS?
The total sum insured on the insurer's books at any one time.
An old term used to designate all insurance accounts for a particular agency, retailer, marketing agency, general agency department office, or similar category. Sometimes referred to simply as a book, the term usually precedes an adjective. For example: He (agent, marketing representative, division manager, etc.) has a good business, ie profitable or ... balanced business, the desired ratio between private division and business or general ledger, more volume.
The number, size and type of account (policy) that agents offer and for which they receive a commission.
Literal Meanings of BOOK OF BUSINESS
BOOK:
Meanings of BOOK:
A written or printed work consisting of pages that are pasted or sewn together and wrapped in an envelope.
A series of interlocking stamps, stamps, matches, fabric samples, etc.
Book (accommodation, location, etc.) (tickets) in advance.
Sentences of BOOK
Have you just eaten your pizza and drank and ordered your lemonade?
Synonyms of BOOK
paperback, ledger, record book, companion, novel, schedule
OF:
Meanings of OF:
Indicates the relationship between the two institutions, usually one of the parents, the first sentence title and the second something related to it.
Derived from or after a noun related to a verb.
The spelling ob is merged before f (as is the case).
Sentences of OF
In New York, only a quarter of three
BUSINESS:
Meanings of BUSINESS:
A person's general occupation, profession or trade.
A situation or series of events that is usually embarrassing or humiliating.
Sentences of BUSINESS
This is a brandy deal.
Your mines will cross the ship like ships.
