News

Insurance

Staff Reporter

, Thailand

Published:

4 years ago

Prudential Thailand, TMB Bank sign bancassurance venture

The insurer will provide health solutions to TMB clients for 15 years.

Prudential Life Assurance Thailand has entered into a bancassurance partnership with TMB Bank to provide health and wealth solutions to TMB’s clients for an initial 15-year term.

The agreement expands Prudential’s partnership with Thanachart Bank to TMB Bank.

The extended exclusive partnership agreement is effective 1 January 2021 and until this time the current arrangement with Thanachart Bank will continue. This requires the novation of TMB Bank’s current bancassurance distribution agreement with another insurance group, which will cost $754m (THB24.5b) paid in two installments.

Photo courtesy of Prudential Thailand website.

Also Read

Swiss Re posts $1.1b net income in Q1’24

Claims management key to insurance profitability – KPMG

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Swiss Re posts $1.1b net income in Q1’24

Insurance revenue reached $11.5b.

Insurance

9 hours ago

Claims management key to insurance profitability – KPMG

Traditional claims functions must now evolve to incorporate advanced technologies.

Insurance

10 hours ago

Australia’s disability insurance programme to receive more gov’t support

The government is investing an additional AU$227.6m.

Insurance

10 hours ago

MS Reinsurance boosts board of directors with new appointments

Fukuda and Ellenbürger’s roles are effective 24 April.

Insurance

10 hours ago

Exclusives

Is ‘Londonisation’ good for Asia’s M&A insurance market?

Industry experts dissect the region’s low usage rates for M&A insurance despite more industry players entering the field.

Insurance

1 day ago

Pressures mount for less desirable energy insurance placements

Industry experts eye offshore investments as most attractive, yet more expensive.

Insurance

Markel targets professional indemnity market in Australia

Head of professional and financial risks, Kym Beazleigh, explains the game plan in Markel’s strategic expansion.

Insurance

Natural disasters steer Asia Pacific towards parametric insurance

Swiss Re gives importance to parametric insurance amidst challenges like basis risk and modelling complexities.

Insurance

Event News

Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong

Co-Written / Partner

The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.

Co-Written / Partner Insurance fraud prevention with SAS: Strengthen today's strategies with tomorrow's solutions

Co-Written / Partner Make sure you don’t miss the Insurance Asia Forum in Kuala Lumpur

Co-Written / Partner Insurance Asia Forum 2024 convenes in Jakarta to shape the future of insurance

Co-Written / Partner Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong

The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.