Bancassurance
Bancassurance slated for $569b by 2029
Bancassurance slated for $569b by 2029
Thanks to widespread use of smart devices and internet connectivity.
India Post Payments Bank, PNB MetLife India Insurance ink bancassurance deal
The collaboration will leverage IPPB’s network of 650 banking outlets.
Shinhan Bank inks deal with Petrolimex Insurance on Vietnam expansion
The bank will distribute PJICO’s non-life insurance products.
FWD HK, Bank SinoPac ink deal on bancassurance for HNW market
The partnership aims to enhance wealth growth and legacy planning.
Blue Cross Insurance, Public Bank ink bancassurance agreement
The insurance products provide travel coverage and combined protection benefits.
Vietnamese bank expands into non-life insurance sector
Other banks which made the same move are VietinBank, Agribank, and HDBank.
Asia Pacific drives 54% of bancassurance market growth
The market is seen to expand by 6.74% this year.
How bancassurance can overcome data sharing challenges
A varied regulatory environment remains a consistent challenge for data sharing.
SBI General Insurance, HSBC seal bancassurance partnership
The bank will offer SBI General Insurance’s entire non-life offerings.
Allianz and HSBC launch new life insurance plan
The plan comes with a premium starting from RM6,000.
Indian bank launches new low-cost accident insurance
The coverage also has additional benefits such as free health consultations.
Making bancassurance partnerships work: It takes two to tango
There are 10 types of innovation that can insurers and banks can do.
Samsung Fire & Marine halts bancassurance after 20 years: Report
The FSC reports a 15% decline in bancassurance income for Korean non-life insurers.
Bancassurance market to surge 8.4% in CAGR by 2028
Market dynamics are seen to impact the stakeholders' behaviours and pricing decisions in the sector.
Regulatory shake-up threatens Vietnam’s bancassurance sales
Bancassurance activities will face stricter management, under the amended Law on Credit Institutions.
Nearly 2 in 5 of SEA’s L&H premiums now from bancassurance: Swiss Re
But many customers don’t trust bank sales representatives as much, the study found.
HSBC Singapore, MSIG enter 15-year bancassurance partnership
MSIG will distribute commercial and personal insurance solutions to HSBC’s SG customers.
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Embrace AI or be left behind, an expert said at the Asian Banking & Finance and Insurance Asia Summit today.
Commentary
Ageing populations and rising mortality main concerns for life insurers and reinsurers