AIA announces Hong Kong’s first blockchain-enabled bancassurance network. Press release, November 14, 2017.
The blockchain-enabled bancassurance solution allows AIA to share policy data and documentation in seconds to improve customer experience and process efficiency.
Reliance Capital arm, YES Bank in bancassurance pact. The Hindu Business Line, November 17, 2017.
Reliance General Insurance signed a bancassurance agreement with YES Bank. YES Bank has a network of 1,040 branches.
PNB MetLife in distribution pact with Bank of Bahrain and Kuwait. The Hindu Business Line, November 12, 2017.
PNB MetLife signed a bancassurance agreement with the Bank of Bahrain and Kuwait (BBK). BBK customers will have access to PNB MetLife’s products including health, savings, and wealth to rural plans.
CNP Assurances and UniCredit renew their partnership in Italy. Press release, December 20, 2017.
The distribution agreement has been renewed for another seven years through December 2024. It allows for the distribution of unit-linked savings products, individual protection insurance, and term creditor insurance.
Cattolica submits a binding offer for a bancassurance partnership with Banco BPM Group in life and P&C sectors. 4-traders, September 27, 2017.
Cattolica and Banco BPM applied for a bancassurance partnership. This will allow for the distribution of life products.
Public Bank and AIA announce long-term extension of exclusive regional bancassurance partnership to 2037.
Press release, December 21, 2017.
Public Bank and AIA announced a 15-year extension to their current bancassurance agreement to 2037.
They will work together towards increasing the purchase of life and health insurance by Public Bank’s base of more than nine million customers
BankIslami Pakistan signs agreement with Jubilee Family Takaful to launch new bancatakaful products. Press release, October 4, 2017.
BankIslami Pakistan and Jubilee Family Takaful signed an agreement to launch bancatakaful products and critical illness plans. BankIslami has a network of over 320 branches.
China Bank Savings (CBS) offers loans bundled with insurance. Inquirer.net, November 28, 2017.
The Easi-Funds Salary Loan Protection Bundle provides free group credit life insurance with total and permanent disability coverage to customers of the thrift bank’s Easi-Funds salary loan. The coverage of up to three times the outstanding loan balance, with a maximum of up to P1 million.
Online-only bank taps into insurance. The Korea Times, December 4, 2017.
K Bank has begun selling bancassurance products. Approximately 20 savings- and protection-type policies, called mobilessurance, are available through their app.
NBC, Sanlam partner to benefit clients with wide product offering. 4-traders, November 27, 2017.
The partnership between the National Bank of Commerce (NBC) and Sanlam in Tanzania will give clients a choice of insurance products through the NBC network.
AIA, VPBank enter into 15-year exclusive bancassurance partnership. Press release, October 23, 2017.
VPBank customers will gain access to AIA’s range of life insurance products and services complemented by AIA’s Vitality wellness program.
Strategic business alliance between Saigon-Hanoi Bank and Dai-ichi Life Insurance Company of Vietnam, Limited (DLVN). Press release, October 6, 2017.
DLVN signed a 15-year exclusive bancassurance agreement with Saigon-Hanoi Bank. Saigon-Hanoi Bank has approximately 230 branches in Vietnam.
Maritime Bank signs MoU with Dai-ichi Life. Vietnam Economic Times, October 3, 2017.
Maritime Bank and Dai-Ichi Life have signed a strategic partnership agreement. Dai-Ichi Life’s life insurance solutions will be available to Maritime Bank customers in the northern region. Maritime Bank has a network of over 300 offices.