Bancassurance

Cambodia

PPCBank and Prudential Cambodia partner to drive life insurance access to Cambodians. Press release, February 1, 2021.
Prudential Cambodia’s best-in-class life insurance products will be accessible to Cambodians through PPCBank’s extensive network and branches.

Ghana

CalBank, Saham Insurance enter partnership to deepen insurance. Business and Financial Times, February 24, 2021.
CalBank and Saham Insurance have unveiled a partnership that will see the bank provide its customers with innovative general insurance products and services underwritten by the insurance giant.

Hong Kong

AIA acquiring BEA Life and partnering with Bank of East Asia (BEA) on insurance distribution. Shine.cn, March 25, 2021.
AIA Group has announced an exclusive 15-year bancassurance agreement with BEA. BEA will distribute AIA’s life insurance and long-term savings products. BEA has more than 1.2 million customers in Hong Kong.

Indonesia

To optimize bancassurance channel, Allianz Life Indonesia cooperates with Bank Hana. Kontan.co.id, January 21, 2021. (Text in Indonesian)
Allianz Life Indonesia will be a provider of life insurance products and services for Hana Bank customers. Hana Bank has approximately 53 branch offices spread across various regions of Indonesia.

India

SBI General Insurance enters bancassurance partnership with Indian Overseas Bank (IOB). Life Insurance International, March 2, 2021.
SBI General Insurance has entered into a bancassurance partnership with IOB. IOB has more than 3,200 branches across the country along with an overseas presence.

Italy

Net Insurance S p A : signs partnership agreement with Banca Popolare Valconca. Insurance Trade.It. March 2, 2021. (Text in Italian)
Net Insurance has entered into a partnership with bank Banca Popolare Valconca for life protection bancassurance products. The insurance products will be distributed through the branches of the banking group in Emilia-Romagna and Marche.

Myanmar

Prudential Myanmar and Yoma Bank establish exclusive strategic bancassurance partnership. Press release, January 26, 2021.
Customers will be able to access Prudential Myanmar’s savings and financial protection products at 25 Yoma Bank branches in Yangon, Mandalay, Monywa, and Pyinmana. The nationwide bancassurance rollout across all Yoma Bank branches will take place from July to December 2021.

Philippines

Pru Life, Robinsons Bank renew insurance distribution partnership. Press release, February 11, 2021.
Pru Life UK and Gokongwei-led Robinsons Bank renewed their strategic bancassurance partnership, which has been extended for another three years from February 1, 2021. Robinson’s Bank has more than 154 branches across the country.

Spain

Alliance between Banca March and Generali in banking. ValenciaPlaza, February 15, 2021. (Text in Spanish)
Generali has signed a bancassurance alliance with Spain's Banca March. The agreement will be in force for 10 years and includes life and non-life insurance policies, which Generali will offer to the bank’s customers.

Vietnam

Prudential Vietnam and Maritime Commercial Joint Stock Bank (MSB) extend and expand successful bancassurance partnership. Press release, March 3, 2021.
Prudential Vietnam Assurance Private Limited and MSB have renewed their strategic bancassurance partnership for another 15 years. The new agreement significantly expands the geographical scope to include North Vietnam, where MSB is headquartered.

Sun Life Vietnam reveals strategy to increase insurance market share. Vietnam News Summary, March 1, 2021.
In December 2020, Sun Life Vietnam signed a partnership agreement with ACB to expand its budding bancassurance system.
The new, 15-year partnership with ACB came into effect on the first day of 2021. ACB will distribute Sun Life Vietnam’s products at their 371 branches in 48 provinces.