BANCASSURANCE

Hong Kong

CMB Wing Lung Bank Limited and FWD Insurance Sign Bancassurance Agreement. Press release, April 11, 2022

FWD Hong Kong & Macau will offer life and medical insurance, employee benefits, and financial planning to customers of the CMB Wing Lung Bank. CMB Wing Lung Bank has over 30 banking business outlets and CMB Wing Lung Private Banking Centre in Hong Kong.

Hong Kong

Generali and ZA Bank Enter Bancassurance Partnership. Finextra, April 7, 2022.

The partnership will offer life insurance products issued by Generali Hong Kong on the ZA Bank App. The first phase of launch comprises five life products covering: critical illness, savings, retirement, Qualifying Deferred Annuity Policy, and life protection with return of premium.

Indonesia

Sun Life Indonesia and CIMB Niaga Deepen Bancassurance Partnership in Indonesia. Yahoo Finance, April 6, 2022.

PT Sun Life Financial Indonesia will provide insurance solutions to PT Bank CIMB Niaga Tbk's customers under an expanded bancassurance partnership in Indonesia, which extends the term of the agreement to 2039. This new agreement makes Sun Life Indonesia the provider of insurance solutions to CIMB Niaga customers through all channels for a term of 15 years starting in January 2025.

Italy

Eurovita and Banco Desio Sign an Agreement for the Distribution of Life Products. Assinews, May 25, 2022.

Eurovita and Banco di Desio e della Brianza have signed a distribution agreement that will allow Banco Desio customers to access the insurance company's range of life products. (Text in Italian)

Philippines

RCBC, Sun Life Grepa Boards Renew Bancassurance Tie-up. Business Mirror, April 28, 2022.

RIZAL Commercial Banking Corporation (RCBC) and Sun Life Grepa Financial Inc. (Sun Life Grepa) have renewed their partnership for another 10 years of bancassurance. The current agreement has been renewed to 2033.

Spain

Santalucía Expands its Bancassurance Alliance with Unicaja for 318 Million Euros. elEconomista Seguros , June 7, 2022.

It has reached an agreement with Santalucía to extend its joint bancassurance alliance in the life risk, savings, accident, and pension plans sectors. (Text in Spanish)

Sri Lanka

Union Assurance Enters Strategic Bancassurance Partnership with Standard Chartered. Daily FT, May 4, 2022.

Union Assurance PLC has entered a bancassurance partnership with global banking giant Standard Chartered.
The partnership offers customers of Standard Chartered a range of best-in-class insurance solutions comprising savings, protection, and investment while helping further with the best insurance advice.

United Arab Emirates

RSA Middle East Enters a 5-Year Strategic Partnership with Emirates NBD to Provide General Insurance Solutions. Zawya, May 23, 2022.

As part of the long-term partnership, Emirates NBD will distribute RSA’s general insurance products, including travel and third-party benefits, on preferred basis to its customers and staff in the UAE.

Vietnam

Shinhan Life Vietnam and Shinhan Bank Vietnam sign insurance business partnership. Vietnam News Summary, May 26, 2022.

Shinhan Bank Vietnam will consult and introduce life insurance products of Shinhan Life to the bank's customers nationwide. Customers' demand for insurance products at the bank has expanded substantially and they want comprehensive advice on financial solutions, including insurance products.