Despite all the disruptive innovation and automated distribution, the lure of bancassurance is still compelling. And getting more important! The proliferation of data, big and small, as well as digital and distribution channels, have given a unique boost and niche to bancassurance all over the world. The use of big data, analytics and insights into consumer behaviour have also given a new dynamic twist to bancassurance. Predictive insight is not an option but a “lifestyle” in buying and selling insurance in today’s highly connected world and social space. Strategic alliances between banks and insurers have also become ever more important to get the best deals from the partnerships for maximum mileage.
Are banks up to mark in tapping this new wave? Are insurers getting the best pacts from their bank partners? What are the key strategies for bancassurance to be successful today in the disrupted world? Why are bancassurance deals getting even bigger with greater geographical covers and more long-term? What lessons can be drawn from these mega billion-dollar deals? Are alternative distribution channels around the world keeping up?
Asia Insurance Review’s 18th Asia Bancassurance conference will set the stage for banks, insurers, strategic partners and international top leaders to explore innovative strategies to harness the power of partnerships, dynamic distribution channels, smart deals, data and insights, as well as advances in the Internet of Things (IoT), telematics and InsurTech, to increase profits and achieve a competitive edge in the banking and insurance sectors.
The two-day conference will also look for intelligent solutions for improving underwriting, pricing, claims management, product innovation, customer experience, and look at what makes bancassurance continue to bloom and flourish!