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Bancassurance tag returned 58 results

  • Bank-owned insurers see 158% jump in combined net profits in 1H

    The life insurance units of China' s Big Four banks have posted a combined net profit of CNY1.47bn for the first half of the year, 158% higher than the CNY570m for the corresponding period last year.

    China | 10 Aug 2018
  • UAE: Regulator spells out bancassurance conditions

    The UAE Insurance Authority is requiring all insurance companies to meet five conditions for marketing insurance policies through banks before they are allowed to carry out bancassurance.

    Middle East | 25 Jul 2018
  • Egypt: Insurers want regulatory support to distribute products through post offices

    The insurance industry wants the Financial Regulatory Authority (FRA) to facilitate the issuance of e-insurance policies through the branches of the National Postal Authority across the country, so as to promote the development of microinsurance and enhance financial inclusion.

    Middle East | 05 Jul 2018
  • Vietnam: Local bank looks for insurer to be bancassurance partner

    The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) plans to invite bids from insurers for exclusive rights to distribute life insurance products through its network.

    Asia | 27 Jun 2018
  • Indonesia: Insurance agents to continue to play big role in next 5 years

    The Indonesian Life Insurance Association (AAJI) is optimistic that their agency channel will continue to be big in the next five years despite the challenge of digital channels.

    Asia | 20 Jun 2018
  • Bank Partner of the Year 2018: Citibank, Hong Kong

    For its collaborative efforts and relentless focus on continuous improvement at all levels of its bancassurance partnership with AIA, Citibank has won Bank Partner of the Year at the 3rd Asia Trusted Life Agents & Advisers Awards.

    Agents | 08 Jun 2018
  • UAE: Prior regulatory approval a must for bancassurance products

    The UAE Insurance Authority (IA) has said that that all insurance companies and takaful operators have to obtain its authorisation before they sell products through banks.

    Middle East | 07 Jun 2018
  • The extraordinary growth of bancassurance

    Growth of life insurance in Asia has skyrocketed over the past five years, due to both the expansion of bancassurance channels and massive bancassurance deals, as well as a change in the demographic of the emerging markets of the region. It is a balance between the two that will allow life insurers to continue closing the protection gap, said BPI-Philam Life Assurance CEO Surendra Menon. "Whether this growth trend will continue in the future depends on how they and their bank partners tackle the seven major trends in bancassurance," he said.

    AIRPlus | 23 May 2018
  • Financial Adviser of the Year 2018: Nguyen Thi Thanh Lich

    For achieving outstanding performance to be named top adviser of Manulife Vietnam as measured by APE for two consecutive years, and her untiring efforts in helping to inspire others, Ms Nguyen Thi Thanh Lich was named Financial Adviser of the Year at the 3rd Asia Trusted Life Agents & Advisers Awards.

    Agents | 21 May 2018
  • The lure of rural India

    The rural and semi-urban regions of India contribute around 46% to the country's net domestic product and employ close to 70% of the total workforce in the country. This huge segment which is highly aspirational and has largely been neglected by governments in the past is witnessing an economic boom today and is at the core of all marketing plans and activities by companies of all hues and sizes and across segments. The insurance industry, too, sees huge potential in this segment as the government pushes financial inclusion and mass health insurance schemes across jurisdictions. We speak to Apollo Munich Health Insurance Company CEO Antony Jacob about the company's rural push and the huge opportunities that exist.

    AIRPlus | 16 May 2018

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