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Bancassurance tag returned 64 results

  • Singapore: FPAS to train over 1,000 wealth planners from DBS Bank

    Financial Planning Association of Singapore (FPAS) and DBS Bank have announced a partnership to develop training and assessment programs for more than 1,000 wealth planning managers within the bank.

    Agents | 09 Oct 2018
  • Vietnam: Over-rapid bancassurance ops jeopardise insurers

    Rapid growth of bancassurance activities could cause insurers to have to pay compensation to customers due to mistakes made by bank employees, who serve as insurance consultants.

    Asia | 04 Oct 2018
  • Bancassurance fees earned by banks averaged 4.5% in first 8 months

    In the first eight months of this year, handling fees earned by banks from bancassurance sales hovered around 4.5%.

    China | 21 Sep 2018
  • Bancassurance steals the show

    Bank-promoted life insurance companies in India grew at 19% in 2017-18 as compared to 11% growth achieved by the life insurance industry.

    AIRPlus | 05 Sep 2018
  • Bancassurance: A few tips for a successful partnership

    Bancassurance tie-ups are popular as they offer insurers a ready, captive pool of customers to tap. This helps to lower acquisition costs and risks, since the customers have gone through a round of profiling and selection by the banks. The benefits of bancassurance are further accentuated in an exclusive partnership, said NMG Consulting Strategy Consulting practice partner Nick Li, who was speaking on the topic of distribution at the recent Singapore Actuarial Society Life Insurance Conference.

    AIRPlus | 03 Sep 2018
  • UAE: Some insurers chafe at bancassurance ties between banks and other insurers

    Some insurance companies have said that their ability to compete in the market of bank customers in the UAE, which exceeds six million individual and corporate customers, is very limited and does not depend on the prices nor quality of services provided by insurers.

    Middle East | 30 Aug 2018
  • 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

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