Tuesday, December 12, 2017

DBS and Chubb ink 15-year regional distribution deal

DBS and Chubb have signed a 15-year regional distribution partnership agreement covering Singapore, Hong Kong, Taiwan, Indonesia and China.

Under the terms of the deal, DBS will distribute Chubb’s coverage for home, contents and selected personal accident and supplemental health insurance products as well as general insurance products for SMEs, on an exclusive or preferred basis.

“Insurance is an important part of our overall customer value proposition and we are delighted to partner with Chubb,” said Tan Su Shan, group head of consumer banking and wealth management at DBS.

“Chubb’s track record in delivering digital innovation, collaborating with partners and offering a suite of market leading products across multiple customer segments makes them an ideal partner.”

The agreement will take effect in early 2018 and roll-out is expected progressively through 2018.

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