Industry Segments: Bancassurance Page 1 / 7
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- March 28 2023
Chubb signs 15-year GI bancassurance deal with Hang Seng Bank
The new partnership, which replaces an agreement with QBE, will launch in July.
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- September 21 2022
Chubb in advanced talks for Hang Seng bancassurance deal: report
The Hong Kong bank is seeking a new partner after its 10-year exclusive deal with QBE expired earlier this year.
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- August 30 2022
AIA’s Bonnie Tse takes charge as Blue Cross CEO
The appointment follows the completion of the carrier's acquisition of Blue Cross and Blue Care.
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- August 15 2022
QBE’s Hong Kong GI partnership with Hang Seng Bank expires: report
The Australian insurer could also agree a new bancassurance deal.
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- March 7 2022
AIA and BEA form GI partnership off back of Blue Cross sale
AIA will provide insurance solutions, including health insurance, to BEA’s customers in Hong Kong.
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- October 7 2021
Vietnam’s BIDV Insurance saw 13% GWP growth in 2020: AM Best
The insurer's combined ratio has averaged around 98% over the past five years.
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- October 4 2021
Hong Kong regulators target premium financing
A joint Insurance Authority and Monetary Authority study calls for improvement around risk disclosure.
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- September 13 2021
Malaysian regulator seeks feedback on bancassurance
The central bank has given stakeholders until September 30 to submit feedback.
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- August 31 2021
Vietnam’s life market sees H1 new business rise 48.5%: report
Total premiums for country's life sector are estimated at around US$3.2bn.
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- July 14 2021
Zurich promotes Junior Cho to Malaysia country head
The industry veteran is CEO of the insurer's Malaysia GI arm and succeeds Stephen Clark.
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- June 8 2021
CBA close to selling domestic P&C business–report
AFR report says IAG and Allianz are the frontrunners in the bidding for CommInsure.
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- March 24 2021
AIA acquisition of BEA Life a sign of things to come
Hong Kong insurer pays US$650m and inks 15-year bancassurance partnership.
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- March 3 2021
FWD poised for Indonesia growth as it seals BRI Life deal
The HK-based insurer takes a 29.86% stake in the life player and teams up with the country's largest bank.
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- February 2 2021
AIA, China Strategic submit binding bids for BEA Life: report
The sale is expected to raise US$500-600m for the Hong Kong-listed lender.
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- December 29 2020
ICICI Pru Life inks deal with AU Bank
The deal expands the insurer's distribution channels among underserved populations.
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- November 20 2020
Sun Life expands Asean reach with ACB partnership
The firm has secured a second bancassurance relationship in Vietnam.
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- October 13 2020
Manulife’s Sachin Shah says Asia has passed digital “tipping point”
The life giant is targeting strong regional growth, while Covid-19 is changing market dynamics.
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- June 5 2020
FWD seals US$300m deal, CEO hails Indonesia as a “priority market”
The HK major announced the acquisition of Australia's Commonwealth Bank's division in 2018.
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- March 19 2020
Prudential seals US$753m TMB bancassurance deal
FWD will leave its agreement on April 1 after a period of heavy expansion in Thailand.
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- November 27 2019
Sun Life inks US$75m Vietnam bank deal
Asean president Leo Grepin says the deal with TP Bank will provide access to 2.5m customers.
