Subject: Bancassurance Page 6 / 7
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- September 7 2016
CIMB and Sompo sign partnership deal
The agreement will allow CIMB to sell Sompo's non-life products, including travel and motor insurance.
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- August 19 2016
Allianz, Axa join bidding war for StanChart rights
Bidding has started for the rights to distribute general insurance products through the bank's branches.
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- July 20 2016
Taiwan set to tighten rules on life insurance products
Regulators intend to lower the current 5% insurance policy bancassurance fees to 3.5% to contain costs.
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- July 19 2016
Indian life firms post strong growth
Statistics from June show a 23% increase in annualised premium equivalent, according to Kotak Institutional Equities Research.
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- July 18 2016
FWD signs Vietnam distribution agreement
The 15-year bancassurance deal solidifies FWD’s market entry as it completes the acquisition of Great Eastern Life Vietnam.
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- June 27 2016
CIMB to reap M$1bn revenue from banca deal
The Malaysian group expects to generate US$245m from its 15-year bancassurance deal with Sompo Japan Nipponkoa.
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- June 10 2016
StanChart seeks bancassurance partners in Asia
The UK bank is looking for partners that could pay at least US$400m for access to the bank's network in the region.
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- June 7 2016
CIMB to sell Sompo Japan products in SE Asia
Malaysia's second-largest bank has struck a distribution deal for the Japanese insurer's non-life products.
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- June 2 2016
World’s top insurers eye South-East Asia acquisitions
Forthcoming opportunities include a stake sale in Siam Commercial Bank insurance unit SCB Life Assurance.
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- May 30 2016
Korea orders insurers to apply stricter lending rules
The move is part of the government's efforts to keep the country's household debt in check.
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- May 27 2016
Japan’s regulator holds off enforcement of commissions disclosure
Opposition from regional banks prompts FSA to set aside plan to require banks to disclose commission details.
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- May 9 2016
Manulife seeks new partners in Asia
Manulife continues to look for suitable partners in Asia as sales in the region remain strong, the company has said.
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- April 29 2016
Everest Bank, MetLife Nepal ink bancassurance deal
The deal represents a rare bancassurance tie-up in one of the poorest countries in Asia.
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- April 19 2016
Indian life companies warned on bancassurance
An industry group has warned life companies about relying too much on banks for selling insurance policies.
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- April 14 2016
Sompo nears US$200m bancassurance deal with CIMB
The 10-year deal will allow the company to distribute general insurance products through CIMB's branches across Asia.
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- February 23 2016
Three bidders for CIMB bancassurance deal
Allianz, AXA, and Sompo are reportedly in their final bids to seal a distribution deal with Malaysia's second largest lender.
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- February 18 2016
Philippines approves Allianz-PNB bancassurance deal
The Philippines Insurance Commission has approved the 15-year deal to create Allianz PNB Life Insurance.
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- February 4 2016
Asia United Bank seeks bancassurance partners
Bank's president says that potential partners have approached the bank for a possible deal.
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- January 18 2016
Smaller life firms in China worst-hit by stock sell-off
Small and medium-sized life insurers tend to have the most aggressive risk appetites, says Fitch.
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- January 18 2016
EastWest Ageas Life wins Philippines licence
Joint venture between EastWest Bank and Ageas has been approved by the Insurance Commission.
