Product Trends

BANCASSURANCE

Banestes signs partnership to offer security products. Press release, January 10, 2023.

Brazilian bank Banestes and Zurich Minas Brasil Seguros have entered into a partnership to expand their insurance operations in Brazil. The partnership will initially last five years. (Text in Portuguese)

Prudential Cambodia and SSMC partnership improving Kingdom’s healthcare landscape. Vietstock, January 2, 2023.

Prudential Cambodia announced a strategic partnership with Sing-Specialists Medical Centre (SSMC) to enhance the healthcare landscape in Cambodia. The partnership aims to provide customers with a variety of value-added services and benefits.

Zurich extends partnership with Deutsche Bank. Coverager, January 26, 2023.

Zurich extends partnership with Deutsche Bank Zurich Group Germany. The partnership has been expanded to include Postbank, the retail banking division of Deutsche Bank.

CCB (Asia), FWD Nail Bancassurance Partnership Long-term Agreement Again. AA Stocks, January 30, 2023.

CCB (Asia) and FWD Hong Kong both signed a bancassurance partnership long-term agreement for the next ten years.

Dah Sing Bank and Sun Life Join Forces in 15-Year Exclusive Bancassurance Partnership in Hong Kong. Press release, January 20, 2023.

Sun Life will be the exclusive provider of life insurance solutions to Dah Sing Bank's 570,000 retail banking customers to fulfill their savings and protection needs at different life stages. Dah Sing's distribution network has over 40 branches in Hong Kong.

Aditya Birla Health Insurance partners with UCO Bank. Business Standard, March 31, 2023.

Aditya Birla Health Insurance Co. Ltd. (ABHICL) has announced its bancassurance partnership with public sector lender, UCO Bank, for the distribution of health insurance products through the bank’s branches across India.

Max Life partners with Ujjivan Small Finance Bank to offer life insurance solutions. Daily Excelsior, March 8, 2023.

Max Life Insurance Company has partnered with Ujjivan Small Finance Bank to offer holistic life insurance offerings to Ujjivan SFB’s customers. Through this partnership, Max Life and Ujjivan SFB will offer a range of savings, protection, retirement, and group life insurance plans to more than 73 lakh Ujjivan SFB customers.

Bharti AXA partners with Unity Small Finance Bank to distribute insurance products. CNBC TV18, February 28, 2023.

Bharti Axa’s Life Insurance comprehensive suite of life insurance plans, including protection, savings, investment and retirement will be available to the Bank’s customers. Unity Bank has 111 branches and 206 offices in pan India.

Aditya Birla Health Insurance (ABHICL) inks Bancassurance Partnership with Punjab & Sind Bank. Mint, January 13, 2023.

The bancassurance partnership will allow for the distribution of ABHICL health insurance products. Punjab and Sind Bank has a wide distribution network of over 1,528 branches.

Bajaj Allianz Life, Punjab & Sind Bank in bancassurance tie-up. Mint, January 11, 2023.

Bajaj Allianz Life Insurance and Punjab & Sind Bank have partnered to offer protection and savings life insurance plans to the bank's customers.

The Nation's Bank(NBP) and State Life Insurance Corporation(SLIC) extending partnership in new verticals by offering bilateral financial solutions. Press release, February 15, 2023.

NBP and SLIC signed a Memorandum of Understanding (MOU) for offering bilateral financial and insurance solutions. NBP has over 200 branches across Pakistan.

TPL Life launches Pakistan’s First Virtual Life Insurance Agent Platform ‘Muavin’ PakObserver, March 16, 2023.

Virtual Life Insurance Agent Learning & Earning Platform – “Muavin” provides ameans for every Pakistani to create an alternate or regular income stream by selling TPL Life’s insurance products. This unique digital platform can be accessed for learning, acquiring a certification, and subsequent sale of insurance products by certified Muavins via Mobile App &/or Web.

Pru Life UK, Robinsons Bank renew Distribution Agreement Press release, February 11, 2023.

Pru Life UK and JG Summit’s financial services arm Robinsons Bank today announced the renewal of their strategic bancassurance partnership at a virtual signing ceremony.

Talanx strengthens its business in core market Poland through ten-year bancassurance agreement. Press release, February 13, 2023.

Ten-year cooperation between Europa Group and Bank Millennium through bancassurance agreement. Bank Millennium has a strong distribution network, serving roughly four million customers.

Bankinter and Liberty Seguros enter into a new bancassurance partnership. Press release, February 23, 2023.

The two entities will promote innovation and market automobile and homeowners' insurance through all Bankinter channels and networks in Spain and Portugal, including EVO Banco.