Egypt
Allianz Egypt Renews Partnership with Crédit Agricole Egypt for Four Years. Zawya, June 18, 2023.
The renewal of the cooperation agreement aims to provide an array of comprehensive insurance services and solutions through Credit Agricole Egypt’s multiple distribution channels.
Hong Kong
China CITIC Bank International and FWD Macau to Establish First Bancassurance Partnership in Macao. Press Release, May 22, 2023.
FWD Macau announces the establishment of a bancassurance partnership to provide a comprehensive suite of insurance products and services to the Bank’s customers, including high-net-worth (HNW) individuals.
India
Capital Small Finance Bank Partners with Max Life to Offer Life Insurance Solutions. CNBCTV18, May 4, 2023.
Capital SFB will offer its customers a range of savings, protection, retirement, and group life insurance plans from Max Life to its customers. It will allow bank customers across the branches and other partnership channels to access innovative, flexible, and varied life insurance products.
Kenya
Britam, KCB, and NBK Bank Target SMEs in Health Insurance Distribution Deal . CapitalFM, June 7, 2023.
Britam, KCB, and NBK Bank to distribute affordable health insurance products targeted at small and medium enterprises. KCB and NBK Bancassurance Intermediary Limited will jointly distribute the newly launched KCB Flme Simba Health and Uzima Tele Insurance Plans.
Kenya
KCB, NBK and Sanlam Partner to Sell Life Insurance . The Star (Kenya), April 19, 2023.
Kenya Commercial Bank and its sister firm National Bank of Kenya have signed a distribution deal with Sanlam Life Insurance to deepen the uptake of life insurance products in the country. The partners have also rolled out an endowment policy dubbed Nawiri, a savings and investment product that offer a guaranteed return after a specific period of time.
Singapore
MSIG Insurance Grows Bancassurance Business with an Exclusive 15-year Deal with HSBC in Singapore. Press release, April 25, 2023.
Under this exclusive arrangement, MSIG will distribute its commercial and personal suite of insurance solutions to HSBC’s customers in Singapore. This partnership has brought together two strong financial services brands, with a common aspiration to extend general insurance offerings and accessibility through product innovation and digital collaboration.
Sri Lanka
Sri Lanka Insurance Forms Strategic Bancassurance Partnership with Seylan Bank . Daily FT, May 17, 2023.
Sri Lanka Insurance (SLIC) entered a Bancassurance partnership with Seylan Bank PLC with the objective of promoting insurance products through mutually agreed Seylan Bank branches.
Thailand
SCB and FWD Extend Bancassurance Partnership in Thailand. The Nation, April 28, 2023.
The new agreement extends the long-term exclusive bancassurance partnership for a further two years. The partnership with SCB is the largest contributor to FWD Thailand’s business. SCB has over 660 branches.
Vietnam
Chubb Life Vietnam and Hong Leong Bank Bring More Choice to Customers. Vietnam Investment Review, June 12, 2023.
Chubb Life Insurance Vietnam Co. Ltd. entered a strategic partnership with Hong Leong Bank Vietnam Ltd. to offer its life insurance solutions through the bank's distribution channel. Chubb Life's two flagship products – the Joint Life Insurance Product - Flexible Financial Plan and the Future Financial Plan – will be available through the Hong Kong Leong Bank.