Australia & New Zealand
NobleOak Life Partners with Heritage Bank. Coverager, August 19, 2022.
Heritage Bank members now have access to life insurance through Australian life insurer NobleOak. Heritage Bank customers can access a two-month free launch offer if they take out coverage before September 30, 2022.
Egypt
CIB and AXA Egypt Sign a Five-Year Bancassurance Agreement to Provide General Insurance Plans Through the Bank’s Branches. Cibeg, July 25, 2022.
The bancassurance agreement with AXA Egypt will allow the company to offer general insurance products in 139 CIB branches during its first phase, expanding into all CIB branches by the end of 2023. Through this agreement, AXA Egypt will offer CIB customers a range of its insurance products that include general insurance plans, such as car, property, and accident insurance.
Hong Kong
Allianz Renews Strategic Bancassurance Partnership with HSBC in Asia. Press Release, July 1, 2022.
Allianz Asia Pacific (Allianz) and The Hong Kong and Shanghai Banking Co. Ltd. (HSBC) announced a 15-year extension of the exclusive bancassurance distribution agreement, covering key markets in Asia, including Malaysia.
India
City Union Bank, Aditya Birla Health Ink Bancassurance Pact. AffairsCloud, September 3, 2022.
City Union Bank and standalone health insurer Aditya Birla Health Insurance Co. Ltd. (ABHICL) have announced a bancassurance partnership to distribute health insurance products.
Pakistan
Sun Life Grepa and RCBC Renew Agreement. The Manila Times, July 18, 2022.
The bancassurance partnership between Sun Life Grepa Financial Inc. and Rizal Commercial Banking Corp. (RCBC), which began in 2011, has been renewed by both parties in a recent commemorative signing event.
Sri Lanka
AIA Insurance Building Pathways for Digitally Enabled Bancassurance Platform with ComBank. Island.lk, September 14, 2022.
AIA Sri Lanka entered into a bancassurance partnership with the Commercial Bank of Ceylon. This partnership combines AIA’s compelling propositions, digital expertise, and proven bancassurance expertise. The Commercial Bank has a network of more than 268 branches across Sri Lanka.
Sri Lanka
Pan Asia Bank Partners with Union Assurance to Extend Protection and Healthcare to Valued Customers. Daily FT, August 5, 2022.
Pan Asia Bank recently signed an agreement with Union Assurance PLC to offer its valued customer base a wide range of life, health, and investment insurance solutions. Union Assurance will work closely with the Pan Asia Bank branches to provide comprehensive solutions.
United States
Walmart and Health Group Collaborate to Deliver Access to High-Quality, Affordable Healthcare. Business Wire, September 7, 2022.
The collaboration will start in 2023 with 15 Walmart Health locations in Florida and Georgia and expand into new geographies over time, ultimately serving hundreds of thousands of seniors and Medicare beneficiaries in value-based arrangements through multiple Medicare Advantage plans.