Allfinanz

Allfinanz

1. An Irish company that underwrites life insurance policies for its clients.

2. See: Bancassurance.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Starting life as (specialist) trading banks, the now allfinanz institutions have swallowed up finance companies and savings banks, and their reach now extends to investment banking, insurance, wealth management and stock broking.
(24) The debt erected on customer deposits is a natural consequence of the transformation of Australia's core banks from trading banks to allfinanz institutions.
Jim Maher has been appointed executive chairman and Mark Schwarzmann has been appointed chief executive officer of AllFinanz in Richmond, Virginia.
Allfinanz has launched a new software system for the distribution of insurance, investment and other financial services products across multiple channels such as agents and brokers, bank branches, call centres and the Internet.
According to Allfinanz the automated underwriting and approval process will allow agents, brokers and licensed bank or call centre representatives with an Internet connection to close a fully underwritten transaction in less than 25 minutes.
For example, it may turn out that banks in liberal market systems, particularly in the United States with the demise of Glass-Steagall, will come to resemble the German model of Allfinanz. But it could be the case at the same time that German finance is more generally becoming less bank centered and more equity centered.
Mark Schwarzmann has been named chief operating officer for Allfinanz Inc., in New York.
John Finan has been named chairman of Allfinanz, Inc., in New York.