The global bancassurance
market is driven by rapid growth in the private banking sector and significant changes in regulatory frameworks across emerging economies.
Aditya Birla Health Insurance (ABHI), a stand-alone health insurer, has said that it has entered into a bancassurance
partnership with Axis Bank (532215.BO) (AXBK.NS), an India-based private sector bank, Business Line has reported online.
Release date- 29072019 - DBRS Comments on Bancassurance
Strategic Alliance between BNS and BNP Paribas Cardif.
De La Cruz said one of the contributors to the insurer's performance last year was its bancassurance
channel with Union Bank of the Philippines, which she said is now delivering results on the first full year of its operation.
With its extensive network and an emerging suite of bancassurance
products, MCB Bancassurance
provides following investment and life insurance solutions to MCB customers, making their 'Har Pal Mehfooz'.
model has played a pivotal role in reaching its customers in almost all the remote areas, creating awareness about the importance of insurance and the aid it provides to save and protect a policy holder from an unforeseen event.
On the bancassurance
, he added: 'I have no doubt that it will go a long way to facilitate the sale of the non-life insurance products to individuals and households.
The partnership which has since commenced on 4th June 2018, enjoys the approval of the related industry regulators, the National Insurance Commission (NAICOM) and the Central Bank of Nigeria (CBN) for the sale of insurance products in banks through the Bancassurance
With a net worth of P 7,149,854,289, the company remains the top fastest-growing bancassurance
firm in the list.
Citing the emergence of bancassurance
, Insurance Commissioner Dennis B.
Life insurers are pushing for the lifting of a rule that limits bancassurance
ventures within the ambit of a parent financial institution.
The deal underpins the Group's efforts in expanding revenue streams for its non-funded income portfolio in line with its Imara corporate strategy and merges operations with its Bancassurance