He also added that the key success factors for bankassurance
were their compensation methods and sales processes.
Spanish lender Banco Santander (MCE:SAN) said it would sell 51% in two new insurance companies to Dutch insurer Aegon NV (AMS:AGN) as part of a strategic partnership to strengthen their bankassurance
operations in Spain.
Global Banking News-27 January 2010-EIB introduces new bankassurance
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Some of the largest Life Insurance companies worldwide have implemented xpertBridge to support various channels including Independent Agents, Broker Dealers, Bankassurance
, Tele-underwriting and Direct.
products will contribute to future fee growth.
business performance should benefit from the joint venture with the Bital Bank, one of the largest Mexican banks in terms of number of branches.
Their response will also determine whether bankassurance
is the model that can help overcome the anemic profitability of the German banks' domestic retail activities, which continues to suffer from intense competition, excessive capacity and too high a cost base," Mr Zlotnik said.
Martin B0ge Mikkelsen, Senior Vice President from Tryg-Baltica, is project responsible for the development of Nordea bankassurance
concept in Finland based on Tryg-Baltica's very positive experiences in the competitive Danish environment.
Herman Agneessens, member of the Executive Committee of KBC Bankassurance
agreements has yet to yield any real
In addition, Standard & Poor's believes that, in the Nordic region, Skandia is constrained by its limited access to bankassurance