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Bancassurance tag returned 81 results

  • CBIRC proposes evaluation system for bancassurance operations

    The insurance regulatory authorities have drafted a regulation, to be called "Administrative Measures for Commercial Banks' Insurance Agency Business" to address issues in bancassurance such as entry to the channel and exit from it, practitioners, market behaviour, and evaluation mechanisms. The overall goal is to curb mis-selling and violations related to handling fees.

    China | 22 Mar 2019
  • India: LIC directed to submit IDBI Bank share reduction scheme

    Insurance regulator IRDAI is asking domestic life insurance giant LIC to submit a plan to reduce its shareholdings in IDBI Bank, in order for the insurer to comply with regulatory requirements.

    Asia | 14 Mar 2019
  • Bancassurance practices to be under regulatory scrutiny this year

    The regulatory authorities aim to clean up malpractices in the bancassurance channel this year, as part of their plan to tighten supervision over the insurance intermediary sector, according to the Insurance Intermediary Supervision Department of the CBIRC.

    China | 01 Mar 2019
  • Insurance intermediaries account for 87% of total premiums in 2018

    Insurance intermediaries generated premium income of CNY3.37trn ($504bn) in 2018, accounting for 87.4% of the country's total premium income, according to the Insurance Intermediary Supervision Department of the CBIRC.

    China | 01 Mar 2019
  • Microinsurance to safeguard Hongkongers against cyber

    With a rising number of the world's population being digitally active and spending more of their lives online, there has been a greater need for protection against the risks of cyber bullying and cyber crimes, such as identity theft, hacking, cyber stalking and harassment.

    AIRPlus | 27 Feb 2019
  • Life bancassurance sales dive 24% on crackdown on short-term wealth products

    Premium income generated through the life bancassurance channel fell by 24% last year to CNY803.2bn ($120bn), according to a report in Shanghai Securities News. The channel accounted for 30.6% of life insurers' total gross premiums in 2018, down by 10 percentage points from 2017.

    China | 22 Feb 2019
  • Indonesia: Bancassurance life sales to grow 15-30% this year

    Bancassurance will continue to be a pillar in insurance distribution this year, given the channel's broad market share, said the Indonesian Life Insurance Association (AAJI).

    Agents | 22 Jan 2019
  • Indonesia: Bancassurance to continue to drive life sales this year

    The Indonesian Life Insurance Association (AAJI) has assessed that bancassurance will continue to be a pillar in insurance distribution this year, given the channel's broad market share.

    Asia | 18 Jan 2019
  • What's new this week - 11 Jan

    Welcome back to a new year of What's New series! Starting the year on the right foot, life insurance industry executives have forecasted it would be a positive year ahead, with moderate growth in policy sales, rising interest rates and continued low unemployment- according to a recent survey by LOMA's Resource magazine.

    Agents | 11 Jan 2019
  • ASEAN: Prudential in US$850m bancassurance deal in the region

    One of Singapore's biggest banks, United Overseas Bank (UOB), yesterday announced that it had signed an agreement to renew its strategic regional bancassurance arrangement with the UK's Prudential Group for 15 years.

    Asia | 11 Jan 2019


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