Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

May 2017

Cover Story


Bancassurance and alternative distributions

The search for a partner

The race to find ideal distribution partners, be it banks, FAs, brokers or technology firms, is intensifying. With Asia being “very much under-insured”, narrowing the protection gap is not just an opportunity but a responsibility for the insurance industry. Bancassurance is growing and so are new channels online. The future is exciting and even fascinating for those brave and ambitious enough to grasp the new ideas flowing through from those inside and outside the insurance business. In this Cover Story, we speak with insurers about their distribution strategies. 
 

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Southeast Asia: Getting on the bancassurance bandwagon

Since the massive bancassurance deals in the past two years, many eyes are looking out for the next big partnership. We take a look at the state of bancassurance in Asia over the past year.
 

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Bancassurance on a high in South Asia

Bancassurance has become a major distribution channel in a number of South Asian markets where there is still a large uninsured population. As consumers’ needs and expectations change, this channel has come to the rescue of insurers who can now reach out to a larger base across the country where they do not have a physical presence. We speak to some key players in a few of these markets to find out the current scenario and the future of this distribution channel in their respective countries.
 

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Future of insurance lies outside of it

What was once considered a surprising alliance when it comes to insurance companies and tech firms such as Tencent, Baidu and Google has become common place as a new distribution ecosystem is taking shape via third-party digital platforms. And the race is on to secure the most eligible partners. 
 


Insurance agents: A diminishing or expanding role?

The “uberisation” in the insurance sector by FinTech startups and new tech-based insurance companies is challenging the traditional role of insurance agents. What does the future hold for insurance agents? Messrs Andre Hesselink and Marnix Zwart of GoBear explore. 
 

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