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Bancassurance tag returned 275 results

  • Bancassurance commission fees fall by 30% on average

    The average commission level of the bancassurance channel in China has fallen by 30% since August 2023 when the National Financial Regulatory Administration (NFRA) ordered that commission fees paid to banks must be consistent with the rates reported to the regulator.

    China | 19 Jul 2024
  • Asia: Manulife announces new appointments

    Manulife has appointed Ms Bonnie Qiu as chief distribution officer, Asia, effective 19 August 2024 and Mr Rishi Srivastava as chief agency officer, Asia, also effective 19 August 2024. Both appointments are to Manulife's Asia distribution team.

    Asia | 19 Jul 2024
  • Vietnam: Banks permitted to sell investment-linked insurance products

    Commercial banks can continue to sell investment-linked insurance products through the bancassurance channel.

    Asia | 18 Jul 2024
  • Takaful Oman in bancatakaful arrangement with Muzn Islamic Banking

    Muzn Islamic Banking, the Islamic banking window of National Bank of Oman, has formed a partnership with Takaful Oman, to offer its customers a wide range of takaful products.

    Middle East | 15 Jul 2024
  • India: IndiaFirst Life announces new appointments

    IndiaFirst Life Insurance has appointed Mr Sumeet Sahni as president and chief distribution officer - agency and alliances and Mr Varun Gupta as president and chief distribution officer - bancassurance.

    Asia | 11 Jul 2024
  • Big life insurers more likely to gain from relaxed bancassurance rules, per Fitch

    The removal of a restriction that limits the number of Chinese insurers allowed to cooperate with a commercial bank branch to a maximum of three will benefit life insurers' new business sales in the bancassurance channel, particularly for those with more recognisable brands, says Fitch Ratings.

    China | 24 May 2024
  • Malaysia: Zurich's takaful arms and AEON Bank form partnership

    Zurich Malaysia through its family takaful business, Zurich Takaful Malaysia Berhad (ZTMB) and its general takaful business, Zurich General Takaful Malaysia Berhad (ZGTMB) has established a strategic partnership with AEON Bank, Malaysia's first Islamic digital bank.

    Asia | 21 May 2024
  • Insurance sector assesses impact of new rule removing cap on number of bancassurance partners

    The announcement by the National Financial Regulatory Administration (NFRA) earlier this month that it is removing limits on the number of insurance companies in bancassurance arrangements with banks is expected to have a considerable impact on the insurance market.

    China | 17 May 2024
  • Regulator updates bancassurance rules

    The National Financial Regulatory Administration (NFRA) has issued the "Notice on Matters Concerning the Insurance Agency Business of Commercial Banks", to promote the standardised and healthy development of bancassurance, better meet the diverse needs of consumers, and protect consumers' legitimate rights and interests.

    China | 10 May 2024
  • Malaysia: Zurich and GXBank forge 10-year partnership

    GX Bank Berhad (GXBank), Zurich General Insurance Malaysia and Zurich Life Insurance Malaysia have formed a 10-year exclusive bancassurance tripartite partnership to co-create micro protection products for underserved Malaysians.

    Asia | 08 May 2024

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