Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun a
banking andinsurance structure in which insurance is sold through the bank or the bank'sdistribution channels
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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Fortis expects to realize €1 billion in gains from the sale of its 50% stake in Spanish bancassurance business Caifor.
Fortis Could See $1.5 Billion Hit Stefan Kloet 2008
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To expand the business he will focus on building stronger, more profitable distribution deals with banks, so-called bancassurance, and fire up the thousands of agents who sell AIA life insurance and savings products throughout the region by getting out and visiting country after country, addressing often wildly enthusiastic gatherings of salesmen some 8,000 strong at one go.
Telegraph.co.uk - Telegraph online, Daily Telegraph and Sunday Telegraph 2010
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• Under-utilisation of alternative channels, in particular bancassurance, which is an increasingly preferred channel for Indian customers; current bancassurance cross sell rates are a mere 0.5 per cent at public sector banks; 1 per cent to 2 per cent at private Indian banks; and 2 per cent to 4 per cent at foreign banks, considerably lower than international benchmarks;
Screen News 2009
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AIA last month announced that it struck a long-term strategic partnership deal with ICBC, China's largest bank, to cooperate in areas such as bancassurance and banking areas including asset management, deposits and credit cards, according to a statement.
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AIA last month announced that it struck a long-term strategic partnership deal with ICBC, China's largest bank, to cooperate in areas such as bancassurance and banking areas including asset management, deposits and credit cards, according to a statement.
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"bancassurance", or, in German, "Allfinanz" - so did their hedging and insurance operations.
Capitalistic Musings Samuel Vaknin
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He also saw bancassurance sales — in which an insurance company sells its products through banks — as another area for growth.
AIA Stresses China Growth Plan Alison Tudor 2010
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William Lisle, an executive at Aviva PLC, is expected to join AIA in December to help with the push deeper into bancassurance.
AIA Stresses China Growth Plan Alison Tudor 2010
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In the briefing, Mr. Thiam said the company will focus on organic growth, not acquisitions, and will look into signing more bancassurance deals to distribute its insurance products through banks.
Asian Growth Boosts Prudential Vladimir Guevarra 2011
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AIA makes just 8% of new sales through 120 bancassurance relationships in the region.
AIA Stresses China Growth Plan Alison Tudor 2010
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