Login Join
information for global expats

Back To Top



News Archive

Home » News » Standard Chartered Signs Insurance Pact To Tap Asia

Standard Chartered Signs Insurance Pact To Tap Asia

By ExpatBriefing.com Editorial
19 March, 2014

 

Bank Standard Chartered and insurance company Prudential have agreed to expand their bancassurance partnership, which will expand their offering of bank-provided life assurance and other insurance products to eleven Asian markets for a further fifteen years.

Under the terms of the new agreement, a wide range of Prudential's life insurance products will be exclusively distributed through Standard Chartered branches in nine markets – Hong Kong, Singapore, Indonesia, Thailand, Malaysia, the Philippines, Vietnam, India and Taiwan – subject to applicable regulations in each country. In China and South Korea, Standard Chartered will distribute Prudential's life insurance products on a preferred basis.

As part of the intent to deepen the strategic bancassurance partnership further, Prudential and Standard Chartered have also agreed to explore additional opportunities to collaborate, in due course, elsewhere in Asia and in Africa, subject to existing exclusivity arrangements and regulatory restrictions.

Commenting on the deal, Prudential's chief executive, Tidjane Thiam, said: "At the heart of our future prospects is Asia. We are pursuing the increasing demand for protection products from the rapidly growing middle class in our chosen markets across the region."

Tags: Investment | India | Banking | Insurance | China | Philippines | Singapore | Taiwan | Thailand | Hong Kong | Indonesia | Malaysia | Regulation | Vietnam | Services | Expats | Africa | Middle East

 

 

 

Comments


Leave A Comment

Name:
Email:
Comment:
Validation:

BSI Media BSI Research Network Global Incorporation Guide [GIG] TreatyPro Tax News Lowtax
 
 
 
 

Information

About | Useful Links | Global Media Partners | Media | Advertising And Sales | Banners And Widgets | Glossary | RSS | Privacy & Cookies | Terms And Conditions | Editorial Policy | Refer To A Friend | Newsletters | Contact | Site Map

Important Notice: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. © Wolters Kluwer TAA Ltd 2014. All rights reserved.

The Expat Briefing brand is owned and operated by Wolters Kluwer TAA Limited, part of CCH, a Wolters Kluwer business.