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bancassurance

   Also found in: Financial, Wikipedia 0.02 sec.
bancassurance [ˈbæŋkəˌʃʊərəns]
n
(Economics, Accounting & Finance / Banking & Finance) the selling of insurance products by a bank to its customers
[from French banc bank + assurance assurance]


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Bancassurance has come to play a central role in the strategy of the Moroccan banks, which seek to establish themselves as one-stop shops for retail financial services, offering everything from investment banking to mortgage lending, said Wednesday the London-based Oxford Business Group (OBG).
I am confident that with the combined strengths of both organizations, we will be able to develop and distribute more needs based, innovative and best in class bancassurance solutions in a cost effective way or our customers he added.
Through the bancassurance partnership, Philamlife will gain access to BPI's customer base across 800 branches and 1,500
 
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