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bancassurance |
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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] How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The service will distribute and administer both conventional and Takaful insurance products and will be available for use by insurance providers, bancassurers, brokers and affinity groups. Other 'winners' will also be the bancassurers who have already broadened risk based approaches developed for Basel II to their insurance operations. With the opportunities for growth in its domestic market more or less exhausted, KBC Bank, one of BeIgium's and the CEE region's largest bancassurers and asset managers, has successfully looked to other markets, particularly the CEE region, for revenue generation opportunities. |
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