bancassurance

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Related to bancassurers: bankassurer

bancassurance

(ˈbæŋkəˌʃʊərəns)
n
(Banking & Finance) the selling of insurance products by a bank to its customers
[from French banc bank + assurance assurance]
Translations
References in periodicals archive ?
A court decision to ban designation clauses, which could effectively grant a single pension benefit insurer a monopoly over group protection business in certain industries, will help open the market to traditional insurance companies, mutual insurers and bancassurers.
Bancassurers need to understand that although there is a growth, the bancassurance business is still facing many challenges due to poor manpower management, lack of call centres, no personal contact with customers, inadequate incentives to agents and many more.
Prior to joining Conning, Holmes served as a senior banker within the Financial Institutions Group at Credit Agricole Corporate and Investment Bank, responsible for managing and growing a portfolio of UK life and non-life insurance companies, banks, bancassurers, and select Dutch banks.
In Section 5 we identify the domestic assurbanks and bancassurers.
He pointed out that it was the banking side of bancassurers that caused trouble, the providing insurance, while carrying some inherent risk, is not a systemically risky endeavor.
We believe we have one of the world's largest bancassurers, we have certainly touched one in five of our clients with insurance products and being world class is a journey that never ends.
direct Bancassurers Agents Brokers sales) Americas United States n.
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.
The BAI/BCG study estimates that leading European bancassurers typically generate a return on sales and on capital of 20 percent to 30 percent and derive one-quarter to one-third of their retail profits from insurance and investment sales (p.
Many observers believe that Europe's bancassurers operate in less mature markets that make it easier for banks to sell life policies.
Whereas bancassurers sold simple insurance products to mostly middle-market branch customers, the universal bank offers a full spectrum of complex financial products to both middle-market and high-net-worth customers through a variety of distribution channels.