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Standard Chartered and Allianz Announces 15 year Bancassurance Agreement
Standard Chartered and Allianz have announced a 15 year bancassurance agreement for distribution of Allianz’s general insurance products to their Retail Banking clients in Hong Kong, Singapore, Malaysia, Indonesia and China.
This partnership will combine Standard Chartered’s strong Asian banking connections with Allianz’s insurance expertise to provide for the protection needs of the Bank’s personal, priority and business banking customers in the region.
News Source: Standard Chartered Press Release
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About Standard Chartered
Standard Chartered Bank (LSE:STAN) was formed in 1969 through the merger of two separate banks, the Standard Bank of British South Africa and the Chartered Bank of India, Australia and China. These banks had capitalised on the expansion of trade between Europe, Asia and Africa. Operating in around 67 markets around the world, Standard Chartered Bank provides a wide-range of products and services for personal and business customers and generates more than 90 percent of income and profits from Asia, Africa, and Middle East.
- Origin : London, UK
- Assets : $ 640.48 billion
- Revenue : $ 15.29 billion
- Employees : 84,000
Official Website: www.sc.com
News & Media: Press Release
Updated on 8th August 2016
Managing $20 million to $3 billion. Investing $3 million to $300 million.
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