Bancassurance, which brings together banking and insurance by harnessing banks’ branch networks to distribute insurance products, has enjoyed a resurgence in recent years, following several mega-deals, specifically in Asia and Europe.
Chubb, one of the world’s largest property and casualty insurers, recently established large multi-year insurance distribution partnerships with banks, such as Citibanamex in Mexico and DBS in Singapore. Insurance Business spoke with Sean Ringsted (pictured), chief digital officer at Chubb, about this emerging trend and how it can benefit both insurers and banks.
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