Allianz & HSBC extend bancassurance partnership by 15 years

Allianz Asia Pacific (Allianz) and The Hongkong and Shanghai Banking Company Limited (HSBC) have extended their exceptional bancassurance distribution agreement by 15 a long time.

new-allianz-logoSince 2012, the strategic partnership involving Allianz and HSBC in Asia Pacific has shaped a strong and resilient bancassurance organization across the region.

The tested keep track of document of the partnership in offering expansion and deeply rooted relationships at both of those regional and area stages serves as the foundations of the renewed partnership, now prolonged into 2036.

At the exact time, HSBC will keep on to distribute Allianz insurance policy merchandise in the areas of defense, training, retirement, prosperity, and legacy desires in the location.

“At Allianz, we are honoured to prolong and additional reinforce our partnership with HSBC. In the previous decade, we have grown a effective global bancassurance partnership that has reached exponential advancement in volume and worth,” stated Anusha Thavarajah, Regional CEO, Allianz Asia Pacific.

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“Extending the partnership for an more 15 a long time re-affirms the results of our partnership and commitment of HSBC and Allianz, world-wide leaders in Banking and Insurance policies respectively to deliver sustainable growth in Asia. We think that this partnership will profit customers with familiarity, balance, and continuity, concentrating on wealth management, protection, and overall health.

“Together we will continue to devote and innovate in technological know-how and product or service to provide the greatest in support and alternatives by way of just one of the regions’ most impressive banking platforms.”

Sergio Balbinot, Board Member of Allianz SE, included: “As the insurance landscape proceeds to evolve, Allianz and HSBC have pledged to spend substantially into a new bancassurance product which stays a significant distribution channel of insurance plan solutions to HSBC buyers in Asia Pacific, in which wide distribution of remedies is vital to support close the security hole, and protect the overall health, prosperity, and belongings of the region’s growing center-course.

“The renewed distribution settlement demonstrates Allianz and HSBC’s joint commitment to offer very best-in-course insurance merchandise and to provide a digitally-enabled insurance expertise that produces price and ease for shoppers throughout the major advancement markets in Asia.”

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