Allianz partners with Standard Chartered in Asia

Allianz has entered into a 15-year bancassurance agreement with Standard Chartered for the distribution of Allianz’s general insurance products to Standard Chartered’s retail banking clients in five key markets across Asia.

The new partnership arrangements in Hong Kong, Singapore, Malaysia, Indonesia and China will be implemented during the course of 2017.

George Sartorel, regional chief executive officer (CEO) of Asia Pacific at Allianz, said: "As the world’s largest general insurer, we are excited at the opportunity to bring our best-in-class insurance solutions and leading digital technology to serve the needs of Standard Chartered’s customers in Asia.

"This partnership also builds on our shared commitment towards the growth and development of the Asia region, which is in line with Allianz’s ambitions to expand our presence regionally, and to drive greater value for our customers and employees."

Karen Fawcett, CEO of retail banking at Standard Chartered Bank, added: “Bancassurance is a key focus for Standard Chartered, as we continue to innovate and expand our offerings that meet the evolving needs of our clients in branches and online.

“Through this partnership, we combine the expertise of one of the world’s leading insurance companies with our extensive distribution network, including our leading digital banking channels, to offer our retail banking clients convenient access to quality solutions for their protection needs."

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