Bancassurance

It also inked a deal with China Ping An Insurance and FWD Hong Kong.

They have the longest-running bancassurance partnership in Singapore and Asia.

The collaboration will leverage IPPB’s network of 650 banking outlets.

The bank will distribute PJICO’s non-life insurance products.

The market is seen to expand by 6.74% this year.

The bank will offer SBI General Insurance’s entire non-life offerings.

The plan comes with a premium starting from RM6,000.

Market dynamics are seen to impact the stakeholders' behaviours and pricing decisions in the sector.

MSIG will distribute commercial and personal insurance solutions to HSBC’s SG customers.

But uncertainty in border restrictions with China will subdue wealth management, bancassurance.

It will cover six markets, with HSBC and Allianz offering life and non-life products.

They launched seven products that provide comprehensive life, critical illness, savings, and retirement protection.