Banks and Insurance v NH quickly?
Bancassurance is a rising trend in recent years, expected to bring many benefits to both banks and insurance. However, witnessed some cooperation, disintegration time, whether to continue this model is effective and is a trend or "end soon" production of dinner?
Is bancassurance the trend?
Bancassurance may no longer be a strange concept of world finance, banking, insurance, people say privately. This is a simulation of the combination of the commercial bank and the insurance company is to use your potential.
In recent years, the life insurance growth in Vietnam, especially when these warnings about the disease, as the improvement of people's living standards, life insurance also care. China's population of about 7% in said life insurance work, including the use of ALG through the bank channel, only accounts for about 6% of the income of life insurance. Therefore, the Bancassurance model of multiple customers is still very large.
The trend of commercial banks and the retail sector concentrated resources, increase the density from the service sector, the choice of cooperation insurance company to increase the source of income is considered to be a suitable choice of. But in fact, if there is a Bancassurance model has been a business trend or just one night soon blossom end?"
The relationship between bank and insurance
With the love of the bancassurance name can easily see, banks and insurance companies also love short or medium than in the "common home". In fact, many banks are in the deployment model of bancassurance in Vietnam, only a handful of cooperation by merging to form a joint insurance company, bank, and insurance company.
Joint venture banks and insurance companies can be said to be this: Life Insurance Company vietcombank calif (merger between viectcombank, France, and Paribas card if seabank (ages), the life insurance company life with MB MB life between assurance Muan bank and the insurance company), BIDV MetLife (BIDV Shou merger between the bank and the company MetLife a).
The model shows that it is irrelevant to the insurance industry market share. The company before the merger, all in less than 1% life insurance income accounted for new mining in 2017. Even recently, the market witnessed between surprise break up Citibank and the company's cooperation Aviva nearly 6 years later, the "roof" Citibank Aviva.
In the case of a merger between the establishment of a life insurance company of banks and insurance companies in foreign countries, most banks currently in the form of "common donated rice cooking and long-term cooperation in the insurance company. I can tell you: sacombank chartered - a long cooperation Vietnam living standards Prudential Techcombank cooperation, Manulife cooperation, Eximbank cooperation generally,...
Bancassurance reports the data in the model, many people will think of "love bancassurance" bring in "Happy Paradise" and the profit of digital image. For example, some sources of income bancassurance elves to giggle, to the Bank of Xigong - Hanoi in 2017.
However, different, in this series of cooperation also quietly end the way such as: Eximbank Prudential and Generali bonds broke up in 2016, sacombank Chubb signed an exclusive cooperation and dedication to break up life - a Techcombank at the end of 2017. In order to meet the Generali handshake Manulife in 2017. Therefore, cooperation between insurance companies and banks for a period of time and then quietly separated, looking for new partners.
From the model and the bancassurance lost what?
Is bancassurance the trend?
Bancassurance may no longer be a strange concept of world finance, banking, insurance, people say privately. This is a simulation of the combination of the commercial bank and the insurance company is to use your potential.
In recent years, the life insurance growth in Vietnam, especially when these warnings about the disease, as the improvement of people's living standards, life insurance also care. China's population of about 7% in said life insurance work, including the use of ALG through the bank channel, only accounts for about 6% of the income of life insurance. Therefore, the Bancassurance model of multiple customers is still very large.
The trend of commercial banks and the retail sector concentrated resources, increase the density from the service sector, the choice of cooperation insurance company to increase the source of income is considered to be a suitable choice of. But in fact, if there is a Bancassurance model has been a business trend or just one night soon blossom end?"
The relationship between bank and insurance
With the love of the bancassurance name can easily see, banks and insurance companies also love short or medium than in the "common home". In fact, many banks are in the deployment model of bancassurance in Vietnam, only a handful of cooperation by merging to form a joint insurance company, bank, and insurance company.
Joint venture banks and insurance companies can be said to be this: Life Insurance Company vietcombank calif (merger between viectcombank, France, and Paribas card if seabank (ages), the life insurance company life with MB MB life between assurance Muan bank and the insurance company), BIDV MetLife (BIDV Shou merger between the bank and the company MetLife a).
The model shows that it is irrelevant to the insurance industry market share. The company before the merger, all in less than 1% life insurance income accounted for new mining in 2017. Even recently, the market witnessed between surprise break up Citibank and the company's cooperation Aviva nearly 6 years later, the "roof" Citibank Aviva.
In the case of a merger between the establishment of a life insurance company of banks and insurance companies in foreign countries, most banks currently in the form of "common donated rice cooking and long-term cooperation in the insurance company. I can tell you: sacombank chartered - a long cooperation Vietnam living standards Prudential Techcombank cooperation, Manulife cooperation, Eximbank cooperation generally,...
Bancassurance reports the data in the model, many people will think of "love bancassurance" bring in "Happy Paradise" and the profit of digital image. For example, some sources of income bancassurance elves to giggle, to the Bank of Xigong - Hanoi in 2017.
However, different, in this series of cooperation also quietly end the way such as: Eximbank Prudential and Generali bonds broke up in 2016, sacombank Chubb signed an exclusive cooperation and dedication to break up life - a Techcombank at the end of 2017. In order to meet the Generali handshake Manulife in 2017. Therefore, cooperation between insurance companies and banks for a period of time and then quietly separated, looking for new partners.
From the model and the bancassurance lost what?
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