bancassurance

British  

/ ˈbæŋkəˌʃʊərəns /

noun

1. the selling of insurance products by a bank to its customers

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Etymology

Origin of bancassurance

from French banc bank + assurance assurance

Example Sentences

Wealth management, bancassurance, and debt capital markets are common drivers for fees, especially as market performance, loan growth and economic sentiment improve in 2H.

From The Wall Street Journal

The Chinese insurer’s nine-month new business value surged 46% on year, beating expectations thanks to its bancassurance partnerships and agency channels.

From The Wall Street Journal

The group is also expanding its bancassurance partnerships beyond Ping An Bank, they note.

From The Wall Street Journal

“Low rates and risk-on market conditions should catalyze fixed deposit conversion to higher-yield wealth products and bancassurance,” he says.

From The Wall Street Journal

Under the bancassurance deal, Sun Life will exclusively provide life insurance services to Dah Sing Bank's 570,000 retail banking customers.

From Reuters