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Allianz to sell general insurance products through StanChart

Tie-up comes as demand for non-life insurance in Asia is projected to grow 10.8% per annum over next four years

Published Thu, Jan 19, 2017 · 09:50 PM

Singapore

TO position its Asia business as "the growth engine for Allianz globally", Europe's largest insurer by market capitalisation has partnered Standard Chartered Bank in a 15-year bancassurance deal to distribute its general insurance products through the lender in five markets in Asia.

This is in line with the German insurer's ambitious target to double the size of its business in Asia by 2020.

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