DBS enters into 15-year tie-up with insurer Chubb

DBS Bank and Chubb have entered into a 15-year regional distribution partnership agreement covering five markets, namely Singapore, Hong Kong, Taiwan, Indonesia and China.

DBS will distribute, on an exclusive or preferred basis, Chubb's coverage for home, contents and selected personal accident and supplemental health (A&H) insurance products as well as general insurance products for SMEs.

This partnership will combine DBS' superior Asian banking franchise with the world-class general insurance capability of Chubb.

The agreement will take effect in early 2018 and roll-out is expected progressively through 2018.