With rise in digital bancassurance, OCBC aims to insure one in two customers

Singapore

OCBC is seeing a sharp rise in digital insurance transactions, with seniors above 50 - the fastest growing segment - making up more than half of this group, said a top OCBC executive.

Tan Siew Lee, head of wealth management Singapore, OCBC, told The Business Times in an interview that the bank is aiming for one in two of its customers to be insured in the near future, compared with one in five at the moment.