Banks are set to move away from serving only clients of their affiliated insurers, as the Bangko Sentral ng Pilipinas (BSP) is rolling out amended bancassurance guidelines that will allow third-party insurers to sell their products to banks’ customers. “A draft circular amending the...
Surendra Menon turning over the role of Chief Executive Officer to Karen Custodia during BPI AIA’s recent Sales Kick Off event. Top bancassurance firm, BPI AIA, today announced the appointment of Karen Custodia as the new Chief Executive Officer of BPI AIA, which took effect on January 9, 2023....
Life insurer Pru Life UK has teamed up with CIMB Bank Philippines to make digital financial products and service more accessible to Filipinos through technology. Subject to regulatory approval, Pru Life UK said the insurer would be the first bancassurance partner for the local unit of CIMB, one of...