By InsuranceAsia News Staff, InsuranceAsia News | October 15, 2018<\/p>\n
In the wake of a number of profitable bancassurance distribution deals recently made in South-East Asia, Singapore\u2019s United Overseas Bank has decided to review its insurance business arrangements, along with its present partnership deal with Prudential.<\/p>\n
<\/p>\n
Sources familiar with the matter revealed that UOB is seeking new options from advisers about its existing life insurance tie-up with Prudential, as well as ways to get more value out of the operation.<\/p>\n
Although it may still renew its agreement with the London-headquartered insurer, which began in 2010, it is also considering finding another partner, the sources said. The Singapore lender is also reviewing options for its non-life business, which is run by publicly-listed United Overseas Insurance.<\/p>\n
It is understood the discussions are still at an early stage; UOB has banking operations across Asia including China, the Philippines and Vietnam.<\/p>\n
Other recent Asia bancassurance deals include Allianz\u2019s 15 year agreement with Standard Chartered.<\/p>\n","protected":false},"excerpt":{"rendered":"
By InsuranceAsia News Staff, InsuranceAsia News | October 15, 2018 In the wake of a number of profitable bancassurance distribution deals recently made in South-East Asia, Singapore\u2019s United Overseas Bank has decided to review its insurance business arrangements, along with its present partnership deal with Prudential.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"off","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,7],"tags":[],"class_list":["post-147","post","type-post","status-publish","format-standard","hentry","category-news","category-singapore"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts\/147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/comments?post=147"}],"version-history":[{"count":1,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts\/147\/revisions"}],"predecessor-version":[{"id":148,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts\/147\/revisions\/148"}],"wp:attachment":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/media?parent=147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/categories?post=147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/tags?post=147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}