Market has seen deceleration, but technology and growing middle class provide opportunities for insurers to refine strategies and capitalise on rising protection gap.
The regulator is aiming to study and propose improvements for the channel, as one of ' reaching the last mile' and making insurance products available to 'every nook and corner' of the country.
Rising interest rates, competition from ‘Super-apps’, and consumer preference for better service are challenging the growth of bancassurance in Southeast Asia.
Ng has been promoted to Division Head of Consumer and Bancassurance and Kwan promoted to Division Head of Property & Casualty (P&C) and Head of Independent Distribution Partners (IDP).
