bancassurance

/ ˈbæŋkəˌʃʊərəns /

noun

1. the selling of insurance products by a bank to its customers

Word History and Origins

Origin of bancassurance¹

from French banc bank + assurance assurance

Example Sentences

Under the bancassurance deal, Sun Life will exclusively provide life insurance services to Dah Sing Bank's 570,000 retail banking customers.

From Reuters

Credit Agricole on Friday struck a long-term bancassurance partnership with Italy's Banco BPM , strengthening ties with the country's number three lender, in which it is already the top investor.

From Reuters

Unlike Anima, Axa won't alter its 'bancassurance' joint-venture with MPS, but simply buy portfolios of insurance contracts, allowing MPS to anticipate future revenues, the people said.

From Reuters

Net interest income fell 22% from the second quarter to 319 million euros as the bank offloaded more bad loans but net fee and commission income rose 1% to 102 million on the back of its asset management, investment banking, funds transfer, bancassurance and cards businesses.

From Reuters

“The focus Banco BPM puts on its ‘product companies’ and especially those in ‘bancassurance’ we believe may contribute to improve the value of the group in an M&A scenario”, Bestinver analyst Fabrizio Bernardi said.

From Reuters