StanChart and Allianz enter 15-year bancassurance deal in Asia 
Standard Chartered has entered a 15-year bancassurance agreement to sell German insurer Allianz's general insurance products to clients in key Asian markets, including Hong Kong, Singapore, Malaysia, Indonesia and mainland China. Asian demand for non-life products is predicted to grow at 10.8% p.a. to 2020 to reach a total market size of around $280bn. 

Standard Chartered will sell a broad range of Allianz insurance products across five markets in Asia. Photo: K. Y. Cheng