Valona Intelligence’s Post

'Bancassurance, at its core, is about banks and insurance companies joining forces in a strategic partnership. The bank becomes a conduit, offering its clientele the insurance products of a partnered insurance company.' See how you can benefit in our collaboration with banks like KCB; in our detailed take here: 👉🏿https://lnkd.in/dxFbW_49. #TutambuleFfena

For those who may wonder why we have a global insurance business within HSBC under our HSBC Wealth and Personal Banking family, here’s an explainer provided by Edward Moncreiffe, our CEO for Global Insurance. Even if you already know HSBC Life well, I’m sure there will be something new for you. #TotalWealthManagement #LifeInsurance #HealthAndWellness #Protection #LegacyPlanning

❓ Is insurance the new banking? ✔ It sure seems so. Here is our latest insight on solvent exit planning for the insurance industry. https://lnkd.in/e2Ct-UnM Kareline Daguer Steve Goodlud Victoria Scammell Maurica Cassells-Nunn Adam Knight Emily Grewcock Guillaume L. Henry Basing Cynthia Angus David Strachan #solventexit #insurance #regulation #exitplanning

As insurance premiums rise and coverage becomes harder to secure, banks are facing increased pressure to maintain up-to-date insurance tracking processes to protect their collateral. In this Q&A, Will Del Biaggio, president of QuieTrack Insurance Services, shares insights on how banks are adapting to these challenges. From insights into managing the risks of uninsured or underinsured borrowers to leveraging advanced tracking technologies, this discussion provides practical strategies for navigating growing regulatory demands. Read the full article to learn how banks can stay ahead of heightened insurance tracking requirements and mitigate their exposure to uninsured losses. https://lnkd.in/gUhijXgx #Insurance #RiskManagement #Lending #CreditRisk

’The insurance industry is ripe for innovation and WTW is at the forefront of this transformation,’ says appointee https://lnkd.in/eJpB9bw6 #insurance #insuranceindustry #insurancenews #ukgi #insurancebroker #brokers #broker #insurers #insurer #mgas #mga #b2b

Financial Conduct Authority Calls on Insurers to Ensure They Demonstrate Fair Value and Good Customer Outcomes Matthew Brewis, Director of Insurance at the FCA, said: ‘Insurers need to make sure their customers are getting fair value. Progress is being made, but we are still seeing too many examples of insurers and brokers lacking the right information, governance, or oversight to ensure their customers get consistently good outcomes. ‘All insurance firms should take note of our findings and make improvements where appropriate. ‘We’ll continue to take action where we see poor value so consumers can have confidence when buying insurance products.’ https://lnkd.in/eFtbKnS5 Adrian Hall Miten Patel Alice Jones Piers Walton Ian Alderton #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Today's briefing from Howden's Kelly Ogley explores how the debate around the branch model for banking might apply to insurance. 'The reality is that it’s always going to be horses for courses,' Ogley says. #Brokers #Insurance #Personallines #Riskmanagement #ITBriefing

Great perspective from Darren Snoxell below! In his interview with The ITC DIA Europe Community, Darren highlights how a well thought-through payment strategy can be a true asset in the insurance landscape. "A payment strategy can help insurers bridge the gap between consumer expectations and the reality of dealing with legacy systems. Insurers need to invest in advanced payment technologies, streamline processes, and enhance cybersecurity measures to stay competitive. Proactive engagement with insurtechs and strategic partnerships will be key to driving innovation and addressing industry challenges." On the spot 🎯

HSBC has done it again! The bank has set a new Guinness World Records by selling the most valuable life insurance policy in history, valued at a whopping $250m in Hong Kong. This is a testament to HSBC's strong foothold in the high-value insurance market, having issued ten life insurance policies valued at $50m or higher in the past year alone. The previous record of $201m, certified in California, United States in 2014, has now been surpassed. Life insurance provides crucial financial protection for individuals and their families. It replaces lost income, covers debts, and meets expenses in the event of the insured's death. It also facilitates estate planning, covers funeral costs, and deals with outstanding debts. Moreover, it can supplement retirement income through cash value accumulation. In essence, life insurance ensures financial stability and peace of mind for policyholders and their loved ones. #lifeinsurance #lifecover #financialservices #financialsolutions

HSBC Insurance Hong Kong has broken the Guinness World Records record for the highest value life policy by issuing a US$250 million life policy. Issued and fully underwritten by HSBC Insurance, the policy was issued earlier this year and sold to an ultra-high-net-worth client through insurance intermediary Charles Monat Group. The policy is an HSBC Global Life Plan, a whole life protection life insurance plan with wealth preservation and inheritance functions. In addition to this policy, HSBC Insurance has issued 10 other policies with a sum assured value of US$50 million or above to individual customers in the past 12 months. These large policies demonstrate the growing demand from the ultra-high net worth segment for life insurance solutions as a wealth transfer and estate planning tool. Mr. Edward Man, Chief Executive Officer of HSBC Insurance Hong Kong and Macau, said: "Asia is the fastest growing region in the world in terms of ultra-high net worth population, and we have seen a significant increase in the demand for insurance solutions for business succession, estate management and wealth transfer in the region. Our issuance of these large life policies demonstrates that Hong Kong has re-established itself as the market of choice for wealth management and as an international insurance center." Edward Man said that looking ahead, it would continue to invest in talent training as well as product and service development. #letsconnect #finance #financial #news