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Bancassurance Approaches Employed In Europe, The U.S., And Russia: Similarities And Differences Jul 07
Standard & Poors, July 2007
Abstract
Bancassurance is a catch-all phrase to describe the many combinations of banking and insurance activities adopted by companies to promote business. Yet the concept can have different meanings, plus the pitfalls and successes presented by a given banking-insurance combination can vary significantly depending on the bancassurance strategy employed. The success of a given strategy will often rest on managerial ability to understand the value generated from distribution versus manufacturing in each market, and on appropriate decisions regarding group resources, skills, and risk-management frameworks as to whether to accept either balance-sheet risk or revenue risk, or alternatively both. Standard & Poor's Ratings Services defines bancassurance as a distribution strategy that involves selling insurance products via a banking sales network. This can...
Companies mentioned in this report are: Wells Fargo & Co.,Barclays Bank PLC,BB&T Corp.,Lloyds TSB Bank PLC,Allianz SE
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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