PressNewsFinancialsStakes and investments: Allianz Announces Bancassurance Agreement with Maybank in Indonesia; Launches Exclusive Products

Allianz Announces Bancassurance Agreement with Maybank in Indonesia; Launches Exclusive Products

Service & Contacts

Allianz Group Communications
Koeniginstr. 28
80802 Munich
Germany

Contact overview

Receive the latest Allianz news.

Newsletter

Follow Allianz in the social networks:

Facebook
Twitter
Google+
LinkedIn

  • Contact

  • Newsletter

  • Social Media
  • 10-year strategic bank distribution agreement with one of Indonesia’s largest banks, aims for growth in key market

  • Three life insurance products launched exclusively for Maybank customers

 

Allianz SE
Jakarta/Singapore, Aug 23, 2016

Allianz, the global financial services provider, and Maybank today announced their 10-year bancassurance agreement in Indonesia with the launch of three new life insurance products exclusively for Maybank customers.

By combining Maybank’s strong distribution network and customers in Indonesia with Allianz’s globally trusted insurance expertise and best-in-class products, the partnership will deliver comprehensive life and health insurance solutions to more than 4 million Maybank customers.

“This partnership demonstrates Allianz’s continued focus on growing in the Asia region, of which Indonesia is a key priority. We’re excited to bring our multi-channel approach, innovative products and digital expertise to serve the protection needs of all Maybank customers,” said George Sartorel, Regional CEO, Asia Pacific, Allianz.

As part of the partnership launch, Allianz and Maybank have jointly developed three life insurance products, following a thorough analysis on the needs of Maybank customers. These products aim to provide clear protection benefits and the opportunity for customers to capture investment growth. The initial set of products immediately available are:

  • MyProtection Bijak - Shariah-compliant unit-linked life insurance product
  • MyProtection Prima - Combines protection and investment in one easy solution
  • MyProtection Investa – Single-premium investment product
More products will gradually be added to the pipeline, in line with the diverse and changing needs of customers. In addition, Allianz will also look to introduce its proprietary digital sales platforms for Maybank clients, to drive stronger customer engagement and satisfaction. This will be augmented by a team of more than 150 dedicated insurance advisers to serve the needs of Maybank clients in their retail branches.

Joachim Wessling, CEO of Allianz Life Indonesia said: “This cooperation between two outstanding companies combines our strengths in providing world-class services and solutions, to deliver insurance protection tailored to our customers’ needs. We look forward to working closely with Maybank to secure a safer future for our customers in Indonesia.”

Taswin Zakaria, President Director of Maybank Indonesia says: “In line with our mission of providing customer-centric financial services, an exclusive strategic alliance with Allianz will provide a comprehensive suite of insurance solutions to our customers. This partnership also synergizes well with our strong distribution network, which is supported by over 430 branches all across Indonesia.”

  Forward Looking Statement disclaimer

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:

 

  Press contact

May Kek
Allianz Asia Pacific
Phone +65.6395-8118
Send email

 

Adrian Dosiwoda
Allianz Asia Pacific
Phone +65.212926-8060
Send email

  More at allianz.com

Allianz Deutschland 2016 Results: All lines show revenue gains

Allianz-Allianz Deutschland 2016 Results: All lines show revenue gains
Mar 09, 2017 | Allianz SE

Allianz Deutschland achieved its goals for fiscal 2016. Revenues made gains in all lines. At year’s end, Allianz Deutschland insured 20.4 million clients, 66,000 more than a year earlier

More...

2016 Results: Who said what

Allianz-2016 Results: Who said what
Feb 17, 2017 | Allianz SE

Allianz Group released its fourth-quarter and fiscal year 2016 results and announced a share buy-back program on February 16. A roundup of what the media is saying about our strong performance...

More...

2016 operating profit near upper end of target range

Allianz-2016 operating profit near upper end of target range
Feb 16, 2017 | Allianz SE

Allianz Group delivered 10.8 billion euros in operating profit in 2016, near the upper end of its target range and the fifth consecutive increase in annual operating results

More...
More...