21 There are various definitions of bankassurance.

  • By focusing on production, a bankassurer can be defined as a financial group or conglomerate that includes both bank credit origination and insurance underwriting.
  • But bankassurance can be limited to distribution agreements only in which a bank merely distributes third-party insurance products in a contractual agreement with an insurer and does not own the underwriting factory.

2011 11 - IAIS - Insurance and Financial Stability - 47p