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Company news
 
Allianz signs deal with ING Bank

10/04/2009

 The Turkish life insurance market is dominated by banassurance. Any insurer without a bank distribution partner struggles to make any real impact in the life branch.

Allianz has announced that they have signed a bancassurance deal with ING Bank. ING's 361 branches in Turkey and 5 branches in Northern Cyprus will start to sell Allianz's products.

ING Bank was formally Oyak bank - the bank of Turkey's Army Benevolent Fund. Purchased by ING last year, it used to be part of the Axa-Oyak group, and distributed Axa's products.

Tags: Allianz | bancassurance |
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