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                    [ArticleID] => 167662
                    [Title] => Insurance body to require prior clearance for sale of bancassurance products
                    [Summary] => A bank must seek the certification of the Insurance Commission (IC) before it can sell insurance products under the proposed cross-selling scheme being prepared by the Bangko Sentral ng Pilipinas (BSP).


The BSP’s cross-selling scheme proposes to allow the subsidiaries and affiliates of commercial banks (KBs) and expanded commercial banks (EKBs) to sell their products in the bank’s premises. The planned ruling covers the insurance and mutual fund subsidiaries of banks.


                    [DatePublished] => 2002-07-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 166168
                    [Title] => BSP asked to expand rule on cross selling
                    [Summary] => Standard Chartered Bank of the Philippines (SCBP) is asking monetary authorities to include affiliates in a proposed circular regarding cross-selling.


Cross-selling means allowing the subsidiary of a bank to sell its products inside the bank’s premises and tap its other resources. The same arrangement is referred to as bancassurance by insurance  companies.


SCBP chief executive officer Annemarie Durbin told newsmen that bancassurance is a common business practice in most countries especially progressive Asian countries.


                    [DatePublished] => 2002-06-27 00:00:00
                    [ColumnID] => 133272
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AYALA LIFE INSURANCE

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                    [ArticleID] => 167662
                    [Title] => Insurance body to require prior clearance for sale of bancassurance products
                    [Summary] => A bank must seek the certification of the Insurance Commission (IC) before it can sell insurance products under the proposed cross-selling scheme being prepared by the Bangko Sentral ng Pilipinas (BSP).


The BSP’s cross-selling scheme proposes to allow the subsidiaries and affiliates of commercial banks (KBs) and expanded commercial banks (EKBs) to sell their products in the bank’s premises. The planned ruling covers the insurance and mutual fund subsidiaries of banks.


                    [DatePublished] => 2002-07-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 166168
                    [Title] => BSP asked to expand rule on cross selling
                    [Summary] => Standard Chartered Bank of the Philippines (SCBP) is asking monetary authorities to include affiliates in a proposed circular regarding cross-selling.


Cross-selling means allowing the subsidiary of a bank to sell its products inside the bank’s premises and tap its other resources. The same arrangement is referred to as bancassurance by insurance  companies.


SCBP chief executive officer Annemarie Durbin told newsmen that bancassurance is a common business practice in most countries especially progressive Asian countries.


                    [DatePublished] => 2002-06-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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abtest

Insurance body to require prior clearance for sale of bancassurance products

By Ted P. Torres | July 9, 2002 - 12:00am

A bank must seek the certification of the Insurance Commission (IC) before it can sell insurance products under the proposed cross-selling scheme being prepared by the Bangko Sentral ng Pilipinas (BSP). The BSP’s...

Business

BSP asked to expand rule on cross selling

June 27, 2002 - 12:00am

Standard Chartered Bank of the Philippines (SCBP) is asking monetary authorities to include affiliates in a proposed circular regarding cross-selling. Cross-selling means allowing the subsidiary of a bank to sell...

Business