ALLIANZ PNB Life and HSBC Wealth have agreed to make their distribution partnership exclusive for 14 years, in collaboration with Allianz SE (Singapore).
ALLIANZ PNB Life Insurance Inc. announced last Wednesday it secured a contract with HSBC Investment and Insurance Brokerage Philippines Inc. (HSBC Wealth) for the exclusive distribution of life insurance products to the latter’s clientele in the Philippines for over the next decade. Allianz PNB Life said HSBC Wealth “enhanced” its distribution agreement with Allianz SE,
HSBC Philippines on Wednesday unveiled its brokerage business under HSBC Wealth, where the company seeks to roll out an expanded list of products and services.