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DBS, Aviva Extend Partnership

In response to customers' growing need for financial security in Asia Pacific

DBS and Aviva have extended their bancassurance partnership from 2010 to 2015, to address customers’ growing need for financial security and to tap on new markets in Asia Pacific.

As part of the partnership, a new insurance specialist team will be introduced to provide accessibility and convenience to customers. Over 30 insurance specialists in Singapore and ten in Hong Kong, will receive six months of full-time training by Aviva and will be deployed in DBS branches by the end of the year.

Rajan Raju, managing director and head of the Consumer Banking Group at DBS, said: DBS is committed to Asia and our partnership with the world’s leading bancassurance provider, Aviva has enabled us to become a leading bancassurer in Singapore and Hong Kong. Our enhanced partnership will allow us to offer our customers comprehensive solutions for their protection and financial assurance needs across their life stages.

Shaun Meadows, CEO of Aviva in Singapore and Hong Kong, commented: Aviva’s research has found that consumers are worried about their financial situation in the current economic volatility. DBS and Aviva’s continued partnership will ensure that consumers have a range of quality insurance products to meet their evolving needs.