Allianz PNB, HSBC unit ink insurance distribution deal

Life insurer Allianz PNB Life Insurance has inked an agreement with HSBC Insurance Brokers (Philippines) Inc. to offer insurance products and services to the customers of British banking giant HSBC in the Philippines.

This is part of the efforts of Allianz to expand its reach in Southeast Asia, providing the insurer with more opportunities to offer financial advice and solutions to the country’s rising middle class.

“Our partnership with HSBC will allow us to help Filipino families find financial solutions for every need and life stage. Through this partnership, we hope to help more families reduce the protection gap,” PNB Life president and chief Executive Officer Olaf Kliesow sa…

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