Bancassurance, Leadership Changes, and Deposit Insurance

Insurers and banks need to collaborate for the continued success of bancassurance in Southeast Asia, with challenges including declining in-person visits, rise of digital apps, and increasing bank interest rates. Standard Chartered appoints Vinay Gandhi as its global head of South Asian community and regional head of Africa, Middle East and Europe private banking. MAS increases insurance coverage on bank deposits to S$100,000 per customer from April 2024.