Aviva has signed a noteworthy ten-year distribution agreement with UK-based HSBC
Category: #world  By Saipriya Iyer  Date: 2017-08-10
  • share
  • Twitter
  • Facebook
  • LinkedIn

Aviva has signed a noteworthy ten-year distribution agreement with UK-based HSBC

Aviva, a multinational insurance firm based in the UK, has made two prolific pacts with HSBC, a UK based banking & financial service provider endorsing global operations. The first deal is apparently a ten-year distribution agreement and is touted to be one of the biggest bancassurance transactions carried out across the nation. The agreement will reportedly allow the customers of this financial services market player to purchase travel coverage and underwritten home insurance from Aviva with the help of digital banking operations inclusive of mobile banking along with the bank’s extensive mobile operations as well as other online banking networks. The various branches of HSBC across the UK will also provide help and guidance regarding the insurance purchase. The bancassurance deal will also provide massive growth avenues for AVIVA to expand its insurance business by and large in the near future. This current contract is the extension of the previous five-year deal made by the Europe insurance industry participant with HSBC to offer extensive travel and home coverage facility to the latter’s consumers.

The new partnership deal between Aviva and HSBC will also help the latter to offer a spectrum of general insurance coverages to its customers. These coverages will be provided in a plethora of ways that are easy to carry out as well as user-friendly. Rise in air travel and property acquisition will provide a boost to the insurance sector with more customers buying insurance coverage as a part of their security plans.

In its second agreement, Aviva has further extended the period of the title patronage of its Rugby Union premiership, which is supposed to expire by the end of 2018. This will also signify the firm’s eighth consecutive term as one of most dominant competitive partners. As per the extension of the Aviva’s partnership with the Rugby Premiership, the former will work with the latter along with twelve other rugby clubs on the firm’s community schemes such as Aviva community fund and Aviva tackling numbers. Both these schemes introduced by Aviva will make remarkable contributions towards upliftment of the living standards of Aviva families and its communities across the nation. The deals will also make an impact on the insurance as well as banking sectors across the UK.



About Author

Saipriya Iyer

Email: [email protected]   

Saipriya Iyer

Saipriya Iyer develops content for Market Size Forecasters, Algosonline, and myriad other platforms. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her bel...

Read More

More News By Saipriya Iyer

Regeneron begins late-stage trial of its coronavirus antibody cocktail
Regeneron begins late-stage trial of its coronavirus antibody cocktail
By Saipriya Iyer

Renowned American biopharmaceutical company, Regeneron Pharmaceuticals, has reportedly announced that it has started late-stage clinical trials of its proprietary antibody cocktail to assess its effectiveness in treati...

China completes 2 launches in 3-day span with Gaofen & Shiyan-6
China completes 2 launches in 3-day span with Gaofen & Shiyan-6
By Saipriya Iyer

China has recently launched its classified Shiyan-6 (02) satellite, following the launch of Gaofen, which is a ‘multimode’ Earth observation satellite, into orbit 2 days earlier. These two launches will mar...

Tetra Pak announces target to reach net-zero GHG emissions by 2030
Tetra Pak announces target to reach net-zero GHG emissions by 2030
By Saipriya Iyer

Tetra Pak, a food processing and packaging solutions provider, has recently announced its target to reach net-zero GHG (greenhouse gas) emissions in its operations by 2030.

The targ...