Scotiabank and BNP Paribas Cardif announce bancassurance strategic alliance
On July 25, 2019, Scotiabank announced that it entered into a long-term bancassurance strategic alliance with BNP Paribas Cardif, the insurance unit of BNP Paribas, as part of Scotiabank's efforts to bring more customer-centric solutions to its customers in the Pacific Alliance countries.
The 15-year strategic alliance will involve the development of protection and insurance solutions, supported by BNP Paribas Cardif's multichannel solutions and analytics expertise, to be distributed to Scotiabank's growing 9 million retail customers in the Pacific Alliance countries, where the combined retail loan book is approximately C$55 billion.
Among the innovative solutions and new experiences that will be offered to Scotiabank customers in this region, the alliance also includes significant investments of C$30 million by BNP Paribas Cardif to further develop Scotiabank's digital capabilities.
Further information can be found on Canada Newswire's website.
Scotiabank is Canada's international bank and a leading financial services provider in the Americas.
BNP Paribas Cardif is a world leader in creditor insurance and a global specialist in personal insurance, serving 100 million clients in 35 countries with strong positions across Europe, Asia and Latin America.