Global Affinity AFFINITY BANKING Finance Club
Total Page:16
File Type:pdf, Size:1020Kb
AFFINITY INSURANCE SPRING 2017 BANCASSURANCE Global Affinity AFFINITY BANKING Finance Club Finaccord’s newsletter about affinity financial services worldwide Welcome back to your Club! The second quarter of 2017 has been a prolific period for affinity and corporate partnerships in financial services worldwide. Eye-catching initiatives include those of American Express with the Hilton hotel group (for an exclusive co-branded card program in the US), BGL Group with Virgin Money (for a brokered life insurance proposition in the UK), BNP Paribas with Snap (to generally strengthen proximity to millennial customers), ČSOB with Česká pošta (for financial services sold through the network of the Czech post office), Sompo Japan with ZhongAn Online P&C Insurance (for travel insurance targeted at Chinese visitors to Japan) and West- ern Union with Facebook (for a money transfer ‘bot’ embedded in the Messenger service). Deals arising from the growing popularity of car sharing have also been apparent as evidenced by the links of AXA with eccocar in Spain, LeasePlan with Uber on a Europe-wide basis, and Tranqui- lidade with CarAmigo in Portugal. In addition, international payments giants such as Ant Financial, Discover, JCB, MasterCard, PayPal, UnionPay, Visa and Wirecard have been highly prominent as a result of an array of new deals de- signed to expand their reach both internationally and into emerging payment sectors, as have mobile device manufacturers such as Apple and Samsung. Notably, JCB has improved its reach among Europe- an merchants by means of an agreement with Checkout.com, a spe- cialist in online payments. Alan Leach, Director [email protected] For our published reports, news and more please visit www.finaccord.com Global Affinity Finance Club Table of contents Affinity Insurance CosmosDirekt offers premium GENERAL 8 rate for life insurance customers ASSISTANCE 5 in Germany 6 ČSOB enters into new ten-year partnership with Czech post office AXA Assistance links with German mutual insurers collabo- 8 GetRentr for home assistance plat- rate to create ‘Rentenwerk’ pen- form 5 sion scheme 7 Bancassurance esure appoints the RAC for Aetna and Sutter Health combine CREDITOR, LIFE AND breakdown and add-on cover 5 for healthcare plans in Northern HEALTH INSURANCE 9 California 7 Mondial Assistance teams up with Virgin Money selects BGL MOTOR INSURANCE 7 Harley-Davidson for road assis- Group as broker for protection- tance 5 related life insurance 9 AXA wins mandate for motor in- surance and road assistance with International SOS establishes AXA wins creditor insurance re- healthcare joint venture with Iqarus car sharing platform eccocar… 7 lationship with IKANO Bank 5 following divestments 9 … and Tranquilidade and Europ Assistance secure similar deal with MedAire secures link with Zetta Jet GENERAL CarAmigo 7 for medical and security services 5 BNP Paribas Cardif enters into NICHE INSURANCE 7 COMMERCIAL INSURANCE strategic partnership with Japanese 5 banking giant… 9 BMW works with BNP Paribas Cardif for weather-related motor Bradesco Seguros works with … and rolls out insurance products vehicle cover 7 Swiss Re for commercial lines for Compte-Nickel customers in joint venture 5 domestic market 9 TRAVEL INSURANCE 7 HOUSEHOLD INSURANCE 6 Canadian credit union selects The ERV bolsters reach in Germany, Co-operators as strategic insur- Willis Towers Watson works with Spain and Sweden 7 ance partner 9 Roost to test home telematics… 6 Sompo Japan targets Chinese vis- HDFC ERGO gains distribution itors to Japan through link with relationship with Utkarsh Small … and Hood Group rolls out ZhongAn Online P&C Insurance Finance Bank 9 pilot with RSA in similar field 6 8 Affinity Banking LIFE AND HEALTH INSUR- DeNA Travel selects Allianz ANCE 6 Worldwide Partners for embedded AFFINITY CARDS AND ticket cancellation insurance 8 BANKING 10 Vitality brand established in Aus- tralia by AIA and GMHBA 6 www.finaccord.com 2 Global Affinity Finance Club Virgin Money launches bond … and American Express wins MasterCard boosts usage of Mas- pegged to on-field fortunes of mandate for co-branded cards with terPass through multiple retailer Manchester United 10 major US credit union 12 partnerships… 14 MBNA enhances offer for sup- Wirecard launches first-ever … and augments existing relation- porters of Arsenal and Liverpool cashback donor prepaid card ships with Apple, Google and football clubs 10 with CSL Plasma 12 Samsung 14 African Bank earns loan distribu- COMMERCIAL BANKING 12 Visa promotes mobile payment tion partnership with MMI 10 services through array of new part- Sberbank gains insight into agri- nerships… 14 Société Générale renews state- cultural sector through tie with guaranteed student loan offer with ExactFarming 12 … including expansion of existing Bpifrance 10 collaboration with PayPal to Asia- CONSUMER FINANCE 13 Pacific region 15 AUTOMOTIVE FINANCE 11 MediaMarkt appoints CaixaBank Visa takes strategic investment in Crédit Agricole Consumer Finance subsidiary as consumer finance online payment and consumer links with French online platform partner in Spain 13 finance specialist Klarna 15 for used vehicles… 11 INTERNATIONAL PAY- Samsung co-operates with multi- … and Ally creates comparable MENTS / REMITTANCES 13 ple banks to broaden usage of deal in the US with TRED 11 mobile payment proposition 15 Western Union links with ALD provides white-labelled full- Franprix for international remit- Ant Financial expands usage of service leasing to BBVA customers tance services… 13 Alipay through new deals in Ja- 11 pan, Italy and Spain 16 … and embeds money transfer LeasePlan unveils pan-European ‘bot’ in Facebook’s Messenger Apple promulgates mobile pay- vehicle leasing partnership with service 13 ments platform through partner- Uber 11 ships with BOC and UniCredit Wirecard develops international 16 CO-BRANDED CARDS 11 remittance service with India- based foreign exchange specialist Wirecard rolls out new mobile Synchrony Financial ties with 13 payment agreements, including Nissan for co-branded credit one with VEON 17 card… 11 Currencycloud collaborates with Hyundai Card for mobile money French partners combine to create … and its healthcare finance arm transfers in South Korea 13 Lyf Pay as universal mobile pay- secures multi-year deal with Ath- ment solution 17 letico Physical Therapy 12 MOBILE / ONLINE PAY- MENTS 14 Amazon Pay made available as Hilton selects American Express as payment option by Europ Assis- exclusive partner for Honors co- tance and Vueling in Italy 17 branding program… 12 www.finaccord.com 3 Global Affinity Finance Club Table of contents Banco do Brasil facilitates option Finaccord reports Insurance in Italy for rapid card payments with Ub- Creditor and Lifestyle Protection er 17 Finaccord publishes a variety of Insurance in Poland reports about the following coun- Creditor and Lifestyle Protection Resurs Bank links with manufac- tries: Australia; Austria; Belgium; Insurance in Spain turer of garden equipment prod- Brazil; Canada; Chile; China; Co- Extended Warranties and Insur- ucts for digital payments 17 lombia; France; Germany; India; ance for Mobile and Non-Mobile Indonesia; Italy; Japan; Malaysia; Consumer Products in France PAYMENT CARD ISSUANCE Mexico; Netherlands; Peru; Po- Extended Warranties and Insur- AND ACCEPTANCE 17 land; Romania; Russia; South Af- ance for Mobile and Non-Mobile rica; Spain; Switzerland; Turkey; Consumer Products in Germany JCB secures card acceptance rela- the UK; and the US. Extended Warranties and Insur- tionship with Checkout.com… ance for Mobile and Non-Mobile 17 Alternatively, to see our full list Consumer Products in Italy of reports organised by country, Extended Warranties and Insur- … and secures multiple agree- with more than 60 countries cov- ance for Mobile and Non-Mobile ments with other partners… 18 ered in total, please visit the Consumer Products in Spain search-by-country page of our Extended Warranties and Insur- … including one for co-branded website at www.finaccord.com/ ance for Mobile and Non-Mobile cards in Sri Lanka with search-by-country.htm. Consumer Products in Sweden LankaClear 18 Global Consumer Lending: Size, Finaccord’s latest published Segmentation and Forecast for Discover expands payment card reports and data products in- the Worldwide Market acceptance in Canada through tie clude: Road Assistance in France with Monetico 18 Road Assistance in Germany Bancassurance in Africa and the Road Assistance in Italy UnionPay gains traction in Russia Middle East: Product and Part- Road Assistance in Spain through card acceptance deal nership Strategies of the Region's Road Assistance in the UK with Sberbank 18 Top 120 Retail Banking Groups Small Business Segments: Mar- Bancassurance in the Americas: keting Business Insurance to Ma- RETAILER CARDS 18 Product and Partnership Strate- jor Professions and Trades in the gies of the Region's Top 120 Re- UK Diamonds International selects tail Banking Groups Travel Insurance and Assistance Alliance Data for private-label Bancassurance in Europe: Prod- in South Africa store card program 18 uct and Partnership Strategies of the Region's Top 150 Retail Synchrony Financial finalises Banking Groups multi-year contract with Zulily in Consumer Automotive Financial same sphere 18 Services in China Creditor and Lifestyle Protection GENERAL 19 Insurance in France Creditor and Lifestyle Protection BNP Paribas establishes global Insurance in Germany partnership with Snapchat 19 Creditor and Lifestyle Protection www.finaccord.com