Manulife (International) has entered into a strategic bancassurance deal with the Industrial and Commercial Bank of China (ICBC (Macau)).

The strategic agreement will allow Manulife to distribute its life and medical insurance plans, as well as retirement solutions, to customers of ICBC (Macau).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

As part of the deal, Manulife will market its range of products through the bank’s 17 branches and four wealth management centers, effective 10 September 2014.

The partnership will enable Manulife to build, protect and enjoy wealth for a good quality of retirement life.

Michael Huddart, executive vice president and general manager for Greater China, Manulife, said: "There will be an increasing need for retirement planning and we see a lot of potential for future growth. The strategic partnership demonstrates our commitment to meeting the emerging needs of Macau customers for life protection, wealth accumulation and retirement planning."

Jiang Yisheng, CEO of ICBC (Macau), said: "The new strategic partnership has combined the respective strengths of both companies – our extensive branch network and professional banking and wealth management services and Manulife’s diversified insurance portfolios and its expertise in financial planning and retirement."