Allianz PNB Life Insurance Signs Distribution Deal with HSBC

Allianz PNB Life Insurance, a JV between Allianz and PNB Life Insurance offering life insurance in the Philippines, has inked an agreement with HSBC Insurance Brokers to offer insurance products and services to the customers of British banking giant HSBC in the Philippines. “Our partnership with HSBC will allow us to help Filipino families find financial solutions for every need and life stage. Through this partnership, we hope to help more families reduce the protection gap” – PNB Life president and CEO Olaf Kliesow. Note to self:  Do not confuse Olaf with Olaf with Olaf.

PS. Allianz completed its acquisition of a 51% stake in PNB Life Insurance Inc. from Philippine National Bank in 2016.