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DBS, Manulife in billion-dollar bancassurance, tech tie-up

DBS and Manulife have officially launched a US$1.2 billion, 15-year regional distribution bancassurance partnership covering Hong Kong, Singapore, China and Indonesia. They will also over this period co-fund up to S$100 million (US$69 million) in digital technology and innovation investments. The Canadian insurer was already DBS’ main provider of insurance solutions in Hong Kong and Indonesia and their second largest provider…

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