 Bancassurance in the United KingdomNadege Genetay and
Philip Molyneux ()
Chapter 3 in Bancassurance, 1998, pp 44-71 from Palgrave Macmillan Abstract: Abstract This chapter provides a review of the development of bancassurance in the United Kingdom which is recent and has considerably evolved over the last decade. In the first section of this chapter, we review the major regulatory changes that have had an impact on the bancassurance trend. This includes the Financial Services Act (1986), which reshaped the regulation of investments products and has led to new regulatory requirements for the distribution of insurance. The section then examines the impact of the Building Societies Act (1986) on the development of bancassurance. In Section 3.2, we review the emergence and strategy of UK bancassurers. We start by analysing the two earliest bancassurance operations in the United Kingdom, those of TSB and Barclays, who set up life assurance operations in the 1960s. Then, we examine the wave of new bancassurance operations established in the 1980s. Finally, we examine the bancassurance operations, established in 1993 to 1995. Keywords: Financial Service; Insurance Product; Sales Force; Bank Branch; Investment Product (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26969-3_3 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-26969-3_3 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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