Finance
Prudential to Expand In Indonesia Via Partnership With BSI
- Insurer signs long-term bancassurance partnership transaction
- Deal could be worth a few hundred million dollars: sources
This article is for subscribers only.
Prudential Plc has entered into a long-term strategic bancassurance partnership with Indonesia’s largest Islamic lender PT Bank Syariah Indonesia Tbk.
As part of the agreement, Prudential will become the Syariah Life insurance provider of the bank known as BSI from early 2025, according to a statement on Friday, which confirmed an earlier report from Bloomberg News. BSI will sell, promote, distribute and refer the insurer’s products to its customers, it said.