Finansbank will still retain its 49 percent share in Finans Emeklilik. Finansbank and Finans Emeklilik are also planning to sign a 15-year exclusive distribution agreement to distribute both life insurance and individual retirement plans.
Cigna, which commands yearly revenues of more than $22 billion, is America’s fourth largest insurance company. It has an expansive life and health insurance portfolio and provides insurance services to over 70 million customers in 30 countries.
Cigna manages banking insurance partnerships in the world’s leading developing economies like China, South Korea and India, and plans to extend its expertise in this field to Turkey via a partnership with Finansbank.
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Source : hurriyetdailynews.com
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