The level of bancassurance activity varies dramatically between the world’s countries and major regions. Having been pioneered in Europe, bancassurance has made its way across the world as an increasingly important distribution channel
Africa is hardly the first region one would think of when it comes to private banking. That is, if one has not been following economic developments on the continent. Last year, the number of high-net-worth individuals in Africa reached 140,000, according to a Capgemini report, a 3.7 percent annual increase.
Switzerland’s investigation of possible manipulation of foreign exchange rates, announced Friday, is now one of at least five cases that are currently being scrutinized world-wide. Others include investigations into benchmarks for crude oil and the swaps market as well as Libor interest rates.