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English definition of “bancassurance”

bancassurance

noun [U]     /ˈbæŋkəʃʊərens/ US   /ˈbæŋkəʃʊrens/ UK
BANKING, INSURANCE the combination of banking and insurance services that is offered by many banks : Many insurance companies have been threatened by the growth of bancassurance.
→ See also allfinanz
(Definition of bancassurance noun from the Cambridge Business English Dictionary © Cambridge University Press)
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