Allianz has completed a 51% acquisition of PNB Life Insurance , marking Allianz PNB Life Insurance 's entry into the insurance market and enhancing its position throughout Asia . The 15-year bancassurance agreement between the companies presents Allianz with access to over 4m customers while providing products and services to the Philippine market. The new entity, Allianz PNB Life Insurance , will operate across 660 branches in the Philippines .
Allianz has completed a 51% acquisition of PNB Life Insurance, marking Allianz's entry into the insurance market and enhancing its position throughout Asia. The 15-year bancassurance agreement between the companies presents Allianz with access to over 4m customers while providing products and services to the Philippine market. The new entity, Allianz PNB Life Insurance, will operate across 660 branches in the Philippines.