Manulife (International) Limited and QBE Hongkong & Shanghai Insurance Limited have entered into an exclusive distribution agreement. 

 

From August 1, 2016, Manulife exclusively appoints QBE as supplier of general insurance products in Hong Kong for distribution through Manulife’s agents to its customers. These products cover travel, motor, home and employee compensation insurance, and will complement Manulife’s comprehensive life, pensions and wealth management products.

 

QBE has been selling general insurance products via Manulife’s agency channel in Hong Kong since 2003. The arrangement under the agreement takes the relationship between the two companies to a higher level. It will better meet the demands of both corporate and individual customers of Manulife who are looking for a “one-stop solution” for their financial protection and various insurance needs. Customers will benefit from increased convenience, enhanced experience and more choices.

 

Manulife and QBE will jointly invest in and deliver digital solutions and e-business capabilities that will assist Manulife agents to efficiently distribute general insurance products that are complementary to Manulife’s current offerings. Direct access to Qnect, QBE’s proprietary e-Commerce platform, will also allow Manulife agents  to generate instant quotes, manage policy administration and eventually lodge online claims and keep track of a wide range of commercial and personal general insurance products. 

 

Under the arrangement, Manulife and QBE will also work together to develop tailor-made general insurance solutions for corporate and individual customers.