Royal Bank of Scotland is set to launch an assault on the Chinese motor and household insurance market.
According to a report in the Telegraph, RBS is currently in discussions with Bank of China to cement the move into the general insurance market.
At present, Chinese regulation does not permit banks to offer general insurance products, although this is set to change later this year, with RBS expected to enter the market shortly after the regulatory amendment.
RBS currently holds a 5% stake in Bank of China and has the voting rights for a consortium which owns 10% of China's second biggest bank.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
