Why is ING Group selling ING Insurance?
The sale of ING’s life insurance and wealth management platform in Australia is an important step in ING’s program to simplify its businesses around the world. ING Insurance currently operates as a 51:49% joint venture between ING and ANZ; making this sale a natural conclusion. The basic strategy of ING is based on, and will continue to focus on, retail savings and investments. ING DIRECT, which focuses on attracting savings, is at the heart of that strategy.
