FWD signs exclusive 15 - Year bancassurance partnership with Nam A Bank

14:56 | 01/08/2017 Finance - Banking

(VEN) - FWD Vietnam Life Insurance Company Ltd. (“FWD”) and Nam A Commercial Joint Stock Bank (“Nam A Bank”) have signed an exclusive 15-year bancassuarance partnership to provide comprehensive and diverse life insurance products for Nam A Bank’s customers.

With this agreement, FWD will expand its bancassurance distribution network as it aims to become a leading insurer in Vietnam that changes the way people feel about insurance.

fwd signs exclusive 15 year bancassurance partnership with nam a bank
Mr. Anantharaman Sridharan, FWD’s General Director and Ms. Luong Thi Cam Tu, Nam A Bank’s General Director at the signing ceremony

Mr. Anantharaman Sridharan, FWD’s General Director, said: "FWD has achieved remarkable growth in the last six months, and our bancassuarance distribution channel has been a significant driver of this. Our strength in providing innovative and simple products and a unique customer experience supported by leading digital technologies will complement Nam A Bank’s network for the ultimate benefit of their customers and the availability of insurance.”

Ms. Luong Thi Cam Tu, Nam A Bank’s General Director said: "We have studied many partners to choose the suitable one for cooperating, diversifying services and maximizing Nam A Bank’s internal strength. With a strong financial position and extensive experience in insurance in Asia, FWD has become as our exclusive partner. Through our stable customer base and nationwide network as well as the same strategy of “customer centricity” and mutual trust, I believe that the cooperation between Nam A Bank and FWD will bring good results not only in the insurance sector but also in the development of both companies."

FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan, offering life and medical insurance, general insurance and employee benefits across a number of its markets. FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology.