15:06 | 21/07/2016 Finance - Banking
(VEN) - July 20, Generali Vietnam Life Insurance LLC (“Generali Vietnam”) and Vietnam Export Import Commercial Joint Stock Bank (“Eximbank”) announced an exclusive bancassurance partnership in a signing ceremony at the Sheraton Saigon.
Under this agreement, Generali Vietnam will offer life insurance products to Eximbank’s customers through an extensive network of more than 200 branches and transaction offices across Vietnam.
As a leading global insurance player, the Generali Group has a solid track record in Europe and a growing presence in Asia. Generali Vietnam will leverage on the Group’s experience and capability in providing quality insurance solutions to customers. With this partnership, Generali Vietnam and Eximbank, a leading commercial joint stock bank, will create tremendous synergies to better serve local customers. This will allow customers to access Generali’s life insurance solutions more easily at Eximbank’s branches and transaction offices.
Eximbank’s presentative remarked, “In recent years, the demand for insurance products by our customers has increased significantly. Our customers require a full range of financial solutions which include both banking services and insurance products. We believe that this bancassurance partnership between Eximbank and Generali Vietnam will expand our product offerings to the market and strengthen our value proposition.”
Ms. Tina Nguyen, CEO of Generali Vietnam said, “This exclusive partnership with Eximbank is a strategic step in expanding our distribution network, bringing our high quality products and services to millions of customers. I look forward to seeing the mutual success this partnership will bring to both parties and contributing strongly to the growth of the insurance industry, especially in the area of bancassurance.”