AIA Cambodia and Amret sign bancassurance dealJuly 4 2018 by InsuranceAsia News Staff
AIA Cambodia and Amret Microfinance have formally signed their partnership agreement, which is expected to boost their cooperation in the area of bancassurance.
Under the new agreement, AIA agents will be stationed at all Amret branches across the country.
This move will enable clients of the microfinance institution to have access to life insurance consultation as well as to products offered by AIA.
The agreement was signed yesterday in time for the inauguration of Amret’s new headquarters in Phnom Penh.
The ceremony was attended by representatives of the Ministry of Economy and Finance.
In a joint media release, the companies said the two firms will complement each other in offering the best services to their clients.
- January 11
The agreement extends original alliance that started in 2010 for a fee of US$851m.
- December 31
Petrolimex Insurance Corporation and Woori Bank have signed a bancassurance agreement.
- October 15
Another major bancassurance deal is under review in Asia.
- October 9
Asia CEO Nic Nicandrou is keen to spend some money on acquisitions in the region.