AIA inks 15-year bancassurance deal in VietnamOctober 27 2017 by InsuranceAsia News Staff
AIA Vietnam and VPBank have signed a 15-year exclusive bancassurance partnership agreement, which will see AIA’s insurance products offered across the bank’s nationwide network of 215 branches and transaction offices.
According to reports, the deal makes VPBank the first bank in Vietnam to offer insurance integrated with wellness.
AIA Vietnam CEO Wayne Besant said the partnership with VPBank highlights the insurer’s commitment to deliver value-added wellness, protection, and long-term savings solutions to VPBank customers.
For his part, VPBank CEO Nguyen Duc Vinh said the bank has always viewed bancassurance as an integral and strategic aspiration.
The 15-year exclusive partnership deal will allow AIA Vietnam and VPBank to jointly invest in and commit to creating a market-leading bancassurance platform.
- July 4
The agreement was signed in time for the inauguration of Amret’s new headquarters in Phnom Penh.
- June 25
Vietcombank is looking for a new insurance distribution partner in a deal that could be worth as much as US$1bn.
- June 22
The agreement with Sathapana Bank was signed at a ceremony attended by the finance ministry and central bank.
- June 15
The two institutions have forged a bancassurance partnership, initially covering parts of Europe and Australia.