Insurance company Prudential Vietnam has signed an agreement with the Vietnam Public Joint Stock Commercial Bank (PVcomBank) to sell its life insurance and wealth solutions to the lender’s customers.
This agreement on Thursday extends and enhances a highly successful partnership which began in 2015.
Last year was a successful one for them with revenue growth increasing eight-fold from 2017.
Clive Baker, CEO of Prudential Vietnam, said: “Recognising the growing need across Vietnam for comprehensive insurance and wealth solutions, Prudential Vietnam has extended its alliance with PVcomBank.
“Our solutions will leverage the latest innovations and digital technology to support consumers as they progress in life.”
Nguyen Viet Ha, deputy CEO of PVcomBank, said: “PVcomBank is honoured to partner with one of the leading insurance companies in Vietnam to bring effective financial solutions to people.
“We believe our exclusive network and large customer base will help sustain the success that our partnership has enjoyed since 2015.”
Prudential Vietnam has tie-ups with six local and foreign banks, and its bancassurance revenues grew by 150 per cent last year.
