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

FWD and Nam A Bank sign up for a long-term partnership

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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 has achieved remarkable growth in the last six months, and our bancassuarance distribution channel has been a significant driver of this," said Anantharaman Sridharan, FWD general director. "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. This is aligned with our vision to change the way people feel about insurance and help Vietnamese families live life to the fullest.”

Luong Thi Cam Tu, Nam A Bank’s general director, said, "We have studied many partners to choose the most suitable one for cooperation, diversifying services, and maximising Nam A Bank’s internal strength. With a strong financial position and extensive experience in insurance in Asia, FWD has become 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."

Through this collaboration, FWD is once again taking solid steps to build a market-leading bancassurance distribution platform by investing in people, technology, partners, and networks.

This 15-year bancassurance distribution agreement aligns well with both corporations' strategies

FWD Group’s network spans Hong Kong and 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.

Nam A Bank started operating on October 21, 1992 and was one of the first commercial banks to be established after the Banking Ordinance was issued in 1990 in the context of the economic reform in Vietnam.

At present, Nam A Bank aims to become one of Vietnam’s most modern banks, based on fast, strong, safe, and effective development, as well as one of the country-leading banks to make endless contribution to socioeconomic development.