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Under this agreement, Generali Vietnam will offer life insurance products to the Vietnamese partner (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.
With this partnership, Generali Vietnam and Eximbank 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.
“In recent years, the demand for insurance products of our customers has increased significantly. We believe that this bancassurance partnership between Eximbank and Generali Vietnam will expand our product offerings to the market and strengthen our value proposition,” stated Eximbank in a recent media statement.
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.”
Generali Vietnam is a member of Generali Group, one of the world’s largest insurance providers with 2015 total premium income exceeding €74 billion ($81.5 billion).
With 76,000 employees serving clients in more than 60 countries, the group occupies a leadership position in West European market and increasingly important place in markets in Central-Eastern Europe and Asia.
In 2015, Generali was the sole insurance company included among the 50 smartest companies in the world by the MIT Technology Review.