Ho Chi Minh City, 12 December 2019 - Asia Commercial Joint Stock Bank ("ACB") and FWD Vietnam Life Insurance Company Limited ("FWD") announced today they have entered into a landmark e-bancassurance partnership, the first of its kind in Vietnam.
Under this cooperation, ACB will become the first bank in Vietnam to provide completely online insurance products on its website platform. The partnership will allow ACB customers to buy simple and easy-to-understand insurance products from FWD on ACB's website with just a few clicks.
FWD Cancer Care, with annual premiums starting from VND 99,000, will be the first product launched through the online platform. Both ACB and FWD are confident customers will enjoy a fresh, convenient and enhanced insurance experience through this revolutionary e-bancassurance partnership.
Mr. Tu Tien Phat, Executive Vice President of ACB said: "Making the difference in customer service is ACB's mission. Besides traditional distribution networks such as transaction offices, branches, ACB is constantly developing internet banking and mobile applications.
We believe that through this partnership with FWD - an insurance partner has a prominent advantage in digitalization, ACB will enhance the diversity of service channels, helping ACB's customers to easily purchase bancassurance products anywhere, anytime."
Mr. Huynh Huu Khang, CEO of FWD Vietnam said: "We're absolutely thrilled to partner with ACB. The partnership between the two parties shares the same purpose of providing the right financial products for customers and leading customer experience via state-of-the-art technological innovation. In addition, this partnership has opened a new path not only for ACB and FWD but also for the whole Vietnam insurance industry and I hope that it will bring the best financial protection to many more Vietnamese people and enable us to continue changing the way people feel about insurance."
Asia Commercial Joint Stock Bank (ACB) has been in operation for 26 years and now becomes one of the strongest commercial joint stock banks in Vietnam with charter capital of VND 12,885,877,380,000 and total assets of VND 329,333 billion. The network of branches and sub- branches has reached 365 units, operating in 47 provinces and cities across the country. Total number of employees of the group is 15,000. ACB's five core values namely Integrity, Prudence, Innovation, Balance and Efficiency dictate all of ACB's activities in the progress of sustainable development. Over the past few years, ACB has always been listed by Forbes Magazine in the TOP 50 best listed companies in Vietnam as well as received highly appreciated awards from domestic and foreign organizations.
About FWD Vietnam
FWD Vietnam was established in 2016 and is a member of FWD Group, a leading Asian-pan life insurer. With the priority strategy on digital development, FWD Vietnam is a differentiated insurance company, with a solid foundation based on its own strengths: breakthrough products; high-quality distribution channels; digitized business processes and differentiate branding strategies.
FWD Vietnam is consistently recognized as one of the fastest-growing life insurance companies in the market.
For more information please visit website: www.fwd.com.vn
Nguyen Ngoc Thuy