On October 25, Medici Insurance and Sun Life Vietnam officially announced their strategic partnership in product distribution.
The cooperation aims to offer pre-eminent life insurance solutions to Medici Insurance's network of financial agents and give customers wider choices to protect themselves and their families.
|From left: Vu Ba Tuyen, CEO of Medici Insurance; Ngo Duc Anh, chairman and founder of Medici Group; Luc Ly Nhon, general director of Sun Life Vietnam; and Nguyen Huu Luan, deputy general director of Distribution Channels at Sun Life Vietnam
Under the strategic partnership, while Medici Insurance has more high-quality insurance products, diverse choices for customers, Sun Life Vietnam can expand effective distribution channels with professional agents.
The fresh move would bring significant benefits and help customers easily access protection solutions for individuals and families.
Sun Life Vietnam is working on a professional and efficient process system helping to simplify contract management while enhancing insurance benefits and customer services with technology support. This assists Medici Insurance members in distributing Sun Life Vietnam products more conveniently.
“One of Medici’s core pillars for growth has always been partnership and collaboration, through which we join hands with top insurance companies to harness the power of technology and make insurance more accessible,” said Ngo Duc Anh, chairman and founder of Medici Group.
|Under the strategic partnership, while Medici Insurance has more high-quality insurance products, diverse choices for customers, Sun Life Vietnam can expand effective distribution channels with professional agen
“Sun Life Vietnam is a market disruptor that Medici sees eye to eye in terms of both the broad vision and strategic action, and we believe that this partnership will enable both sides to protect millions of Vietnamese families with innovations,” he added.
Sun Life Vietnam is a member of Sun Life Financial Group, a financial and insurance group from Canada.
The company is also deemed one of the market leaders in developing partnership distribution channels in Vietnam. The cooperation with Medici Insurance shows that Sun Life Vietnam highly appreciates the considerable opportunity for growth in the vibrant tech-empowered insurance market nowadays.
Medici Insurance – a technology firm invested by regional venture capitals – is endeavouring to provide accessible, trustable, and affordable insurance to every Vietnamese.
Medici Insurance ecosystem embraces the entire customers' protection and care journey with a nationwide insurance partner network of over 50 agent offices in nearly 40 cities and provinces across Vietnam.
|Vietnam an attractive life insurance market
The life insurance market remains attractive despite slowing down of late, according to the Insurance Association of Vietnam.
|Digital-led initiatives lift up life insurers in Vietnam
Vietnam’s life insurance landscape is being offered upbeat projections, with digital competencies being the driving force.