Woori Bank Vietnam partners with Samsung Vina Insurance to offer property insurance services

June 18, 2023 | 13:16

(0) user say

Woori Bank Vietnam and Samsung Vina Insurance have forged a strategic alliance to enhance property insurance operations, offering more options to new insurance services for corporate clients while strengthening Woori Bank's competitive position.

Woori Bank Vietnam partners with Samsung Vina Insurance to offer property insurance services

Woori Bank of South Korea unveiled a new development on Thursday, revealing a fresh partnership between its Vietnamese branch, Woori Bank Vietnam, and Samsung Vina Insurance, the Vietnamese arm of Samsung Fire & Marine Insurance.

This collaboration represents Woori Bank Vietnam's inaugural bancassurance agreement with Samsung Vina Insurance, a strategic move that aims to streamline property insurance-related operations for the bank's valued corporate clientele.

The agreement signifies an opportunity for Woori Bank's diverse customer base in Vietnam, offering access to an array of new insurance services, leveraging the insurance expertise of Samsung Vina Insurance.

Simultaneously, this partnership positions Woori Bank to bolster its competitive advantage by strengthening its profit structure, particularly through the expansion of non-interest incomes.

Samsung Vina Insurance, which made its pioneering entry into Vietnam in 2002, has garnered immense trust and recognition in the region, owing to its solid financial foundation and remarkable insurance pay-out ratio.

Be Group partners with FWD to deliver insurance on multi-service consumer platform

Be Group JSC, the owner and developer of the on-demand multi-service consumer platform Be, has formed the partnership with FWD Vietnam Life Insurance Company Limited (FWD Vietnam), one of the leading life insurance companies in technology and customer experience in Vietnam.

Samsung Vietnam teams up with Shinhan Bank Vietnam on digital payments

In a landmark move, Samsung Vietnam and Shinhan Bank Vietnam have joined hands, etching an MoU to revolutionise the digital payment arena in Vietnam on June 14.

By Tri Lam

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional