China CITIC Bank International Limited (CNCBI) and FWD Hong Kong (FWD) have announced a novel bancassurance partnership in Macao, offering an all-inclusive suite of insurance products and services.
The partnership primarily aims to cater to the Bank’s customers, including high-net-worth (HNW) individuals, in Macao.
This partnership symbolizes the first bancassurance collaboration of its kind between CNCBI and FWD in Macao. Leveraging digital technology, FWD aims to provide CNCBI customers, as well as city visitors, a seamless, faster, and smoother insurance experience.
The initiative is centered around the delivery of innovative, easily-understandable propositions that address the diverse wealth management and legacy planning needs of customers.
Helen Kan, CNCBI’s Executive Director & Deputy Chief Executive Officer, conveyed her excitement about the partnership, acknowledging the myriad business opportunities emerging from the rapid growth of the Macao bancassurance market and the robust development of the Guangdong-Hong Kong-Macao Greater Bay Area.
“We are thrilled with FWD’s creative strategy and pioneering product suite. As our customers’ lives regain normalcy, they will review their insurance and protection requirements, focusing on wealth accumulation, preservation, and legacy planning for future generations. This collaboration will augment CNCBI’s bancassurance offerings and create greater customer value,” Kan stated.
FWD’s Managing Director for Greater China and Hong Kong CEO, Ken Lau, expressed delight over the collaboration and affirmed support to CNCBI’s insurance distribution enhancement efforts in Macao.
He stated, “Our guiding vision is to change how people perceive insurance. With this alliance, we plan to deliver innovative, digitally-empowered products along with a seamless customer experience to CNCBI customers and Macao visitors, meeting their varied wealth management and legacy planning requirements.”
CNCBI, an essential offshore commercial banking platform of the CITIC Group, currently operates 24 branches and two business banking centers in Greater China, with a presence in key global cities like New York, Los Angeles, and Singapore.
This new partnership will undoubtedly bolster their commitment to their vision of agility, professionalism, and simplicity, thereby creating substantial value for customers.
Read more at InsuranceNewsAsia.com
BusinessNewsAsia