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HO CHI MINH CITY, Vietnam, Dec. 29, 2023 /PRNewswire/ — Cathay Insurance Vietnam has partnered with SAWAD to launch an exclusive “Dual Finance” program that allows consumers to apply for MonetaryArray while purchasing mandatory insurance separately. through a streamlined process. Cathay will launch a private injury insurance plan in December to meet consumers’ dual desires for monetary facilities and auto insurance.
The strategic collaboration combines the strengths of both companies to provide Vietnamese consumers with must-have coverage against car and personal accidents when they stop at any of the more than three hundred SAWAD outlets across the country. Thanks to this built-in offering, an average of 1,000 insurance contracts have been sold per month since its launch.
“We are excited to partner with SAWAD on this new cutting-edge offering,” said Ming, I-Ching, President of Cathay Insurance Vietnam. “Along with the custom commercial edition of our virtual insurance tool, Smart Agent Go (SAG), which Cathay evolved for this cross-industry collaboration, we have also aligned our back-end formula operations to business processes to deliver more effective operations and a hands-on virtual insurance experience.
Ittiwud Lurngnateetape, Managing Director of SAWAD, added: “We thank Cathay Insurance Vietnam for enabling this partnership. In addition to combining mandatory motorcycle and auto insurance and personal injury insurance with monetary services, we also expect both brands to launch more discounted cutting-edge products. Monetary solutions, expanding the price of visitors in the future.
Cathay Insurance Vietnam has been thrilled success in its operations and continued to urge digital transformation, including revamping official website to enhance customer’s digital purchase experience by 2021. Since then, it has also developed the insurance agent-exclusive ‘Smart Agent Go (SAG)’ digital platform to resolve pain points of inefficient processes and considerably shorten service response time. SAG currently processes over 500,000 policies annually. Cathay also received the “Excellent Contribution Award” from the Vietnamese Ministry of Finance for its outstanding contributions to the Vietnamese insurance market.
About Cathay Insurance Vietnam
Celebrating more than a decade of operations in Vietnam, Cathay Insurance established its Vietnamese subsidiary in 2010. Of the 31 asset and casualty insurance corporations operating in the Vietnamese market, Cathay ranks seventh among the 14 foreign-invested providers. Headquartered in Ho Chi Minh City with a branch in Hanoi, the company leverages the Group’s local expertise and comprehensive distribution resources (Cathay Life Insurance Vietnam, Cathay United Bank Ho Chi Minh City branch and Indovina Bank) to provide best in class service. Taiwanese and Vietnamese corporations Retail and advertising clients.
For more details about Cathay Insurance Vietnam, please visit the official online page at https://www. cathay-ins. com. vn/.
About SAWAD
Sawad Tien Co Ngay JSC was established in 2016 and as one of the subsidiaries of International Holding Financial Group – 100% of the capital Thailand firm. Currently, the International Holding Financial Group is operating up to 6,000 branches across Southeast Asia. And in Vietnam, Sawad grows up 450 branches with 2,000 employees extended from the North side of Vietnam to the Mekong River.
Official Website: https://www.sawadvietnam.com/Address of the headquarter: 457 Truong Chinh, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City, Vietnam
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SOURCE Cathay Financial Holdings Co. , Ltd.