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Bảo Việt signs co-operation agreement with Seabank

Update: March, 01/2017 - 15:30
Leaders of Bảo Việt Insurance Corporation and the Southeast Asia Commercial Joint Stock Bank shake hands at the signing ceremony of two sides’ co-operation agreement held on Wednesday in Hà Nội. — Photo to courtesy of SeaBank
Viet Nam News

HÀ NỘI — Bảo Việt Insurance Corporation (Bảo Việt) and the Southeast Asia Commercial Joint Stock Bank (SeABank) signed a comprehensive co-operation agreement in Hà Nội on Wednesday.

Leaders of the bank and the corporation said the agreement, which was signed by Việt Nam’s two leading financial institutions, aimed at strengthening the partnership and making the most of the two parties’ advantages, experience and professional capacity.

Under the agreement, the two sides will implement insurance partnership programmes, prioritising the use of their products among customers while enhancing cross-selling products and services and developing co-operation in marketing.

Also under the deal, the firms will soon introduce SeACar Care, an integrated package comprising of SeaBank’s lending services applicable for auto products, along with Bảo Việt’s insurance services to provide customers with a new financing insurance solution.

In 2016, Bảo Việt saw a growth rate of above 12 per cent against the same period of 2015. Its 2016 revenue was estimated to reach VNĐ6.8 trillion (US$297 million), accounting for nearly 20 per cent of the total insurance market share.

SeABank is currently a strategic partner providing financial, banking and lending services for many leading auto brands, such as Mercedes-Benz, Thaco Trường Hải, Hyundai Thành Công and Kia, as well as Mazda and Toyota. — VNS

 

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