Chubb, a publicly traded property and casualty insurance company, has entered into a 5-year partnership with Vietnam Technological and Commercial Joint Stock Bank (Techcombank).
Chubb provides property and casualty insurance personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
The collaboration is one of the first General Insurance and Digital Banking partnerships of its kind in Vietnam.
Together Chubb and Techcombank will co-create innovative insurance solutions and products for Techcombank’s 10.8 million customers, under its digital general insurance business, TechCare.
Leveraging on the superior underwriting expertise and distribution capabilities of Chubb, TechCare aims to offer a convenient way for consumers in Vietnam to get protection tailored for their lifestyle needs.
TechCare Me is the first product launched under the new collaboration. It is a unique accidental product for Techcombank’s Inspire customers, young and digitally-savvy Vietnamese – as an in-path offering during their payment journey on Techcombank Mobile.
According to Techcombank, the partnership with Chubb reaffirms its position as a leader in the digital transformation of the banking industry in Vietnam and furthers its vision to Change banking, Change lives.
Edward Ler, Chubb’s Head of Southeast Asia, said, “As one of the fastest growth countries in Southeast Asia, Vietnam’s population is largely made up of young, smart and hardworking individuals and the country is also home to a large middle class. Techcombank is well-positioned to offer insurance protection to these consumers who are also digitally-savvy.
“We are really excited to partner with Techcombank to embed TechCare Me in their customers’ bill payment journey as a start. By continuing to leverage our strengths in product innovation and digital distribution, we are looking forward to helping Techcombank enrich their digital offerings and stay a step ahead of their customers’ needs.”
Earlier this year, Chubb named its new global climate business unit and appointed a leadership team for the unit.
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