Logo of Phnom Penh Post newspaper Phnom Penh Post - Prudential and ACLEDA alliance sees over 200,000 insured in decade of protection

Prudential and ACLEDA alliance sees over 200,000 insured in decade of protection

Content image - Phnom Penh Post
Prudential Cambodia and ACLEDA Bank mark 10 years of their successful partnership. PHOTOS SUPPLIED

Prudential and ACLEDA alliance sees over 200,000 insured in decade of protection

Prudential Cambodia and ACLEDA Bank Plc on January 13 marked a decade of their successful partnership, having protected thousands of Cambodian families and helped numerous lives over the course of the alliance since joining forces back in 2013.

The “10 Years of Partnership” celebration at Sokha Hotel was presided over by Dr Hor Sovathana, Deputy Director General of the Insurance Regulator of Cambodia, and Heng Bomakara, Deputy Director General of Banking Supervision at the National Bank of Cambodia, Huy Vatharo, Chairman of the Insurance Association of Cambodia, Dr In Channy, President and Group Managing Director of ACLEDA Bank, and Sanjay Chakrabarty, the CEO of Prudential Cambodia.

The glittering occasion was also attended by top management including ACLEDA Bank Group Chief Operations Officer Dr So Phonnary and Prudential Cambodia Chief Distribution Officer Chee Weng Yip.

The annual event this year highlighted how Prudential Cambodia and ACLEDA Bank together achieved remarkable results in 2022, and demonstrated their outlook for 2023 strategic growth, with a commitment to reaching even more Cambodian families, helping them build better futures.

As of last December, the partnership had resulted in more than 200,000 customers and the approval of over $14 million in claims, highlighting the effectiveness of the partnership in protecting Cambodian families and helping them progress.

While this year marks a significant milestone for the partnership, with it reaching a decade of protecting and securing the financial futures of Cambodians, Prudential is also celebrating 175 years of providing life, health insurance and asset management worldwide.

Heng Bomakara, Deputy Director General of the Supervision Department General of the National Bank of Cambodia, said the partnership between Prudential and ACLEDA Bank has allowed for a wide range of insurance products and services to be offered to customers, catering to their specific needs.

The partnership was also the first to receive corporate agent model approval from the National Bank of Cambodia for providing insurance products and services.

Content image - Phnom Penh Post
(Left to right) Dr In Channy, Sanjay Chakrabarty, Dr So Phonnary and Chee Weng Yip. PHOTOS SUPPLIED

The collaboration has not only been beneficial for customers, but has also allowed for expansion into new markets and a strengthened position in the industry.

Dr Hor Sovathana, Deputy Director General of the Insurance Regulator of Cambodia, emphasised the importance of developing the Kingdom’s insurance sector, with it having been identified as an important source of investment.

The insurance products and services offered through the bancassurance partnership have helped increase access to insurance in Cambodia, which is essential for the financial wellbeing and security of individuals and families, she added.

Prudential Cambodia CEO Sanjay Chakrabarty expressed his gratitude to the Insurance Regulator of Cambodia and the National Bank of Cambodia for their support and guidance over the past decade.

He also highlighted the importance of digitalisation in the future of the partnership, with it set to continuously improve the customer experience and make it easier for people to access insurance coverage.

“As we reflect on the past 10 years, and the past 175 years of the history of Prudential, it is clear we have a strong foundation for continued success.

“I am confident that our partnership with ACLEDA Bank will continue to thrive in the years ahead,” Chakrabarty said.

Dr In Channy, President and Group Managing Director of ACLEDA Bank, said: “For the past 10 years, Prudential and ACLEDA Bank have been providing financial planning needs for Cambodians.

“We remain committed to developing financial markets, supporting key infrastructure projects in Cambodia and advancing financial inclusion through investing in digital capabilities while being responsible corporate citizens.”

MOST VIEWED

  • Bareknuckle champion wants Kun Khmer fighter

    Dave Leduc, who is the current openweight Lethwei boxing champion in Myanmar, has announced that he will travel to Cambodia this year to challenge SEA Games gold medallist Prum Samnang any time that is convenient, after their planned match later this month in Slovakia was

  • Five-year-old Hanuman dances his way into hearts of Cambodia

    A young talent from a new-established settlement has emerged, captivating the online world with his mesmerising performances of the traditional Cambodian monkey dance. Roeun Kakada is a five-year-old prodigy who has taken the social media sphere by storm with his exceptional dance skills and dedication

  • Fresh Covid warnings as Thai hospital fills

    A senior health official reminds the public to remain vigilant, as neighbouring countries experience an increase in Covid-19 cases, with the latest surge appearing to be a result of the Omicron XBB.1.5 sub-variant. Or Vandine, secretary of state and spokeswoman for the Ministry of Health,

  • Honda shutters Siem Reap football club

    Japanese football legend Keisuke Honda, the owner of Siem Reap football club Soltilo Angkor FC, has been forced to shut the club down, after it failed to attract sponsorship for the upcoming season. Honda, the former manager of the Cambodia men's national football team, said

  • PM declares ASEAN Para Games open

    The 12th ASEAN Para Games officially kicked off on the evening of June 3 at Morodok Techo National Stadium in Phnom Penh, with a spectacular opening ceremony featuring fireworks and performances by some of the Kingdom’s most accomplished talents. Tens of thousands of sports fans

  • Hun Sen warns of regional tensions

    ASIA is becoming a dangerous geopolitical hotspot, with several countries announcing that they intend to send naval vessels towards Southeast Asia and on to the South China Sea, warned Prime Minister Hun Sen. “Heated geopolitical issues can easily escalate, namely to war. I am not