HSBC, Bao Viet Jointly Introduce New Insurance Services
The Hong Kong-Shanghai Banking Corporation (HSBC), a leading foreign bank in Vietnam, has cooperated with the Bao Viet Insurance Corporation to launch a new range of property and key personnel insurance services.
The cooperation is the latest stage in the two corporations’ strategy to diversify the range of insurance products on offer, aiming to provide cover to protect the operations of business customers.
The Property Insurance provides insurance services for businesses in case of sudden property losses as a result of fire, theft or equipment breakdown.
Meanwhile, the Key Personnel Insurance is designed to protect enterprises from the loss of key personnel, such as owners, directors or any other members of staff with significant influence on their business operations.
The launch of these new services is expected to help Bao Viet to consolidate its position as the major player in the Vietnamese insurance market.
HSBC and Bao Viet have previously partnered in providing a range of life, non-life and cargo insurance products. (Vietnam Economic Times)
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