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HSBC, Bao Viet launch new insurance services
The Hong Kong-Shanghai Banking Corporation (HSBC) joined forces with the Bao Viet Insurance Corporation to launch a new range of property and key personnel insurance services on November 17.
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 two sides have previously cooperated in providing a range of life, non-life and cargo insurance products.
The Property Insurance provides cover 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.
HSBC is the leading foreign bank in Vietnam , and 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.
VNA
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