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Phillip
General Insurance, a member of PhillipCapital Group, marked a significant
milestone by officially launching its bancassurance partnership with Hattha
Bank at the Shangri-La Hotel in Phnom Penh, yesterday.
This strategic partnership with
Hattha Bank, one of Cambodia’s leading financial institutions, is a testament
to the company’s unwavering commitment to enhancing customer financial security
and well-being.
“We are proud to embark on this
transformative partnership with Hattha Bank, leveraging our collective
expertise to revolutionize the insurance landscape in Cambodia,” said Jeffrey
Chew, CEO of Phillip General Insurance.
“This collaboration will not only
provide Hattha Bank customers with unparalleled insurance solutions but also
drive growth, increase financial inclusion, and foster economic stability in
the Kingdom. We are confident that this partnership will become a benchmark for
bancassurance in the region,” Chew said.
The partnership will empower Phillip
General Insurance to offer insurance protection solutions with quality service,
ensuring enhanced financial security and peace of mind for the bank’s
customers.
Hattha Bank and their customers can
look forward to a comprehensive suite of insurance options, including motor
insurance, personal accident, travel, health insurance among others.
Chew underscored the importance of
this partnership by asserting, “Our insurance expertise is specifically
designed to meet the unique financial needs of both Cambodian citizens and
expatriates alike. We believe that insurance plays a vital role in promoting
financial stability, reducing the impact of unforeseen events, and fostering a
sense of security and confidence in the community.”
Min Sopha, CEO of Hattha Bank, shared
his enthusiasm about the partnership, highlighting its potential to drive
innovation and growth in the insurance sector. “We are excited to join forces
with Phillip General Insurance to bring the benefits of insurance to our
customers. This partnership demonstrates our commitment to providing a
comprehensive range of financial solutions that cater to the evolving needs of
Cambodian consumers.”
On the importance of general insurance in Cambodia, Chew said, “General insurance is crucial in Cambodia, as it provides financial protection against unforeseen events such as disasters, accidents, and illnesses. By promoting general insurance, we can reduce the financial burden on individuals and families, fostering a more secure and stable community. Furthermore, increasing awareness of insurance can empower citizens to make informed
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