Bank of Communications (Hong Kong) and FWD Hong Kong celebrate 20 years of bancassurance partnership

Partnership deepened fintech collaboration to enhance bancassurance experience with diversified insurance solutions
 
Bank of Communications (Hong Kong) (“BOCOM (HK)”) and FWD Hong Kong (“FWD”) celebrate the 20th anniversary of their long-term partnership, marking a new milestone for this successful long-standing bancassurance collaborations. The partnership will be extended with a focus on enhancing fintech collaboration and capturing wider opportunities, to actively provide diversified financial planning and protection services to a wider Hong Kong and cross-border customer base and continue changing the way people feel about insurance.

Meng Yu, Chief Executive Officer of Bank of Communications (Hong Kong), said: “BOCOM (HK) and FWD have established a successful bancassurance business for years. Products such as our co-brand credit cards integrated with insurance concepts, have been well-received by the market. Technology has been reshaping customers' expectations for bancassurance services. FWD's unique advantages in insurtech expedite the processes and shorten the time involved in premium payments, offering a more convenient and efficient digital insurance service to our customers. Together, we look forward to expanding our bancassurance market share, meeting the market demands more extensively, and delivering greater values for our customers.”

Ken Lau, FWD’s Managing Director for Greater China and Hong Kong CEO, said: “We share the same vision as BOCOM (HK) and are committed to providing innovative and comprehensive financial planning and protection solutions. We’re truly thankful for their enduring trust in us, enabling us to introduce a wide range of quality protection and an innovative digital experience to their extensive customer network. BOCOM (HK) has a leading position in cross-border financial services and we believe this will allow us to capture the vast opportunities by providing comprehensive wealth management and protection services to more customers.”

The partnership between BOCOM (HK) and FWD commenced in 2002. Together, the two companies have launched an innovative and simple online insurance service, co-brand credit cards with insurance concepts, such as the “Bank of Communications FWD CUP Dual Currency Credit Card” and the “Bank of Communications FWD Credit Card”. The “Bank of Communications FWD CUP Dual Currency Credit Card” allows customers to earn bonus points and rebate upon premium payments, and to enjoy premium discounts and instalment plans for FWD’s insurance products. These multiple benefits make protection easier and cost-effective for customers.

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About FWD Hong Kong & Macau

FWD Hong Kong & Macau are part of the FWD Group, a Pan-Asian life insurance business with approximately 10 million customers across ten markets, including some of the fastest-growing insurance markets in the world.

It offers life and medical insurance, employee benefits, and financial planning. FWD Macau provides a suite of life and medical insurance.

FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD is committed to changing the way people feel about insurance.

For more information about FWD Hong Kong & Macau, please visit WWW.FWD.COM.HK and WWW.FWD.COM.MO.