Cambodia Investment Review
In a move to solidify their presence in Southeast Asia, leading life and health insurer Prudential and Asia’s top food and grocery delivery platform, foodpanda, have announced a strategic partnership to extend their services across Cambodia, Laos, and Myanmar.
As part of the partnership, Prudential will design and offer a range of digital insurance products to foodpanda’s various stakeholders, including business partners and customers. This move signifies the companies’ shared ambition to leverage each other’s strengths, deliver tailored digital solutions, and create better value for all involved parties.
Harness digital innovation to advance financial protection
“This collaboration establishes a new benchmark for partnerships that harness digital innovation to advance financial protection,” said Sanjay Chakrabarty, CEO of Prudential Cambodia. “We are eager to integrate with foodpanda’s far-reaching digital network, ensuring that our customer-centric & omni-channel approach to digital insurance solutions is readily available to its stakeholders.”
Zeyar Mynn, CEO, foodpanda – Cambodia – Laos – Myanmar Cluster, asserted that this MOU marks a historical moment, initiating a strategic partnership with Prudential for the CLM markets. “foodpanda, as a leading food delivery company, constantly aims to improve welfare and provide better services for our partners and customers. We believe this partnership will significantly benefit our stakeholders by offering them easy access to Prudential’s digital insurance solutions.”
The joint effort represents a significant leap towards a more integrated digital landscape where financial protection and essential services seamlessly converge. This continued innovation and commitment to enhanced digital solutions from both organizations mark a new milestone in customer service.
Offer more benefits to its stakeholders and expand its operations
Since its inception in 2013, Prudential Cambodia has grown into one of the largest life insurers in the country, providing custom solutions to over 321,000 customers. In partnership with Prudential plc, it promotes financial inclusion, makes healthcare affordable and accessible, and helps people get the most out of life.
Meanwhile, foodpanda, which entered the Cambodian market in 2019, has quickly established itself as a leading online food delivery and grocery company. By helping restaurant and shop owners digitally transform their businesses, foodpanda brings customers closer to their favorite establishments, thereby significantly improving the quality of its service. With the strategic partnership with Prudential, it aims to offer even more benefits to its stakeholders and expand its operations in the region.
