Cambodia Investment Review
Forte Insurance (Cambodia), Forte Life Assurance (Cambodia) Plc., and Oriental Bank Plc. have officially launched a strategic partnership aimed at offering integrated financial solutions to Cambodian customers. The collaboration combines banking, insurance, and innovative financial products designed to improve financial security and support the economic well-being of individuals and businesses across the country.
The partnership was marked by a ceremony attended by key executives from the three organizations, including Mr. Prou Sythan, CEO of Forte Life Assurance, Mr. Suy Channtharong, CEO of Forte Insurance, and Datuk Phan Ying Tong, CEO of Oriental Bank. The event, which also hosted senior representatives and customers, underscored the shared commitment to innovation and customer satisfaction.
Mr. Suy Channtharong, CEO of Forte Insurance, highlighted the long-standing presence of the company in Cambodia’s insurance industry. “Forte Insurance has been at the forefront of Cambodia’s insurance industry for over two decades, offering a wide array of solutions from Micro and Agri insurance to Travel, Construction, and Auto insurance. Partnering with Oriental Bank is a testament to our shared values of trust and innovation. Together, we can bring even greater assurance to our customers, whether they’re protecting their families, businesses, or future endeavors,” said Mr. Channtharong.
Digital Innovation In Financial Services
The partnership also emphasizes digital innovation in financial services. Datuk Phan Ying Tong, CEO of Oriental Bank, emphasized the importance of technology in modernizing Cambodia’s financial landscape. “At Oriental Bank, we are dedicated to modernizing Cambodia’s financial landscape through technology and customer-first solutions. Partnering with Forte Insurance and Forte Life Assurance, the leading names in the insurance sector, is an incredible milestone for us. Together, we will introduce groundbreaking financial solutions that merge the best in banking, insurance, and digital innovation,” he said.
Read More: Forte Celebrates 25th Anniversary With Market-Leading Position In Cambodia
For Forte Life Assurance, the strategic collaboration enables an expanded reach in the life insurance sector. Mr. Prou Sythan, CEO of Forte Life Assurance, emphasized the strong alignment between the organizations. “At Forte Life Assurance, our mission is to safeguard the future of families and individuals through comprehensive life insurance solutions. This strategic partnership with Oriental Bank allows us to expand our reach and drive further innovation,” stated Mr. Sythan.
This collaboration reflects a shared commitment to providing comprehensive financial solutions that meet the diverse needs of customers. Forte Insurance and Forte Life Assurance are recognized for their wide range of offerings, while Oriental Bank focuses on integrating digital solutions into Cambodia’s financial ecosystem. Together, they aim to deliver a seamless experience for customers, providing both banking and insurance services under one roof.
Oldest and Largest Insurance Group In Cambodia
To celebrate the partnership, the leadership teams from the three companies visited the SOSORO Museum before the launch ceremony. The museum offers a unique look into Cambodia’s history, particularly the intersection of money, economics, and politics, serving as a reminder of the importance of collaboration in shaping the country’s future.
Founded in 1999, Forte Insurance is the oldest and largest insurance group in Cambodia, offering both general and life insurance in Cambodia and general insurance in Laos. The company is a preferred partner for multinational insurers and continues to lead the market with its broad portfolio of insurance products. Forte is also recognized for its focus on employee development, offering a collaborative work environment and opportunities for growth.
The partnership marks a significant step forward in Cambodia’s financial and insurance sectors, with the three organizations working together to offer integrated solutions that enhance financial security for Cambodians.
