Cambodia Investment Review
On Thursday, January 23, 2025, 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. 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 Mr. 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.”
Phillip General Insurance’s To Offer Insurance Protection
The partnership will empower Phillip General Insurance’s 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 tohers.
Mr. Jeffrey 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.”
Mr. 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.”
Provides Financial Protection Against Unforeseen Events
On the importance of general insurance in Cambodia, Mr. Jeffrey Chew stated, “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 decisions about their financial security, ultimately enhancing the overall resilience of our society.”
To celebrate this landmark partnership, all Hattha Bank customers who purchase personal auto vehicle insurance from Phillip General Insurance between January 23, 2025, and March 31, 2025, will receive an immediate 10% discount. This initiative not only provides a financial incentive but also serves as an important step towards raising awareness about the critical role insurance plays in safeguarding individuals and families across Cambodia.
