Prudential marks start of life insurance sales in Laos
Prudential marks start of life insurance sales in Laos
Prudential Laos is now distributing its products to customers of ACLEDA Bank Lao through the branch network, starting in Vientiane and expanding to the southern region by the end of this year before going nationwide in 2017.
Prudential has established a strategic and exclusive bancassurance partnership in Laos with ACLEDA Bank Lao, a reputable commercial bank with more than 40 branches across the country.
Staff from the two companies gathered in Vientiane last week to mark the granting of business licences and the official start of their operations in Laos.
The event was attended by Deputy Minister of Finance Mr Sila Viengkeo, the UK Prime Minister's Trade and Cultural Envoy Lord David Puttnam, British Ambassador to Laos Mr Hugh Evans, guests from local authorities and businesses, and Prudential's privileged customers.
Prudential opened its representative office in Vientiane in March 2015 and has since received a licence from Laos' Ministry of Finance to begin business operations.
Prudential Corporation Asia, part of the UK-based Prudential plc, has now started its life insurance business in Laos.
Operating here as Prudential Life Assurance (Lao) Company Limited (Prudential Laos), Prudential offers life insurance products that meet the protection and savings needs of the Lao people.
Prudential has been operating in Asia since 1923 and owns a pan-regional distribution platform that serves the diverse financial needs of Asian families in 13 markets.
Prudential Corporation Asia is a business unit of Prudential plc (United Kingdom), comprising its life insurance operations in Asia, and its asset management business, Eastspring Investments. It is headquartered in Hong Kong.
Prudential is a leading life insurer that spans 13 markets in Asia, covering Cambodia, Chin a, Hong Kong, India, Indonesia, Republic of Korea, Laos, Malaysia, the Philippines, Singapore, Taiwan, Thailand and Vietnam.
Prudential has a robust multi-channel distribution platform providing a comprehensive range of savings, investment and protection products to meet the diverse needs of Asian people.
