Zurich Insurance Malaysia and Bank of China signs Memorandum of Understanding
– Zurich Insurance Malaysia Berhad and Bank of China today signed a memorandum of understanding (MOU) to forge a beneficial business relationship to further explore bancassurance opportunities in Malaysia. The signing took place at its headquarters in Menara Zurich.
This MOU commits Zurich Insurance Malaysia to work together more closely with Bank of China, towards our common aspiration to further grow each respective business. With this commitment, Zurich is dedicated to helping Bank of China to expand and provide comprehensive financial solutions to Malaysians.
Zurich has over 40 years of experience in the Malaysian market, and significantly more know-how in the Asian region, Europe, and Latin America. Zurich can provide the right guidance and surety which will be significant in Bank of China’s business expansion here in Malaysia.
The signing of the MOU between Bank of China Chief Executive Officer, Wang Hongwei (Mr.) and Zurich Insurance Malaysia Chief Executive Officer, Trevor Bull; was witnessed by Bank of China Deputy Director of Corporate Banking Department, Phelicia Ding Huey Chyi and Zurich Insurance Malaysia Chief Marketing Officer, Christine Cheu. Also present at the ceremony was Bank of China Deputy Chief Executive Officer, Liu Nengsheng ( Mr.) together with members of Bank of China Management Team and Zurich Management Team.
Speaking at the signing ceremony, Trevor Bull explained that the MOU between Zurich and Bank of China will enable both parties to expand their footprint in the Malaysian market.
“Through our combined efforts and commitment, we will be able to achieve more and be able to continue to develop a distribution model and propositions that align with Bank of China’s overall strategy. Zurich Insurance Malaysia will do whatever we can in order to provide a successful implementation of this MOU”, added Trevor.
Media Relations
Yana Rahman
Media Relations
Maryam Zainol
Zurich Insurance Group
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 55,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 215 countries and territories. Zurich's customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com
Zurich Insurance Malaysia Berhad
Zurich Insurance Malaysia Berhad (ZIMB), as part of Zurich Insurance Group, is an established composite insurer headquartered in Kuala Lumpur with a nationwide presence of approximately 40 branches throughout Malaysia. ZIMB caters to the protection, savings and investment needs of Malaysians by offering a wide range of general and life insurance solutions through its diverse distribution channels. With more than 1,000 dedicated employees supported by a wide network of Life and General Insurance agents, ZIMB is committed in helping customers and other stakeholders understand and protect themselves from risk. Zurich is uniquely positioned within the Malaysian insurance market where it offers a full range of insurance solutions also covering Shariah-compliant products of Family Takaful as well as General Takaful through its sister company, Zurich Takaful Malaysia Berhad. Further information about Zurich in Malaysia, please visit www.zurich.com.my