Prudential Thailand announces partnership with CIMB THAI AUTO

Stocks and Financial Services Press Releases Thursday August 30, 2018 12:27
Bangkok--30 Aug--Prudential Life Assurance

Prudential Life Assurance (Thailand) Public Company Limited ("Prudential Thailand"), a subsidiary of UK-based Prudential plc, and CIMB THAI AUTO Co., Ltd ("CIMB THAI AUTO"), a subsidiary of CIMB Thai Bank, have established a partnership to jointly develop and provide insurance solutions for CIMB THAI AUTO's auto leasing customers.

The partnership will provide CIMB THAI AUTO's customers with access to Prudential Thailand's auto loan protection and credit life insurance products through licensed brokers stationed at CIMB THAI AUTO's branches across the country.

Aman Chowla, Chief Executive Officer of Prudential Thailand, said, "We are proud to partner with CIMB THAI AUTO, the leading auto leasing company in Thailand. This partnership enables us to leverage our expertise in credit life insurance solutions to serve the insurance needs of CIMB THAI AUTO's customers. In addition, it reinforces our commitment in providing peace of mind to as many Thai people as possible, as well as help narrow the protection gap in the country."

Adisorn Sermchaiwong, Chairman of CIMB THAI AUTO, said, "CIMB THAI AUTO has grown to become one of the leading auto leasing companies in Thailand with a continued commitment to delivering excellent auto leasing solutions and services to our customers, having disciplined strategy execution, and reducing loan approval turnaround time, supported by cutting-edge technology and expertise of working teams with long-time experience in used car auto leasing. Despite the tough competition in many areas in the market, we are able to grow our market share as planned, thanks to good collaboration and relationship with our partners. With Prudential's global expertise and reputation as a world-class insurance service provider, our customers will be able to enjoy greater access to the appropriate credit life insurance products that serve their protection and financial needs."

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