OCBC and FWD Insurance Signed Agreement for Bancassurance to Strengthen Business Partnership

10 Sep 2024

Jakarta, 9 September 2024 — PT Bank OCBC NISP Tbk (“OCBC”) strengthens its partnership with PT FWD Insurance Indonesia (“FWD Insurance”) by signing the partnership agreement for insurance product through bancassurance distribution channel for OCBC customers.

Desy N. Widjaya President Director of FWD Insurance stated that “We offer comprehensive protection solutions to meet the needs of OCBC customers, providing a seamless and enjoyable insurance experience aligned with our vision of changing the way people feel about insurance.”

Responding to the signing partnership agreement between FWD Insurance and OCBC, Juky Mariska as Wealth Management Head at OCBC expressed “At OCBC, we see ourselves as partners to our customers, striving consistently to offer a range of value-added products that can serve as the best financial solutions to our customers. This includes procuring innovative products like comprehensive insurance solutions. We integrate a sophisticated digital ecosystem in marketing and access to information and services, and synergize with FWD Insurance to optimize protection according to the specific needs of customers.”

The partnership agreement signing ceremony between FWD Insurance and OCBC was attended as well by Huynh Thanh Phong - Group Chief Executive Officer and Executive Director FWD Group, Binayak Dutta - Managing Director FWD Group, Andrae Krishnawan W – Director OCBC, and Johannes Husin – Director OCBC.

Through this agreement, Irene Dewi, Chief Bancassurance Officer FWD Insurance added, “FWD Insurance provides insurance products such as FWD Treasury Legacy Protection featuring key benefits of whole life protection, preparing for pension fund as well as inheritance; and FWD Multiple Protection for critical illness protection. These products are available at OCBC branch offices nationwide through FWD Insurance Insurance Consultants”.

As a customer-led and digitally-enabled life insurance company, FWD Insurance is committed to providing excellent products and services, as well as supporting the expansion of financial inclusion, making it easier for Indonesian people to access insurance products.

About OCBC
PT Bank OCBC NISP Tbk ‘OCBC’ was established in Bandung in 1941 under the name Nederlandsch Indische Spaar en Deposito Bank. Over its 83 years of journey, the Bank has undergone several name changes, from 'Bank NISP' to 'Bank OCBC NISP', and 'OCBC' on November 14. 2023. As of June 30, 2024, OCBC serves customers through 200 office networks in 54 cities in Indonesia. Furthermore, customers could conduct transaction through the Bank's 492 ATM, more than 90.000 ATM networks in Indonesia, and connected to more than 580 OCBC Group ATM networks in Singapore and Malaysia. OCBC also serves customers through various digital channels, including mobile banking and internet banking – both for individuals and corporations. OCBC is one of the banks with the highest credit ratings in Indonesia, namely AAA(idn)/stable from PT Fitch Ratings Indonesia.

Brand & Communication Division, OCBC
OCBC Tower, Jl Prof Dr Satrio Kav 25, Jakarta 12940
Tel: 021- 25533888; Fax: (62)-021-57944000
Email: brand.communication@ocbc.id
Website: www.ocbc.id

Aleta Hanafi
Division Head
aleta.hanafi@ocbc.id,
Mobile: 62-8119860068
Chandra Novita
Publicist
chandra.novita@ocbc.id,
Mobile: 62-8111071069

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