Hang Seng Bank, a principal member of the HSBC Group, has partnered with global insurer Chubb to provide its Hong Kong customers with a comprehensive range of personal and commercial general insurance products and solutions.

The 15-year distribution agreement will leverage Hang Seng’s digital capabilities and seamless omni-channel distribution network to provide customers with tailored insurance services.

Hang Seng said that its customers will also benefit from Chubb’s global insurance expertise, local market presence, deep product offering, digital distribution capabilities and claims service.

Details of the general insurance products and solutions to be offered to customers will be announced closer to the time when the new partnership arrangement comes into effect in July 2023.

Donald Lam, Head of Commercial Banking at Hang Seng said,

“Hang Seng and Chubb’s partnership will provide best-in-class general insurance products that create value and protection for our customers.

 

Building on our leading market position, Hang Seng will further expand its insurance business locally and explore growth opportunities in the Greater Bay Area.”

Scott Simpson, President of Chubb’s general insurance business in Hong Kong SAR and Macau SAR said,

“This partnership with Hang Seng Bank – the leading domestic bank in Hong Kong – creates an excellent opportunity to meet the protection needs of consumers and businesses in this dynamic market.

 

We look forward to working with Hang Seng Bank to co-create innovative and customised insurance solutions that will deliver value for customers and deepen their relationships with the bank.”