Phnom Penh, 15 November 2021 – Today Dai-ichi Life Insurance Cambodia and AMK Microfinance Plc. have jointly announced a long-term partnership to provide life insurance protection and savings to Cambodian people. The partnership, approved by the National Bank of Cambodia and the Ministry of Economy and Finance, will expand Cambodians' access to affordable life insurance services offered by a global Japanese insurer.
Mr. Kea Borann, Chief Executive Officer of AMK Microfinance said: “This Bancassurance partnership will provide an opportunity for AMK to be closer to our customers through free insurance consultation on Dai-ichi Life Cambodia’s wide range of protection, savings and health insurance products. We will make this service available at 50 branches in 2021 and expand further in coming years. I strongly believe that this partnership will allow AMK to expand and strengthen our products and services by offering highly secured financing to customers via specific financial management to avoid potentials risks in daily life. AMK always works with potential partners that are well recognized in the market with exceptional services, such as Dai-ichi Life Cambodia, which is Japan’s leading life insurer with over 120 years of experience and currently servicing more than 65 million customers globally.
Mr. Allen Thai, Chief Executive Officer of Dai-ichi Life Cambodia said: “We are excited about our partnership with AMK. We share a common goal in bringing quality and affordable life insurance solutions to AMK’s customers through its extensive nationwide branch and agent network. The partnership will help us build further scale and more diverse customer base.
About Dai-ichi Life Insurance
Dai-ichi Life Insurance (Cambodia) PLC. (“Dai-ichi Life”) is a subsidiary of Dai-ichi Life Holdings, Inc. (“DLHD”) which is a leading life insurer in Japan with more than 120 years of history. DLHD is A+ rated by the S&P and is listed on the Tokyo Stock Exchange.
Since its establishment in 1902, DLHD has been committed to stand by the side of our customers and their loved ones, for life, and make concerted efforts to deliver “Peace-of-mind” under our philosophy of “Customer First”. We contribute to local communities by passing on peace-of-mind through providing life insurance and related services.
* Dai-ichi Life Group has strong fundamentals, solid capital base with total assets of US$504 Billion and premiums of more than US$48 Billion. (as of March 31, 2019).
About AMK Microfinance Institution Plc
As of December 31, 2020, AMK’s nationwide network number of offices 149, number of staff 3,333 number of agents 5,540 agents and number of ATMs/CDMs64. AMK served a total of over one million client accounts through loans, deposit and micro-insurance products and processed more than 6.9 million money transfers and payments transaction.
Throughout its history, AMK’s commitment to its social goals has been absolute. AMK’s comprehensive social performance management framework ensures that the organization stays focused on its mission of assisting large numbers of low-income people. In 2018, AMK celebrated 15 years by welcoming a new shareholder: The Shanghai Commercial & Savings Bank.