Bred Bank And Sun Insurance Team Up To Launch Innovative Solution

April 30, 2016

BRED Bank(Fiji) Limited and Sun Insurance Company Limited have teamed up to launch a suite of innovative products to assist customers with banking and insurance services.

BRED Bank Chief Executive Officer, Frederic Reynaud said: “We are excited about this partnership; our clients can expect outstanding service and innovation solutions.”

He said customers can look foward to a wider access to insurances services in Fiji.

“This includes more innovative banking products to suite insurance products.,’’Mr Reynaud said.

“For example,  we provide car loans with insurance cover underwritten by SUN Insurance with additional features; passenger risk and third party property damage up to $1m, accidental death benefit of up to $5000.00, and flood and cyclone damages to vehicle’s without any additional premium,’’ he said.

Additionally, the two companies will be expanding their network activities and product range with the implementation of advanced information technologies.

Future Plans

Sun Insurance Company Limited, Chairman Padam Lala said: “Our database will be upgraded to Oracle 12c which will allow us to develop Fiji’s first insurance App which will make it easier for all clients of SUN to access our services.’’

“We hope that within the next 12 months we will be able to provide all BRED Bank branches access to our database and to be able to issue policies directly on the counter.

Mr Reynaud added that plans are underway to set up more ATM’s and EFPTPOs machines in the Suva and Nausori area with one recently opened at the Suvavou House.

The launching was held at the Grand Pacific Hotel on Thursday.

Source: Fiji Sun