About BNP Paribas Cardif - Country Information  

 

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1. Korea 

Cardif Life Korea: CPI Pioneed & VUL innovator in Korea

 

Who are you? VUL Innovator in Korean Banca since 2002 / CPI Pioneer in Korea since 2002 with the provision of the different CPI to various type of partners.

How big are you? Our asset over 3.6 billion euros with almost 100,000 policy cases

What is your distribution? 12 bancassurance partners with 4,233 branches in Korea and 7 specialized CPI partners including Loan-oriented General Agency(Broker Channel), Auto Capital, Saving Banks, Card companies, etc

What products and services to you sell? All type of loan-related insurance including mortgage, car, and credit. + Definitely innovative concept of VULs with structured funds (ELS ,ETF) and health insurance

What makes you unique in the market? We are known as a pioneer in CPI market: we differentiate our offer and strengthen expertise with the digital solution(e-subscription) which provides ‘Smart’ and ‘Friendly’ customer experience for the smooth CPI customer journey.

Also known as a VUL innovator: we offer the unprecedented product including ELS and ETF which could be the new solution for low-interest era, which allows us to get high reputation with customer centricity and market innovation

What main topics could benefit from startup collaboration? To provide smoother customer journey and good experience with all type of partners in loan business and to develop cost-effective distribution model, automated solution is required to cover each step of subscription; Under Writing, Claims, Certificate, etc

<Glossary>
VUL (Variable Universal Life Insurance): An insurance product that combines the benefits of variable insurance, which changes the insurance
money according to the fund management return, and the universal insurance, which is free to pay premiums and withdraw funds
CPI (Creditor Protection Insurance): An insurance product which pays off the policyholder’s outstanding loan balance if the policyholder meets an
unexpected death or permanent disability
ELS (Equity Linked Securities): Hybrid securities guaranteeing a fixed coupon rate according to the performance of the underlying assets
ETF (Exchange Traded Fund): A market listed fund that tracks the performance of the specific index or asset 

 

 

 

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2. Japan

Cardif Japan: a world class mortgage insurance innovator

 

 

Who are you? Market leader in Japan for Mortgage Insurance since 2000

How big are you? We collect over 450 million Euros premium, and we have almost 1 million customers

What is your distribution? Over 60 mortgage banks in Japan

What products and services to you sell? Clearly mortgage insurance, but also insurance for all types of loans including car and educational loans. Also various health and children’s insurances

What makes you unique in the market? We are known for our innovation: we are consistently first with new products, we create unique digital solutions and we always focus on designing our services around customer’s changing needs.

What main topics could benefit from startup collaboration? We want to better connect insurance to customer life events. We want to make the whole insurance customer journey effortless, from learning, though advice, application and claims.

 

 

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3. Taiwan

Cardif Taiwan: the different format

 

Cardif Assurance Vie, Taiwan Branch is a subsidiary of BNP Paribas Cardif. It offers a range of savings and protection insurance products and is a market leader in unit-linked insurance and creditor insurance products.

The company currently has over 400 employees and has formed partnership with more than 20 financial institutions in Taiwan. Cardif Assurance Vie, Taiwan Branch’s gross written premiums recorded over NT$60 billion and won the Best Product Innovation Merit Award in the "Insurance Faith, Hope & Love Awards" for last few years.

Cardif Assurance Vie, Taiwan Branch has strong commitment to Corporate Social Responsibilities. For many years, it has provided support to a variety of environmental protection, financial education, and community support activities. It also received the Best CSR Merit Award in the "Insurance Faith, Hope & Love Awards" in last few years.

www.cardif.com.twr for Mortgage Insurance since 2000