Mr Nguyen Mau Hung Minh (sixth from left) and Mr Souliyo Vongdala shake hands after signing an agreement in Vientiane on November 27.

BSH Lao Insurance, Loca Laos sign strategic partnership

BSH Lao Insurance Co., Ltd and Loca Lao Company Limited (Loca Laos) recently signed a comprehensive cooperation agreement.
The ceremony was held in Vientiane on November 27.
Those attending the ceremony include the Vice President of BSH Lao Insurance, Mr Anolath Phanvongsa; Chief Executive Officer, Mr Nguyen Mau Hung Minh and the CEO of LOCALAOS, Mr Souliyo Vongdala, along with representatives from the two companies.
Under this partnership agreement, LOCA’s electric taxis, drivers and passengers will be insured by BSHS Lao Insurance’s special insurance products which are  specifically designed for LOCA.
In addition, customers using LOCA’s ride-hailing service will immediately receive special privileges when registering for BSHS Lao insurance on the LOCA app.
Mr Nguyen Mau Hung Minh said the partnership with LOCA is an important step in our development strategy. BSH Lao Insurance is committed to working with LOCA to bring a modern experience, good insurance, the most suitable and covered for both drivers and passengers.”
The CEO of LOCALAOS, Mr Souliyo Vongdala added “this partnership is just the beginning and both parties will continue to collaborate more deeply and practically in the future. We look forward to creating greater value for the community and customers through this strategic integration approach.”
BSH Lao Insurance Co., Ltd is located at No 184, Saylom Street, Hatsady village, Chanthabouly district, Vientiane.
Established in 2016.
BSHLao Insurance Co., Ltd  the Joint-Venture between Saigon-Hanoi Insurance Corporation (100 percent Vietnamese Capital) and S-tech Development Co,. LTD (100 percent Laos Capital).
The company is one of the  leading general insurance providers in Laos, committed to delivering innovative insurance solutions tailored to the diverse needs of individuals and businesses.
The company offers a wide range of insurance solutions, including motor insurance,  property Insurance, health insurance and others.
The companies’ key strengths include expertise and experience with a team of seasoned professionals with in-depth industry knowledge, customer-centric approach as well as local insight, global standards, along with fast and reliable claims processing.
Meanwhile, LOCALaowas first established in 2018 as the first taxi online platform in Laos. It is Laos’s largest EV fleet. As the only licensed Laos-based ride-sharing service, we provide convenient, sustainable, and environmentally-friendly transportation options. Our transparent pricing, strict driver selection process, and 24/7 customer service ensure safety, fair income for drivers, and a seamless experience for customers, all while reducing carbon emissions for a greener future.

Representatives from the two companies participated in the ceremony for a comprehensive cooperation agreement in Vientiane recently.

By Advertorial Desk
 (Latest Update December 12, 2024)