FWD to invest in Indonesia's BRI Life

Existing BRI Life customers will not be affected by the investment.

FWD Group has entered into a conditional share subscription agreement to invest in a minority stake of BRI Life, the life insurance arm of Bank BRI, the company announced in a press release.

Following this, BRI Life will enter into a 15-year life insurance distribution agreement with BRI.

Existing BRI Life customer policies will not be affected by the investment, and customers will continue to receive their protection, benefits and services in accordance with the terms of their policies, FWD assured in the announcement.

Following this investment, FWD said that it plans to work closely with BRI as part of the partnership and contribute to the management and transformation of BRI Life into a leading life insurance company in Indonesia.

FWD’s agreement to invest in BRI Life follows its recent acquisition of PT Commonwealth Life and the signing of a 15-year distribution partnership with PT Bank Commonwealth in Indonesia.

Photo by Oleg Magni from Pexels

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