Chubb and Ban100 Partner to Provide New Insurance Products in Colombia

With a goal to focus on providing greater access to insurance in Colombia, Ban100, a banking establishment specializing in the drawdown market, and global insurer Chubb recently partnered to provide “new insurance alternatives linked to the offer of payday loans,” according to the companies.

Photo: Chubb’s Sunbury Cross, UK office.

In what the firms are calling a new alliance, Ban100 says they will offer a consolidated means for its customers to safeguard themselves against a range of risks, with insurance covering home, accident, funeral, and group life.

Ban100 and Chubb stated this this partnership serves to “ratify their commitment to bring financial inclusion and protection to the base segment of the population, especially in rural areas of the country, taking advantage of the insurer’s experience in omni-channel insurance distribution and digital integration capabilities through Chubb Studio.”

Héctor Chaves, president of Ban100, said the company is very proud of this new strategic alliance.

“It goes hand in hand with the purpose set for 2024 to benefit our customers through innovative and high-quality products,” he said. “This commitment to insurance will allow them to have a strengthened portfolio for their greater financial peace of mind and with which they will have professional advice and integrated services in order to be covered in the event of eventualities.”

Fabio Cabral, president of Chubb Seguros Colombia S.A., add that, “it fill us with pride…to accompany Ban100 in the implementation of its omnichannel distribution capabilities to provide an interconnected experience to its customers with products tailored to their needs and boost its growth in the digital insurance offer.”