CCB Asia, FWD launch enhanced bancassurance service with Open API

Customers can receive approval for their insurance policies in as fast as 1 working day.

China Construction Bank (Asia) and FWD have officially launched an Open Application Programming Interface (Open API) to bring customers an instant, secure and seamless bancassurance experience, the two companies announced in a press release.

With this, CCB Asia customers can receive approval for their insurance policies within a single day, with the related FWD policy may take effect within 1 working day at the soonest.

Alongside the adoption of Open API in all FWD products offered by CCB Asia branches, they have also launched the Easy WealthPlus Endowment Plan, a limited-time plan offering a guaranteed maturity return of 4% per annum.

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With a single premium payment, customers can plan their future with ease by enjoying the 8 years benefit term, CCB Asia and FWD said.

“The launch of this Open API-based service marks a new chapter for our ongoing service enhancement powered by fintech and lays a solid foundation for CCB (Asia)’s more innovative and efficient banking services going forward,” said Annie Chen, CCB (Asia)’s chief retail banking officer.

CCB (Asia) and FWD has been partners in the bancassurance business since 2007.