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Vietnam's FPT teams with Allianz on digital insurance

New venture will cater to country's tech-savvy youth

FPT provides IT services to many multinational companies.   © Reuters

HO CHI MINH CITY -- Leading Vietnamese tech group FPT will launch a digital insurance venture in March with Germany's Allianz, pushing further into a growing market, a person familiar with the matter told the Nikkei Asian Review.

The new venture is based on a memorandum of understanding signed by FPT Chairman Truong Gia Binh and Allianz board member Sergio Balbinot on the sidelines of the World Economic Forum annual meeting in Davos, Switzerland, last month.

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