In a concerted effort to enhance the well-being of Cambodian families, Forte Life Assurance (Cambodia) Plc. and New Generation School Preah Sisowath High School have inked a significant strategic partnership agreement on March 28, 2024. This momentous occasion unfolded in the presence of esteemed leaders from both institutions, including Mr. Youk Chamroeunrith, Chairman of Forte Insurance (Cambodia) Plc., Mr. Prou Sythan, CEO of Forte Life Assurance (Cambodia) Plc., and Mr. Huot Seanghay, Vice Principal of New Generation School Preah Sisowath High School, at Preah Yukanthor High School.
At the heart of this collaboration lies a shared commitment to safeguarding and furnishing financial planning solutions for Cambodia's public education system, notably the burgeoning New Generation School Preah Sisowath High School. A pivotal aspect of this strategic partnership agreement is the unwavering support pledged to Cambodia's education sector, aligning seamlessly with Forte's overarching mission to nurture and fortify the nation's human capital—the bedrock of Cambodia's future.
"Today marks yet another significant milestone as Forte Life Assurance embarks on a strategic partnership with the New Generation School Preah Sisowath High School (NGS), under the esteemed patronage of His Excellency Dr. Hang Chuon Naron, Deputy Prime Minister and Minister of Education, Youth, and Sports. It is noteworthy that Forte has long been engaged in collaboration with the Ministry of Education, Youth, and Sports, offering expertise, financial support, and developmental aid in the realm of education," emphasized Mr. Youk Chamroeunrith, Chairman of Forte Insurance (Cambodia) Plc.
Mr. Youk Chamroeunrith further underscored, "Seizing this moment of pride, we wish to underscore our dedication to extending protection to individuals across all strata of society, particularly those with modest means. Historically, our insurance coverage has predominantly catered to the middle class and above. Over the course of 25 years, Forte has garnered a commanding 45% share of the general insurance market, with projections to extend life insurance coverage to approximately 84,000 Cambodian families by 2023."
Mr. Prou Sythan, CEO of Forte Life Assurance (Cambodia) Plc., remarked, "We are immensely honored and gratified to join hands with New Generation School Preah Sisowath High School, a public institution born out of profound reforms in the education sector. Our heartfelt gratitude goes to the Board of Management of New Generation School Preah Sisowath High School (NGS) for selecting Forte Life Assurance as their exclusive strategic partner, entrusted with providing life insurance solutions to our esteemed teachers, students, and their families or guardians. Through this strategic partnership agreement, we envisage an extensive array of benefits for educational institutions, educators, and parents or guardians, encompassing health and financial well-being. We remain steadfast in our commitment, past and future, to offer a diverse range of innovative products, educational supplies, and resources, thereby contributing to the evolution of the education sector and nurturing the aptitudes and talents of our students—the future leaders of Cambodia, in consonance with the strides made in sustainable digital technology."
Mr. Huot Seanghay, Vice Principal of New Generation School Preah Sisowath High School, lauded Forte Life Assurance's esteemed standing as the best domestic life insurance provider. Expressing profound confidence in the transformative impact of this strategic partnership agreement, the Vice Principal remarked, "This collaboration promises to not only benefit the school itself but also extend innovative financial solutions to the families of our students and teachers, tailored to their specific needs and circumstances."
