CNP Seguradora, a subsidiary of CNP Assurances in Brazil, has won the tender for the exclusive 10-year distribution of its products in the network of Correios, the Brazilian post office. This new agreement forms part of the Group’s ambition to develop the open model in Brazil.
Under the terms of this agreement, CNP Seguradora’s insurance products will be exclusively distributed at 6,900 points of sale located in over 5,500 of the Correios network’s locations in Brazil, for a period of 10 years.
CNP Assurances, Brazil’s third-largest insurer, is continuing its expansion in the country by drawing on two distribution models:
- A long-standing and exclusive partnership with Caixa Econômica Federal, within Caixa Vida e Previdência, Caixa Consórcio and CNP Seguros Holding
- An open model with CNP Seguradora, its wholly-owned subsidiary distributing personal risk-healthcare, dental care, savings and consórcio products together with various partners
Chief Executive Officer of CNP Assurances:
“This new agreement, for the exclusive distribution of CNP Seguradora’s insurance products in the Correios network for 10 years, enables us to consolidate our open model strategy in Brazil. CNP Assurances Group wants to develop this distribution channel alongside the model linked to our long-term strategic partnership with Caixa Economica Federal.”