CNP Assurances has announced the signing of a ten-year non-exclusive agreement in Brazil between Caixa Seguradora and Brazilian Post Office Correios for the distribution of capitalization and dental insurance products.
As the operator of Brazil’s national postal service, Correios is a state-owned company that provides communication and logistics services for businesses and individuals. It has more than 6,500 branches and is present in each of the country’s 5,570 municipalities.
The agreement enables CNP Assurances to continue with its strategic development in Latin America through a multi-partner approach.
It does not provide for any payment by Caixa Seguradora and entered into effect on 3 September 2020 on the date it was signed.
“CNP Assurances is delighted to have signed this new agreement which will help us to continue strengthening our presence on Brazil’s insurance market, in line with the Group’s multi-partner business model” said Antoine Lissowski, Chief Executive Officer of CNP Assurances.