This achievement is a convincing proof for the firm’s efforts for sustainable development in the Vietnam market, not just in terms of business performance, but also the many expedientThe sustainable business review and rating in Vietnam is a prestigious annual initiative commissioned by the Vietnam Chamber of Commerce and Industry (VCCI) jointly with the Vietnam Business Council for Sustainable Development (VBCSD) to pay tribute to 100 forefront businesses with an excellent track record for sustainable development. Before being listed, Hanwha Life Vietnam went through serious and demanding assessment based on the corporate sustainability index (CSI), designed as a measure of how a business is valued through three key criteria – economic, social and environment influence.Over the 8-year-plus in active existence in Vietnam, Hanwha Life Vietnam has quickly launched itself among businesses with the most impressive growth performance in the insurance industry. In the span of the … [Read more...] about Hanwha Life Vietnam: Top 10 sustainable business in Vietnam in 2017
Life
ACE Life posts strong growth in new premiums in Q2
ACE Life posts strong growth in new premiums in Q2By Thu Thuy - The Saigon Times DailyHCMC - ACE Life Insurance Co. Ltd. on Wednesday reported its premiums in the second quarter this year amounted to over VND125 billion, or US$7 million, of which new business contributed VND80 billion (US$4.5 million), increasing 84% from the previous quarter.The strong growth put ACE Life in the third position in terms of new business among 11 life insurers in Vietnam, ACE Life has issued nearly 100,000 policies, with an average face value of nearly VND325 million per policy for Universal Life products. The insurer is also the first company to introduce Universal Life to Vietnam’s market in March in 2006.ACE Life now is the only company offering a full range of Universal Life line of eight products that allow sign-ups for individuals between the ages of 0 and 80 who have different financial capabilities and social economic status. More than 98% of ACE Life customers have chosen Universal Life … [Read more...] about ACE Life posts strong growth in new premiums in Q2
Hanwha Life named among top 10 sustainable business in Viet Nam
Hanwha Life Vietnam is proud to have been honoured as a Top 10 Sustainable Business in Viet Nam in 2017 by the Viet Nam Chamber of Commerce and Industry.This achievement is convincing proof of the company’s efforts to achieve sustainable development in Viet Nam, not just in terms of its business performance but also the many contributions it has been making to the community.The sustainable business review and rating in Viet Nam is a prestigious annual initiative commissioned by the VCCI jointly with the Viet Nam Business Council for Sustainable Development (VBCSD) to pay tribute to 100 leading businesses with an excellent track record in sustainable development.To make it to the list, Hanwha Life Vietnam went through a demanding assessment based on the corporate sustainability index designed as a measure of how a business is valued based on three key criteria – economic, social and environmental accountability.In its eight years in Viet Nam Hanwha Life quickly became one of … [Read more...] about Hanwha Life named among top 10 sustainable business in Viet Nam
Hanwha Life Vietnam among Vietnam’s Top 10 sustainable businesses
The sustainability review and business rating report is a prestigious annual initiative commissioned by VCCI and the Vietnam Business Council for Sustainable Development (VBCSD).The report and related event aim to pay tribute to the 100 businesses with the best track record of sustainable development practices. Before being listed, Hanwha Life Vietnam went through serious and demanding assessment based on the corporate sustainability index (CSI), which was designed to measure businesses through three key criteria—economic, social, and environmental influence.Being present in Vietnam for over eight years, Hanwha Life Vietnam has quickly established itself as one of the industry’s fastest growing businesses. In the span of the last five years (2012-2017), new policy revenue growth was recorded at 41 per cent, 10 per cent higher than the industry average. In addition, second year policy retention consistently remains over 70 per cent.Hanwha Life Vietnam has completed … [Read more...] about Hanwha Life Vietnam among Vietnam’s Top 10 sustainable businesses
AIA signs record life insurance contract
AIA signs record life insurance contract By Nguyen Quan - The Saigon Times Daily HCMC – AIA Vietnam Life Insurance Co. Ltd. has signed a life insurance policy with the record face value of VND39 billion with a female customer in HCMC. This is the highest coverage the enterprise has signed with individual customers in the country. According to the insurer, the customer is general director of a service enterprise in District 1. She has chosen the An phuc tron doi package with the annual premium of over VND820 million. The package is the flexible combination of financial assurance with money saving designed for customers aged from 30 to 60. Customers can enjoy an annual interest rate of 8% on premiums instead of 4% like other life insurance products. AIA Vietnam in July signed a similar policy with a businesswoman with the coverage of VND35 billion. The insurer has provided six An phuc tron doi policies with the coverage from VND20 billion for local customers. … [Read more...] about AIA signs record life insurance contract