Manulife Vietnam settles claims worth nearly 7 trillion VND (298.55 million USD) in 2022, a 36% increase from the previous year. The first foreign-owned life insurer in the country now serves over 1.5 million customers. (Photo: Courtesy of the company)
It reported revenues of 33.09 trillion VND (1.4 billion USD) lastyear. Its total assets reached nearly 106.38 trillion VND (4.5 billion USD), anincrease of 14%.
It also achieved a turnaround to make a profit in 2022 aftersuffering losses in the previous year.
It has a solid financial foundation with a charter capital of 22.22trillion VND (947.19 million USD) and solvency margin far above the minimumrequirement.
Manulife CEO Sang Lee attributed the good results to the trust ofcustomers, prudent financial management and stable interest rates, which had apositive impact on technical reserves and profits.
Manulife has exclusive bancassurance partnerships with some banks,and has embraced digital applications to make insurance more accessible,providing customers and consultants with safe, fast and convenient transactiontools.
It won a number of prestigious awards last year, including for‘Insurance Company of the Year’ at the Asia Trusted Life Agents & AdvisersAwards, ‘Digital Insurance Initiative of the Year - Vietnam’ at the InsuranceAsia Awards and "Top 100 Best Workplaces to Work for in Vietnam 2022"from recruitment company Anphabe./.
VNA
