Prudential Vietnam clinches another ace for 2010

Read the original news 

Báo Đầu Tư English - 83 month(s) ago 20 readings

Prudential Vietnam clinches another ace for 2010

Prudential Vietnam Assurance continues retaining the pole in local life insurance market for another year.

illustration photo

The firm had increased in number of in-force policies to 3.8 million by end of 2010 from 3.5 million in 2009.

New business sales went up by 25.4 per cent to VND1.2 trillion ($59 million) lifting total premium income to VND5.4 trillion ($262 million), representing 13.6 per cent year-on-year growth.

Jack Howell, country director of Prudential Vietnam Assurance said that the results were encouraging for 2010, a shaky year for the local economy. By end of 2010, Prudential’s market share stood at 41.4 per cent.

“We have gone through a challenging year in an impressive manner. Moreover, 2010 was also a successful year for us in term of corporate social responsibility,” said Howell.

In 2010, Prudential Vietnam has announced the establishment of $10-million Prudence Foundation Vietnam enabling the firm to contribute to the long-term development of the Vietnamese society.

Via social and charitable activities and projects, the foundation seeks to demonstrate Prudential’s commitment as a model corporate citizen whose operating motive goes beyond short-term profit-taking.

There is no comment

Please Sign up or Login to comment.

Top page