FWD Vietnam to raise charter capital to VND14 trillion

Tuesday, Mar 31, 2020 13:32

FWD is set to become the largest insurance company in Viet Nam. — VNS Photo

FWD Vietnam Life Insurance Company Ltd has recently announced a plan to increase its charter capital from over VND3.67 trillion (US$153) to nearly VND14 trillion ($593 million), becoming the largest life insurance company in Viet Nam by charter capital.

The increase in charter capital demonstrates the company’s strong commitment to sustainable and long-term operations with the vision of changing the way people feel about insurance.

Huynh Huu Khang, CEO of FWD Vietnam, said: “Viet Nam is one of the fastest growing insurance markets in Asia, and FWD is delighted to affirm our strong investment by increasing charter capital. This also demonstrates a commitment of responsibility to customers and partners, which in turn enhances the company's expansion and accessibility nationwide."

FWD Vietnam was established in 2016 and is a member of FWD Group, a leading Asian-pan life insurer.

With a priority strategy on digital development, FWD Vietnam is differentiated insurance company, with a solid foundation based on its own strengths: breakthrough products; high-quality distribution channels; digitised business processes and differentiated branding strategies.

FWD Vietnam is consistently recognised as one of the fastest-growing life insurance companies in the market.

FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Viet Nam, Japan and Malaysia, offering life and medical insurance, general insurance, employee benefits, and Shariah and Family Takaful products across a number of its markets.

FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.

Established in Asia in 2013, FWD is the insurance business of the investment group, Pacific Century Group. — VNS

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