South Korea insurer Hanwha Life Vietnam plans to expand its distribution system to offer its services to more customers.

It will strengthen collaboration with insurance products distributors who focus on major cities.

It has a strategic co-operation agreement with WorldLink Vietnam, a distributor, for consulting and introducing its products.

It also has a strategic tie-up with BOM Finance Service Viet Nam to distribute is products through the latter’s distribution system.

A member of Hanwha Group, one of the 10 largest companies in Korea, the company derives an advantage from its deep pockets: its charter capital, for instance, is VND4.9 trillion (US$210 million).

Hanwha said this year it would continue towards its goal of becoming one of the leading life insurance companies in terms of service quality, productivity, and sales growth.

It expects to earn a policy income of VND1 trillion ($44 million) this year. — VNS