Dai-ichi Life Vietnam CEO awarded for excellent business results

The Mark of Respect award, given by the Investment Bridge magazine and Royal Salute brand in Ho Chi Minh city, honours Vietnam’s business leaders with excellent leading competence. The awards include five categories namely the top 10 leaders with excellent business results, the top 10 leaders with excellent human resources, the 10 most creative leaders, the top 10 excellent female leaders and the top 10 young and prosperous leaders.

Quan was the only leader in the life insurance industry named among the top 50. “This accomplishment is due to the dedicated devotion of our management board, staff and financial consultants, who are always side by side with me in our tireless efforts of providing quality products and services, as well as authentic values to our customers and the local community,” he said.

“The prize is a great encouragement and serves as a driving force for me and our colleagues to strive more in our mission of leading Dai-ichi Life Vietnam to become the best life insurance company in Vietnam,” he added.

Established in 1902, Dai-ichi Life Insurance Company is one of the leading life insurance companies in Japan and in the world with the total asset of $366.4 billion as of March 31, 2014. Dai-ichi Life has been developing its overseas life insurance business in Vietnam, India, Thailand, Australia, Indonesia and the US as well as having regional headquarters in Asia Pacific region (Singapore) and North America (New York).

Dai-ichi Life Vietnam was established in January of 2007 as a wholly-owned subsidiary. It currently serves one million Vietnamese customers through the network of 600 staff and 30,000 financial consultants at 138 offices and general agencies across the country.

In 2014, Dai-ichi Life Vietnam’s new business premium reached VND965 billion ($45 million), up 36 per cent on year, total premium income VND2.55 trillion ($120 million), up 37 per cent. Pretax profit is estimated at VND248 billion ($11.6 million), up 23 per cent.