ACE Life increases presence in Vietnam’s south central coast

March 08, 2016 | 14:49
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ACE Life, the global life insurance division of Chubb Limited, today officially opened its new office in Quy Nhon City in the south central coastal province of Binh Dinh.

The well-equipped and spacious office on Level 4 of Building No 1 on Dinh Bo Linh Street will be the working centre for more than 220 account representatives and staff of ACE Life.

The opening of the Quy Nhon office is congruous with ACE Life’s development strategy to expand its office network throughout Vietnam, following its third five-year strategic plan – the journey “From Good to Great”.

To date, ACE Life has grown to become a strong network of 34 offices in 30 cities and provinces nationwide, with more than 16,000 professional and account representatives.

“In the past years, we have focused on building a quality business by developing a superior product portfolio, training a professional and business-ethical agency force, and demonstrating industry leadership by applying technologies into business and customer service,” said Lam Hai Tuan, chairman and country president of ACE Life in Vietnam.

“We have a solid foundation to pursue our growth strategy throughout the country as well as enhancing our presence and competitiveness. With the opening of our new Quy Nhon office, we have taken another step towards better serving our customers and bringing our services closer to the local residents,” Tuan stressed.

As a division of Chubb, ACE Life in Vietnam will be changing its name to Chubb Life Vietnam, a process expected to be completed within Quarter I, 2016.

With ACE’s acquisition of Chubb worldwide, the combined organisation is now operating under the Chubb name. This underscores both companies’ collective strengths to become one distinguished company, providing customers with extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, claims handling expertise and local operations globally.

Leveraging outstanding resources from the parent company and its local expertise, ACE Life in Vietnam expects to achieve continued success on its further journey “From Good to Great”.

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By By Mai Thuy

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