Generali’s new home

With the opening of Ha Noi branch office, Generali Vietnam Life (GVL) is now well-positioned to bring in positive differentiation and better choices to potential customers in Hanoi.

“Hanoi is the capital of Vietnam. It is a very important market in its own right and a springboard for our further development in the north,” said GVL’s general director Simon Lam. “We will replicate our successful business model in Ho Chi Minh City where we launched our business one and a half year ago.” 

With the official launch of its individual life business in Hanoi, GVL will bring a quality-focused model to support agency productivity ot the market.  This encompassed an all rounded approach to focus on quality recruitment, training and development, mentoring and activity management of our agency force, said Lam.

GVL has just increased its chartered capital from VND720 billion ($34.6 million) to VND800 billion ($38.46 million) in February, 2013.

GVL obtained its business licence on April 20, 2011 and it is the latest venture of Generali Group to expand into the emerging Asia. Wholly owned by Generali Group and headquartered in Ho Chi Minh City, GVL commits to be a multi-channel distribution insurance provider with business model covering individual and corporate business through tied agents, brokers, banks and financial institutions channels to meet the financial management and protection needs of individuals and companies in Vietnam.

Founded in Trieste (Italy) in 1831, Generali Group is one of the leading insurers in the world with an annual premium income of €70 billion, over 65 million customers, 80,000 employees and a strong distribution network of 100,000 professionals.