On October 13, Prudential Vietnam Assurance PLC and the British Chamber of Commerce Vietnam co-organised the first 'Pride at Work' event to promote diversity and inclusion in the workplace.
Prudential Vietnam on July 4 announced the launch of its new mental wellness tools aimed at supporting users to manage their mental and physical health with personalised information and recommendations. The AI-powered tools can now be accessed on Pulse by Prudential.
During his recent visit to the United Kingdom to participate in the Vietnam-UK High-level Forum on Economy and Trade, National Assembly Chairman Vuong Dinh Hue and a high-level delegation met with Prudential PLC to discuss the Vietnamese government’s priorities as well as how insurers can increase financial inclusion. The diplomatic meeting aimed to strengthen relationships and restate Prudential’s commitment to Vietnam.
On May 25th, Prudential Plc. announced the appointment of Anil Wadhwani as Group CEO and said he would assume the role in February, pivoting the company towards a more Asian focus.
The United Kingdom-backed life insurer Prudential Vietnam delivered strong revenue growth of 15.2 per cent in 2021 against a challenging operating environment, with $374.3 million of insurance benefits paid to customers.
The State Bank of Vietnam (SBV) has previously issued regulations on prudential ratios and limits over banking activities while recently the ability of businesses to pay loans and interest has been severely affected by the current pandemic. As a result of these twinned developments, commercial banks have become more and more cautious in granting credit.
Foreign corporations are gaining their momentum in Vietnam’s insurance market, with long-term commitments being paid off – however, the non-life insurance growth rate reached a decade-long record low.
On September 6, Prudential Vietnam Assurance Private Ltd. has received approval from the Ministry of Finance, to extend the grace period from the standard 60 to 120 days for all of its policyholders who have premium payments with due dates from August 30 to December 31.
Some international lenders, funds, and insurers are joining a growing list of financial institutions across the globe retreating from coal-fired power plants, particularly projects in Vietnam and other Asian nations, as concerns grow over the role that fossil fuels play in exacerbating the adverse impacts of climate change.
UK-backed life insurer Prudential Vietnam and its digital insurance product PRU-Guard 24/7 were honoured with the 2020 Tech Savvy Performer Award at the annual Shopee Brands and Partners Conference 2021.
One of the 10 countries with the fastest ageing population in the world, Vietnam has an estimated 30 years within the “golden population structure” period, considerably shorter than many neighbouring countries. The rapid ageing rate and the low ratio of independent seniority are expected to entail pressures and burdens on social security.
Prudential Vietnam reaffirmed a year of sustainable growth and enhancements in its business operations in 2020 while continuing to prioritise the health and wealth of customers and contribute to the country’s economic development.
At the first anniversary of the 20-year exclusive bancassurance partnership between UK-backed life insurer Prudential Vietnam and Hanoi-based commercial lender Southeast Asia Bank (SeABank), the two companies signed an MoU to distribute Prudential Vietnam’s digital insurance product PRU-Guard 24/7 through SeABank’s e-banking platform.
While life insurers continue to embark on their transformation journey to gain customers’ trust, non-life insurers are likely to dance on the razor’s edge as the pandemic re-emergence exerts pressure into the sector.
UK-backed life insurer Prudential Vietnam Assurance Private Ltd. today announced that Phuong Tien Minh has joined the company as its new CEO, effective from June 3.