“The representative office in Cai Lay will enable Ace Life to foster stronger relationships with Vietnamese officials and industry representatives to better serve the needs of its customers,” said CEO Lam Hai Tuan.
"The opening of this office symbolizes Ace Life’s commitment to serving the Vietnamese market and an investment that will result in long-term value for our policyholders.”
Tuan said as the Vietnamese insurance industry evolves, we look forward to contributing to its growth. We believe our broad expertise will provide valuable perspective and knowledge as the market develops.
Specifically, one of Ace Life’s priorities in opening its representative office is to assist government and private sector companies in supporting the development of the Vietnamese insurance industry.
After 10 years operating in Vietnam, ACE Life has gained a solid foothold in the insurance market, said Tuan and we currently operate 33 representative offices nationwide, having opened seven of them this year.
Additionally, Tuan underlined ACE Life places heavy emphasis on social responsibility and actively encourages its employees to not only participate but become leaders in community activities.
Since 2005, the company has donated nearly US$800,000 for educational grants, scholarship and other school related projects such as building new classrooms and providing educational materials to communities in which it operates across the nation.