Mr.Sergio Di Caro, Regional Officer for Asia, paid his working visit to Vietnam over the 24th and 25th February, 2015.
During the visit, Mr. Sergio Di Caro met with the leaders of the Ministry of Finance. Mr. Sergio Di Caro expressed his gratitude to the Vietnamese Goverment for creating favourable conditions for the business operations of Generali in Vietnam. He also shared the expectation for continued support from the Government so that Generali can contribute to the dynamic growth of Vietnamese economy.
In the meetings with the local Management team, Staff and Agency Force, Mr. Sergio Di Caro was highly appreciative of the business achievements of Generali Vietnam in 2014, affirmed that it was a successful year with impressive growth of premium income especially as compared to previous year, making Vietnam one the high growth markets of the Group.
Mr. Sergio Di Caro emphasized the important role of Vietnam market in the Group’s growth strategy: “The Group is focusing on growth markets where the middle class in the world is based and growing such as Asia in which Vietnam is one of our chosen strategic markets.”
The Generali Group
Founded in 1831, Generali Group is one of the leading insurers in the world with 2013 total premium income of €66 billion. With 77,000 employees worldwide serving 65 million clients in more than 60 countries, the Group occupies a leadership position on West European markets and an increasingly important place on markets in Central Eastern Europe and Asia.
Generali Việt Nam
Licensed by the Ministry of Finance on 20th April, 2011, after more than three years in operations, Generali Vietnam is currently providing insurance service for more than 62,000 individual customers and insured members of more than 500 local and foreign businesses. The Company has set up Agency Offices in key cities and provinces of Vietnam such as Ho Chi Minh City, Hanoi, Dong Nai, Hai Duong, Vung Tau, Can Tho and plans to expand further in 2015.
In 2014, Generali Vietnam launched a number of products which were well received by the customers such as “Bao an Toan dien” (Critical Illness Endownment), protecting customers against the risk of Critical Illnesses with comprehensive financial solutions; “Bao an Dang khoa” (Juvenile Education Basic Plan), ensuring bright education future for the children; “Bao an Thanh dat” (Enhanced Education Endowment), the first product in the market to cover unborn child; “Bao nhan Khang nghiep” (SME Employee Benefit Package), specifically designed for small and medium enterprises. In addition to expanding the network, Generali Vietnam has also partnered with a number of leading joint stock banks in Vietnam such as Techcombank, Saigon Commercial Bank to launch bancassurance business via the banks’ extensive network countrywide.
In 2014, Generali Vietnam made remarkable achievements with premium income growth of 300% as compared to previous year. In addition, the case size remains high with 17.2 million Dong/policy compared with market average of 7.17 million VND/policy.