Long An – September 28 2015 – ACE Life, the global life insurance division of ACE Group, today announced the opening of a new sales office in Tan An City, Long An Province, Vietnam, to better serve its growing base of customers in the Cuu Long delta. Long An province has a unique location, which belongs to both Cuu Long delta and the key Southern economic zones. Therefore, Long An province with its strong economic potential is considered an important area to support Vietnam‟s economic development. As a result of its position linking the Southeast and Southwest region, Long An can leverage the economic prosperity from both regions. The new Long An sales office is ACE Life‟s 31st office in Vietnam and the 5th to be opened in 2015.
Lam Hai Tuan, Chairman and Country President of ACE Life in Vietnam, said, “Since commencing operations in 2005, ACE Life has successfully executed two five-year plans which have laid a strong foundation for our continued growth. 2015 marks the beginning of our third five-year plan and the start of our journey „From Good to Great‟. With the goal of opening a chain of new sales offices this year, such as the Long An sales office, we are committed to deepen our roots to serve the needs of the growing market”.
Located at No.20, Quoc lo 1 Boulevard, Ward 5, Tan An City, Long An Province, the new sales office will be the base for more than 300 agency leaders, account representatives and staff. Similar to other ACE Life‟s offices in the country, the new Long An office is well equiped with high quality facilities to support the company‟s sales force.
After nearly ten years in Vietnam, ACE Life now has a network in 29 provinces/cities nationwide with an agency force of approximately 13,400 professionals. Recent expansions to the network are part of ACE Life‟s development and growth strategy, which aims to build a strong distribution network not only to develop ACE Life‟s business, but also to affirm its long-term commitment to the market in Vietnam.
About ACE Life in Vietnam
ACE Life is the global life insurance division of ACE Group, one of the world‟s largest multiline property and casualty insurers.
With operations in 54 countries, ACE provides commercial personal property and casualty insurance, personal-accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. ACE's core operating insurance companies are rated AA for financial strength by Standard & Poor‟s, and A+ by A.M. Best. This rating is indicative of ACE‟s strong capital base and financial stability; key attributes in the business of risk.
ACE has both general insurance and life insurance operations in Vietnam where it offers a comprehensive array of protection products and risk management solutions to a diverse group of clients. ACE Life Insurance Company, Ltd, (ACE Life Vietnam) is a wholly owned subsidiary of ACE INA International Holding Limited (AIIH), a US domiciled company part of ACE Group. In Vietnam, ACE Life offers a comprehensive array of quality life-insurance products to meet the financial-protection and security needs of a broad range of customers. The company pioneered the introduction of the Universal Life plan to the Vietnamese market in March 2006. Since then, it has developed a full range of Universal Life products. This diverse range of Universal Life products enables individuals and groups up to the age of 80 to select plans to suit their financial means. ACE Life distributes its products mainly through its professional and ever-growing nearly 13,400 strong agency force, as well as through selected banks.
More information can be found at www.acelife.com.vn.