ACE Life officially opens new transactional office in Long Khanh - Dong Nai province
Long Khanh – October 12 2015 – ACE Life, the global life insurance division of ACE Group, today announced the opening of its new office in Long Khanh Town, Dong Nai Province. Located at No. 685, 21 thang 4 Street, Xuan Binh Ward, Long Khanh Town, this convenient and professional office can house more than 300 agency leaders, account representatives and staff.
The new office in Long Khanh is ACE Life’s 2nd office in Dong Nai province in addition to the current office in Bien Hoa city, and the 6th to be opened in 2015. With its relatively high annual Gross Domestic Product (GDP) per capita compared with other provinces, Dong Nai possesses good prospects for economic development. In addition, being the gateway to Ho Chi Minh City and a member of the southern key economic zone, Long Khanh town plays an critical role in the political, economic, social and national security within Dong Nai province and the surrounding areas. These factors result in increasing demand for quality products and services in Long Khanh. The opening of another office in this area will maximize ACE Life’s ability to meet the growing local needs of life insurance in Long Khanh in particular and Dong Nai province in general.
Lam Hai Tuan, Chairman and Country President of ACE Life in Vietnam, said, “This year, ACE Life continues to promote its strong distribution network in Vietnam. The new office in Long Khanh will help ACE Life better serve the local people in Long Khanh and the surrounding areas. We believe that together with the other offices, this new Long Khanh office will meet the needs of customers requiring efficient and effective financial protection solutions”.
The new Long Khanh office is well equiped with high quality facilities to support the company’s sales force. ACE Life currently has a network of 32 offices operating in 29 provinces/cities nationwide with an agency force of over 14,100 professional account representatives. After ten-years of operation, ACE Life has developed a solid foundation for growth to sustain its ambitious plans for further expansion.
ABOUT ACE IN VIETNAM
ACE Life Insurance Company, Ltd (“ACE Life Vietnam”) is part of the ACE Group of Companies, 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 Vietnam is a wholly owned subsidiary of ACE INA International Holding Limited (AIIH), a US domiciled company part of the 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 14,000 strong agency force, as well as through selected banks.
More information can be found at www.acelife.com.vn.