Ho Chi Minh City, May 4, 2017 – Chubb Life Insurance Vietnam Company Limited (Chubb Life in Vietnam/ the company) today announced that it has been awarded the Certificate of Merit by the Ho Chi Minh City People's Committee. The award recognizes the company’s outstanding achievements in the insurance industry and its CSR efforts in Vietnam, which significantly contributed to the local development over the past 11 years.
The awardee of this Certificate was selected based on strict criteria set by the Ho Chi Minh City People’s Committee, to award enterprise that have strong governance and good business practices, demonstrated business efficiency, and have significant contributions to the economy, environment and social development in Vietnam.
Mr. Lam Hai Tuan, Chairman cum Country President of Chubb Life in Vietnam said, “We are very proud to receive the Certificate of Merit this year, when we celebrate the company’s 12th anniversary. This recognition marks the company's decade-long efforts to become a trusted life insurer in Vietnam, and encourages us to further enhance our protection and insurance solutions to customers in Vietnam.”
Chubb Life is committed to contributing to society through CSR activities. Entering the Vietnam market in 2005, the company rapidly became one of the fastest-growing life insurers in the country. In the same year, the company launched the "Crossing Waves Fund", a charity fund offering scholarships to support underprivileged students across the country. As of today, the Fund has contributed nearly VND 19 billion to rebuild six schools, sponsored school facilities and awarded 1,200 scholarships to the local students.
About Chubb Life in Vietnam
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.
Chubb Life, the life insurance division of Chubb, operates in 30 countries around the world. In Asia, Chubb Life operates in Hong Kong, Indonesia, Korea, Taiwan, Thailand and Vietnam, and participates in a joint-venture in China. Chubb Life has been in Vietnam since 2005, and launched its Fund Management Company (Chubb Life Fund Management Company Limited) in 2013. To meet the financial protection and security needs of its broad range of customers, Chubb Life Vietnam (Chubb Life Insurance Vietnam Company Limited) offers a range of life protection, savings, and investment-linked insurance solutions through its agents, banks and its network of 45 offices.
Additional information can be found at: http://life.chubb.com/vn