Dai-ichi Life Insurance Company Of Vietnam, Ltd | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards

CORPORATE EXCELLENCE CATEGORY

Dai-ichi Life Insurance Company Of Vietnam, Ltd.

Information about the Company & Brand
Established in January of 2007 with 100%-invested capital from Japan, Dai-ichi Life Vietnam is a member of Dai-ichi Life Group - the largest life insurer in Japan and one of the leading insurance companies in the world with a solid financial strength and nearly 120 years of experience.

After 14 years of operations, Dai-ichi Life Vietnam has built a solid foundation and stands out from the crowd with the impressive and sustainable growth since its establishment – customer number increasing tenfold, the number of staff and financial consultants 20-fold, profits 30-fold, investment capital 40-fold, and total assets 50-fold. The total benefit claims settlement for customer has accounted to more than VND 9,000 billion in the past 14 years.

The mission of Dai-ichi Life Vietnam is ensuring peace of mind on health and well-being and finance protection for the Vietnamese customers and their families through the comprehensive financial protection and healthcare solutions as well as providing sustainable values to the local community. Aimed at becoming the best life insurer in the market, Dai-ichi Life Vietnam always focuses on the corporate’s motto “Customer First” in every aspect of business operations while continuing to intensify the digital transformation for enhancing customer experience.

Despite the daunting challenges owing to the COVID-19 pandemic, Dai-ichi Life Vietnam re-affirms its position in the Top 3 foreign life insurance companies in terms of total premium market share, gaining outstanding achievements and demonstrating its strong resilience during the hardships.

Corporate Culture & Company Activities
Dai-ichi Life Vietnam takes top priority in human resources development and promoting its corporate’s core values: C.A.R.E: Customer first, Accountability, Reward and Recognition, and Operational Excellence. With the business philosophy of "Thinking people first", Dai-ichi Life Vietnam considers each employee as an indispensable part of the company's sustainable development. Dai-ichi Life Vietnam has built a healthy, professional, and friendly working environment where all employees are respected and rewarded based on a fair and transparent appraisal system along with equally offered career path opportunities to develop their own capabilities through many regular training programmes. In addition, the company develops the "Succession Planning" programme for young talented forces.

Dai-ichi Life Vietnam is the first and only life insurer in Vietnam to initiate a long-term incentive programme named “Lifetime partner”, offering free life insurance policies to all employees aimed at ensuring peace of mind during their long-term service at the company. Moreover, many other health and well-being programmes are regularly held to promote a positive lifestyle and encourage employees to improve their physical and mental health.

Along with its business endeavours, Dai-ichi Life Vietnam always makes Corporate Social Responsibility (CSR) part of its core strategies for sustainable development. "For A Better Life" Fund was established to aim at improving the lives of local communities. The company has been providing ongoing support to underprivileged people across the country, especially children, with the contribution of more than VND 55 billion through various impactful CSR initiatives.

Achievements & Impact
Since its establishment, Dai-ichi Life Vietnam has secured a solid foundation as one of the leading life insurance companies in Vietnam, ranking third in terms of business network with 290 offices and insurance agencies covering 63 cities and provinces nationwide, and a workforce of more than 1,645 staff and 105,000 financial consultants (as of December 31, 2020).

Dai-ichi Life Vietnam is looking forward to the milestone of serving more than four million customers by the end of this year. This would be a turning point cementing the company’s position at its 15th anniversary in Vietnam next January 2022. The company continued to maintain upbeat growth with total premium revenue in the first six months of 2021 reaching over USD 381.2 million, which was up by 35% on-year, with new premium fee revenue reaching nearly USD 143.8 million, which was up by 60% on-year.

With persistent and ongoing efforts in both business and community contribution, Dai-ichi Life Vietnam was honoured to achieve prestigious awards, such as "Top 10 prestigious life insurance companies in 2020", "Top 500 fastest growing enterprises in Vietnam in the period 2015-2019”, and "Top 20 Vietnamese Famous Brands 2020", just to name a few.

Future Direction
With its unique strategy - “The Best rather than the Largest”, and the philosophy “Customer First”, a lifetime partner, Dai-ichi Life Vietnam continues its efforts in innovating the premier products and services, focusing on digital transformation, enhancing the customer experience with a view to securing peace of mind, prosperity and wellness of all people it serves as well as contributing to the social-economic development in Vietnam.

CORPORATE EXCELLENCE CATEGORY

Dai-ichi Life Insurance Company Of Vietnam, Ltd.

Information about the Company & Brand
Established in January of 2007 with 100%-invested capital from Japan, Dai-ichi Life Vietnam is a member of Dai-ichi Life Group - the largest life insurer in Japan and one of the leading insurance companies in the world with a solid financial strength and nearly 120 years of experience.

After 14 years of operations, Dai-ichi Life Vietnam has built a solid foundation and stands out from the crowd with the impressive and sustainable growth since its establishment – customer number increasing tenfold, the number of staff and financial consultants 20-fold, profits 30-fold, investment capital 40-fold, and total assets 50-fold. The total benefit claims settlement for customer has accounted to more than VND 9,000 billion in the past 14 years.

The mission of Dai-ichi Life Vietnam is ensuring peace of mind on health and well-being and finance protection for the Vietnamese customers and their families through the comprehensive financial protection and healthcare solutions as well as providing sustainable values to the local community. Aimed at becoming the best life insurer in the market, Dai-ichi Life Vietnam always focuses on the corporate’s motto “Customer First” in every aspect of business operations while continuing to intensify the digital transformation for enhancing customer experience.

Despite the daunting challenges owing to the COVID-19 pandemic, Dai-ichi Life Vietnam re-affirms its position in the Top 3 foreign life insurance companies in terms of total premium market share, gaining outstanding achievements and demonstrating its strong resilience during the hardships.

Corporate Culture & Company Activities
Dai-ichi Life Vietnam takes top priority in human resources development and promoting its corporate’s core values: C.A.R.E: Customer first, Accountability, Reward and Recognition, and Operational Excellence. With the business philosophy of "Thinking people first", Dai-ichi Life Vietnam considers each employee as an indispensable part of the company's sustainable development. Dai-ichi Life Vietnam has built a healthy, professional, and friendly working environment where all employees are respected and rewarded based on a fair and transparent appraisal system along with equally offered career path opportunities to develop their own capabilities through many regular training programmes. In addition, the company develops the "Succession Planning" programme for young talented forces.

Dai-ichi Life Vietnam is the first and only life insurer in Vietnam to initiate a long-term incentive programme named “Lifetime partner”, offering free life insurance policies to all employees aimed at ensuring peace of mind during their long-term service at the company. Moreover, many other health and well-being programmes are regularly held to promote a positive lifestyle and encourage employees to improve their physical and mental health.

Along with its business endeavours, Dai-ichi Life Vietnam always makes Corporate Social Responsibility (CSR) part of its core strategies for sustainable development. "For A Better Life" Fund was established to aim at improving the lives of local communities. The company has been providing ongoing support to underprivileged people across the country, especially children, with the contribution of more than VND 55 billion through various impactful CSR initiatives.

Achievements & Impact
Since its establishment, Dai-ichi Life Vietnam has secured a solid foundation as one of the leading life insurance companies in Vietnam, ranking third in terms of business network with 290 offices and insurance agencies covering 63 cities and provinces nationwide, and a workforce of more than 1,645 staff and 105,000 financial consultants (as of December 31, 2020).

Dai-ichi Life Vietnam is looking forward to the milestone of serving more than four million customers by the end of this year. This would be a turning point cementing the company’s position at its 15th anniversary in Vietnam next January 2022. The company continued to maintain upbeat growth with total premium revenue in the first six months of 2021 reaching over USD 381.2 million, which was up by 35% on-year, with new premium fee revenue reaching nearly USD 143.8 million, which was up by 60% on-year.

With persistent and ongoing efforts in both business and community contribution, Dai-ichi Life Vietnam was honoured to achieve prestigious awards, such as "Top 10 prestigious life insurance companies in 2020", "Top 500 fastest growing enterprises in Vietnam in the period 2015-2019”, and "Top 20 Vietnamese Famous Brands 2020", just to name a few.

Future Direction
With its unique strategy - “The Best rather than the Largest”, and the philosophy “Customer First”, a lifetime partner, Dai-ichi Life Vietnam continues its efforts in innovating the premier products and services, focusing on digital transformation, enhancing the customer experience with a view to securing peace of mind, prosperity and wellness of all people it serves as well as contributing to the social-economic development in Vietnam.