Dai-ichi Life Vietnam | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards

CORPORATE EXCELLENCE CATEGORY

Dai-ichi Life Vietnam

Information about the Company
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 solid financial strength and more than 120 years of experience.

After 16 years of operations, Dai-ichi Life Vietnam has built a solid foundation and it stands out from the crowd with its impressive and sustainable growth. Thus far, its customers have increased 14-fold, total premiums revenue increased by 59-fold, investment capital increased by 53-fold, and total assets value increased by 82-fold.

The mission of Dai-ichi Life Vietnam is to secure people’s peace of mind regarding health & well-being and financial protection for Vietnamese customers and their families through its comprehensive financial protection and healthcare solutions. As well as providing sustainable values to the local community, the company aims to become the best life insurer in the market, Dai-ichi Life Vietnam lets its corporate motto “Customer first” guide every aspect of business operations while intensifying its digital transformation efforts to enhance its customer’s experience.

Dai-ichi Life Vietnam is proudly recognized as the "Top 2 Trusted Life Insurer in Vietnam" according to Vietnam Report’s survey result on June 23rd, 2023. This has resulted in two consecutive years in which the company has been ranked Top 2 in the 2022 and 2023 lists.

Corporate Culture & Company Activities
Dai-ichi Life Vietnam places top priority on its human resources development and promoting its corporate core values, dubbed C.A.R.E, Customer First, Accountability, Reward & Recognition, and Operational Excellence. With the business philosophy of "Thinking of People First", 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. They are also equally offered career path opportunities to develop their capabilities through many regular training programs. In addition, the company is developing the "Succession Planning" Program for young talented forces.
Dai-ichi Life Vietnam is the first and only life insurer in Vietnam to initiate a long-term incentive program named “Lifetime Partner”, offering free lifetime 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 programs are regularly held, notably the “Dai-ichi Life – Road of Love” program which has, since 2021, promoted a positive lifestyle and encouraged employees, customers, and the community to improve their physical and mental health.

Along with its effective business efforts, for 16 years, Dai-ichi Life Vietnam has proudly pioneered in initiating various significant community projects with a total contribution of more than VND 60 billion. These are concentrated in four main areas: Education, Health Care, Environment, and Charity Support.

Achievements and Impact
After 16 years of operation, Dai-ichi Life Vietnam has affirmed its position among the top three foreign life insurance companies in Vietnam, with 12.3% of the total premium market share. As of May 31, 2023, the company is proud to have served more than 4.5 million customers and families through an abundant workforce of more than 2,000 employees and 140,000 professional financial consultants, a large network of over 300 offices, and general agencies in Vietnam.

In 2022, Dai-ichi Life Vietnam has managed to firmly overcome challenges and announced a total insurance premium revenue of nearly VND 22,000 billion, increasing by 17% compared to 2021, accounting for a market share of 12.3%. With its investment capital of nearly VND 9,800 billion, total assets of VND 58,000 billion, and profit after tax of over VND 2,700 billion, Dai-ichi Life Vietnam is ranked among the top 3 largest foreign life insurance companies with excellent business performance in Vietnam.

As part of Dai-ichi Life Group, Dai-ichi Life Vietnam pursues the same vision “to protect and improve the well-being of all people”. With a legacy of more than 120 years, the company strives to provide comprehensive life and health insurance solutions that enable its customers to enjoy healthy and prosperous lives with peace of mind.

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

CORPORATE EXCELLENCE CATEGORY

Dai-ichi Life Vietnam

Information about the Company
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 solid financial strength and more than 120 years of experience.

After 16 years of operations, Dai-ichi Life Vietnam has built a solid foundation and it stands out from the crowd with its impressive and sustainable growth. Thus far, its customers have increased 14-fold, total premiums revenue increased by 59-fold, investment capital increased by 53-fold, and total assets value increased by 82-fold.

The mission of Dai-ichi Life Vietnam is to secure people’s peace of mind regarding health & well-being and financial protection for Vietnamese customers and their families through its comprehensive financial protection and healthcare solutions. As well as providing sustainable values to the local community, the company aims to become the best life insurer in the market, Dai-ichi Life Vietnam lets its corporate motto “Customer first” guide every aspect of business operations while intensifying its digital transformation efforts to enhance its customer’s experience.

Dai-ichi Life Vietnam is proudly recognized as the "Top 2 Trusted Life Insurer in Vietnam" according to Vietnam Report’s survey result on June 23rd, 2023. This has resulted in two consecutive years in which the company has been ranked Top 2 in the 2022 and 2023 lists.

Corporate Culture & Company Activities
Dai-ichi Life Vietnam places top priority on its human resources development and promoting its corporate core values, dubbed C.A.R.E, Customer First, Accountability, Reward & Recognition, and Operational Excellence. With the business philosophy of "Thinking of People First", 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. They are also equally offered career path opportunities to develop their capabilities through many regular training programs. In addition, the company is developing the "Succession Planning" Program for young talented forces.
Dai-ichi Life Vietnam is the first and only life insurer in Vietnam to initiate a long-term incentive program named “Lifetime Partner”, offering free lifetime 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 programs are regularly held, notably the “Dai-ichi Life – Road of Love” program which has, since 2021, promoted a positive lifestyle and encouraged employees, customers, and the community to improve their physical and mental health.

Along with its effective business efforts, for 16 years, Dai-ichi Life Vietnam has proudly pioneered in initiating various significant community projects with a total contribution of more than VND 60 billion. These are concentrated in four main areas: Education, Health Care, Environment, and Charity Support.

Achievements and Impact
After 16 years of operation, Dai-ichi Life Vietnam has affirmed its position among the top three foreign life insurance companies in Vietnam, with 12.3% of the total premium market share. As of May 31, 2023, the company is proud to have served more than 4.5 million customers and families through an abundant workforce of more than 2,000 employees and 140,000 professional financial consultants, a large network of over 300 offices, and general agencies in Vietnam.

In 2022, Dai-ichi Life Vietnam has managed to firmly overcome challenges and announced a total insurance premium revenue of nearly VND 22,000 billion, increasing by 17% compared to 2021, accounting for a market share of 12.3%. With its investment capital of nearly VND 9,800 billion, total assets of VND 58,000 billion, and profit after tax of over VND 2,700 billion, Dai-ichi Life Vietnam is ranked among the top 3 largest foreign life insurance companies with excellent business performance in Vietnam.

As part of Dai-ichi Life Group, Dai-ichi Life Vietnam pursues the same vision “to protect and improve the well-being of all people”. With a legacy of more than 120 years, the company strives to provide comprehensive life and health insurance solutions that enable its customers to enjoy healthy and prosperous lives with peace of mind.

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