Sun Life Vietnam makes first public appearance
Friday, January 13,2017AsemconnectVietnam - Sun Life Vietnam held a ceremony in HCMC on January 11 to mark its official debut in the Vietnamese market following Sun Life Financial’s acquisition of the remaining 25% stake in PVI Sun Life Insurance Co Ltd.
Roger Steel, president of Sun Life Financial Asia for new markets and business development, described the new company as the opening of a fresh chapter in Sun Life’s journey in Vietnam.
“With the recent achievement of sole ownership of our business here in Vietnam, and renaming of PVI Sun Life to Sun Life Vietnam, we reaffirm our commitment to this market and demonstrate our plans to be here for the long term,” Steel said.
He told a press conference ahead of the grand opening ceremony of Sun Life Vietnam on January 11 that with PVI Holdings as its distribution partner, Sun Life Vietnam will continue its commitment to helping Vietnamese clients achieve lifetime financial security by offering a strong suite of life insurance, health riders and savings products.
“Vietnam is one of the fastest growing economies for life insurance and pensions in Asia and this transaction will enable us to strengthen our platform in this market,” Steel said, adding that Sun Life is excited about its future, especially in Vietnam.
Larry Madge, general director of Sun Life Vietnam, said the firm’s business grew strongly last year and that it is aiming high for the coming years though it is new to the Vietnamese market. The company is determined to be one of the best insurance companies in Vietnam.
“We will leverage our dynamic, client-centric and high performance startup with the global experience of Sun Life Financial Inc. We are already the market leader in corporate sales and will continue to strengthen our presence while leveraging the expertise from our parent company to take Sun Life Vietnam into the next phase of growth,” said Madge.
Sun Life Vietnam said it has established itself as a market leader and industry pioneer in pensions.
Sun Life Financial provides a wide range of protection and wealth products and services to individuals and corporate customers. It has operations in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.
Source: thesaigontimes.vn
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