Dai-ichi Life Vietnam spurs capital to US$117 million
Monday, January 23,2017AsemconnectVietnam - Japan’s Dai-ichi Life Holdings Inc has decided to raise the chartered capital of Dai-ichi Life Insurance Company of Vietnam Ltd (Dai-ichi Life Vietnam) by US$17 million to US$117 million.
Previously, the company had raised its capital from US$25 million to US$72 million after one year of operation. Then early last year, the figure was up US$100 million in order to enhance its operation scale.
Dai-ichi Life Vietnam is currently one of the biggest life insurers by capital in Vietnam.
Its total premiums revenues reached VND5.3 trillion last year, up a staggering 51% over the previous year.
The firm has around 200 offices nationwide and some 1.6 million customers. Its market share was 4.4% in 2007, and the figure last year rose to over 10%, maintaining its position as one of the four leading life insurance companies in Vietnam.
Dai-ichi Life Vietnam has inked cooperative agreements with many partners such as HDBank, VNPost, Mocap, LVPBank, ACB, Sacombank, VPBank, VP Securities, OCB and BABank to sell its products and services to potential customers.
Source: thesaigontimes.vn
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