Hanwha Life increases rank in ‘Top 500 largest enterprises in Vietnam 2024’

Compared to 2024 and 2020 alone, the unit increased by 88 places in the ranking of the Top 500 largest enterprises in Vietnam. Vietnam Report highly appreciated Hanwha Life Vietnam in important indicators, including charter capital of nearly 4,900 billion VND, as one of the life insurance companies with strong financial potential in the market.

In November 2024, the company’s total assets reached more than 20,400 billion VND, an increase of nearly 11% compared to the end of 2023, putting the unit in the top enterprises with impressive asset scale in the insurance market.

In 2024, Hanwha Life Vietnam’s total insurance benefit payments will increase by more than 10% over the same period, equivalent to nearly 459 billion VND for more than 48,700 medical treatments, deaths, injuries, accidents, and serious illnesses. poor…

Ms. Truong Thi Van Anh – Marketing Director of Hanwha Life Vietnam – said she is proud that the company has been in the Top 500 largest enterprises in the country for 5 consecutive years. This result is even more meaningful when in the past two years, economic fluctuations have had more or less impact on the business community.

“Thanks to the solid foundation, correct and sustainable strategy that has been built, Hanwha Life Vietnam is brave enough to overcome market fluctuations, increase brand value and financial strength. This title has just been awarded. is both an encouragement and a motivation for us to continuously improve and welcome new achievements,” Ms. Van Anh said.

The strategy of prioritizing “quality” before growth in “quantity” is one of the important factors that help the unit maintain growth momentum and business resources.

After 17 years of operation in the Vietnamese market, Hanwha Life has developed multiple distribution channels including: agents (individuals, general agents, organizational agents), banking cooperation, online channels…

“In which, agents are the key channel, contributing up to 80% of the company’s insurance premium revenue,” Ms. Van Anh said.

A pioneer in making coaching and training an important component of business strategy, turning orientation into action. Specifically, the board of directors emphasizes the content of developing skills, product knowledge, management… to provide foundational knowledge and capabilities for the business system, connect the team and keep “” fire”, increasing love for the profession.

Currently, the unit owns a diverse business network and a large range of services, with 130 offices and more than 37,000 financial consultants throughout Vietnam.

“In the coming time, we will continue to invest in dealer systems, sales offices and service centers, especially in big cities to bring customers a seamless, convenient and fast experience,” Ms. Van Anh said.

In recent years, Hanwha Life Vietnam has continuously received great titles from domestic and international organizations such as: “Top prestigious life insurance service in Vietnam” for the 10th time at the Golden Dragon Award; “Top 10 reputable life insurance companies” by Vietnam Report for 8 consecutive years (2017-2024); “Business for the community” from Saigon Times for 4 years (2021-2024); “Best place to work in Asia” by HR Asia for three consecutive years (2022-2024).

In the next step, the company remains steadfast in its sustainable development strategy, “taking the customer as the focus”, contributing to improving the quality of life, creating peace of mind through a series of insurance products and services. tailor-made shoes” for Vietnamese people.

For the 18th consecutive year, Vietnam Report has announced the VNR500 ranking (Top 500 largest enterprises in Vietnam 2024). The evaluation council is objective, independent and transparent according to the Fortune 500 model, based on important indicators such as: total revenue, total assets, labor scale, growth rate, profit and reputation. on the media.