Ho Chi Minh City, 30 March 2020 - FWD Vietnam Life Insurance Company Ltd. ("FWD Vietnam") today announced a plan to increase its charter capital from VND 3,675,000,000,000 to VND 13,937,245,000,000 dongs and become the largest life insurance company in Vietnam by charter capital.
The increase in charter capital demonstrates FWD’s strong commitment to sustainable and long-term operations with the vision of changing the way people feel about insurance.
Mr. Huynh Huu Khang, CEO of FWD Vietnam said: "Vietnam is one of the fastest growing insurance markets in Asia, and FWD is delighted to affirm our strong investment by increasing charter capital. This also demonstrates a commitment of responsibility to customers and partners, which in turn enhances the company's expansion and accessibility nationwide."
About FWD Vietnam
FWD Vietnam was established in 2016 and is a member of FWD Group, a leading Asian-pan life insurer. With the priority strategy on digital development, FWD Vietnam is a differentiated insurance company, with a solid foundation based on its own strengths: breakthrough products; high-quality distribution channels; digitized business processes and differentiate branding strategies.
FWD Vietnam is consistently recognized as one of the fastest-growing life insurance companies in the market.
For more information please visit www.fwd.com.vn
About FWD Group
FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan and Malaysia, offering life and medical insurance, general insurance, employee benefits, Shariah and Family Takaful products across a number of its markets.
FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.
Established in Asia in 2013, FWD is the insurance business of investment group, Pacific Century Group.
For more information please visit www.fwd.com
For further information or enquiries regarding the above notification, please contact:
Mr. Nguyễn Ngọc Thụy