MSIG Insurance celebrates 10 years of growth in Vietnam
22 March 2019, Vietnam — General insurer, MSIG Insurance (Vietnam) Co., Ltd. (MSIG Vietnam), celebrated its 10th anniversary recently at the Sheraton Hanoi Hotel and Hotel Nikko Saigon (Ho Chi Minh City) on 11th and 12th March 2019 respectively. More than 500 partners, customers and staff attended the celebrations which mark the success of MSIG Vietnam that could only have been achieved with the strong support of its partners and customers over the years.
It was an honour to also have guests-of-honour, Mr. Phung Ngoc Khanh, Director General of Insurance Supervisory and Authority, Ministry of Finance, Mr. Kunio Umeda, Ambassador of Japan in Vietnam, and Mr. Junichi Kawaue, Consulate General of Japan, grace the occasions.
MSIG has been doing business in Vietnam for over 25 years, beginning with a representative office of the Tokyo-based Mitsui Sumitomo Insurance in Hanoi in 1994. In 2009, a subsidiary office was established and that marked the beginning of MSIG Insurance (Vietnam). The company started out by supporting Japanese corporate clients, and within 10 years, laid the foundation to also expand its business to offer insurance solutions to non-Japanese clients and develop its bancassurance channels.
“Since its establishment, MSIG Insurance (Vietnam) has been contributing to the development of the Vietnamese economy by supporting the expansion of Japanese corporate businesses through general insurance solutions. Today, we also support Vietnamese corporate businesses and the portfolio of non-Japanese clients have increased to 20%”, said Mr. Noriyuki Hara, President and Chief Executive Officer (CEO) of Mitsui Sumitomo Insurance Co., Ltd.
“Among our global activities, our main focus is on Asia. We are the largest non-life insurance company in the region to operate in all 10 ASEAN countries. Among these countries, Vietnam is one of the most noteworthy. We will continue to push ourselves to achieve more and provide the highest level of service quality to our clients to contribute to the further development of Vietnam. We truly appreciate the continuous guidance and encouragement from all our clients and partners”, Mr. Hara continued.
On this occasion, the Minister of Finance also presented MSIG Vietnam with a “Certificate of Merit” to recognise the company’s efforts in contributing to the development of Vietnam’s insurance industry from 2009 to 2018. The recognition is testimony of the strong relations that MSIG has in the country and encourages its staff to continue to go above and beyond to serve the needs of their customers in Vietnam.