Ho Chi Minh City, 26 September 2022 – Chubb Life Vietnam and Medici Insurance Technology Joint Stock Company (Medici) today announce they have signed a strategic partnership agreement. The new partnership gives Medici’s customers access to Chubb Life Vietnam’s insurance products, diversifying Chubb Life Vietnam’s distribution channels and allowing Medici to significantly expand its portfolio of life insurance products and health services.
Under this partnership framework, Medici – a technology firm endeavoring to provide accessible, trustable, and affordable life insurance products and healthcare services to every Vietnamese – has been appointed as Chubb Life’s non-exclusive corporate agency meaning Medici will work closely with Chubb Life Vietnam to facilitate training activities, create, support, and promote business, helping Medici's nationwide sales team quickly master Chubb Life Vietnam's products, thereby distributing Chubb Life Vietnam's solutions (including Senior Universal Life, Premier Choice Universal Life, Premier Youth Universal Life and Chubb Care) to Medici’s existing customers and a wider range of new customers throughout Vietnam.
According to the statistics from the Insurance Association of Vietnam, as of 2021, only around 11% of the population has life insurance protection. However, the demand for life insurance has seen double-digit growth in both new premiums and contracts over recent years. This demand is driven by the increased awareness of life insurance and the need for more comprehensive health and financial insurance protection due to the uncertainties people have experienced during the global pandemic. The partnership of Chubb Life Vietnam and Medici is a response to that need, it will make life insurance more easily accessible as Chubb Life’s superior life insurance products are made more widely available through Medici’s system of professional consultants and advanced technology platform which provides the customers with a seamless experience.
«Our goal is to deliver the true value of life insurance through the right distribution channels. At Chubb Life Vietnam, we select our partners very carefully and our new partnership agreement with Medici is a perfect example of our well-thought-out process. We believe Medici's experienced team of professionals, modern business model, and solid technology foundation will complement Chubb Life Vietnam in accelerating our plan to bring more life insurance protection to Vietnamese customers.» said Mr. Nguyen Hong Son, Country President of Chubb Life Vietnam.
From Medici, Mr. Ngo Duc Anh, Founder and CEO of Medici said: «The partnership with Chubb Life Vietnam – a member of Chubb Group, one of the world's leading insurance companies, is one of Medici's strategic steps in diversifying our portfolio with market-leading life insurance products. Chubb Life Vietnam's digital platforms will support our team in improving the efficiency of consultations, care and support to settle claims for our customers. We believe this partnership will help both parties achieve their shared vision of protecting millions of Vietnamese families.»
Health and a solid financial foundation have always been the key concerns for Vietnamese families, especially after the events of the Covid-19 pandemic. And this strategic partnership is a strong demonstration of the common values that Chubb Life Vietnam and Medici share. The new partnership will help bring life insurance closer to customers of Medici so they can live their lives with confidence, offering the support of good health protection and safeguarding strong financial standing.
Ho Chi Minh City, 20 December 2021 – Chubb Life Insurance Vietnam Company Limited («Chubb Life Vietnam») announced the appointment of Mr. Nguyen Hong Son to the role of Country President of Chubb Life Vietnam following approval from the Ministry of Finance on 17/12/2021. Mr. Nguyen is responsible for leading Chubb Life’s operations in Vietnam, which provides life insurance, protection and financial planning solutions to meet the financial protection and security needs of a broad range of customers.
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Chubb announced it will offer up to 100 million yuan in clinical trial liability insurance protection on a pro bono basis to qualified domestic medical research and development entities to promote the rapid development of drugs and/or vaccines to fight the outbreak of novel coronavirus (2019-nCoV) first reported from Wuhan, China.
Chubb’s human clinical trial liability insurance provides cover to third parties’ bodily injury caused by any negligence and/or defect in the trial and related activities, such as the protocol, informed consent form, testing drug, or combination drug during the clinical trial process.
Chubb’s pro bono support is targeted to domestic research and development institutions, enterprises and clinical trial centers that have obtained permission to sponsor the human clinical trials to develop the drug to treat new coronavirus infection pneumonia in the territory of People's Republic of China. Human Clinical Trial protocol and informed consent form are required to apply for this insurance product.
Chubb will monitor the development of the antiviral drug and vaccine research and may provide more support in the rapidly developing situation as conditions warrant.
Chubb China has been quickly reacting to the outbreak of the new coronavirus. Customer service quality and employee safety have been prioritized. Emergency plans were activated immediately, together with the launch of a claims response and priority claims policy to clients.
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Chubb Life Vietnam was recently voted among "Vietnam 100 Best places to work 2017" and also ranked in the Top 5 in the insurance sector, according to an independent online survey conducted by Anphabe Career and Intage Vietnam Market Research Company.
This recognition is a testament to Chubb Life Vietnam's talent strategy in the local labor market and also reflects the company's constant efforts towards the highest standards of ethnics, professionalism, client service and productivity.
This year survey was run from November 15,2017 to January 20, 2018,on over 62,000 respondents with at least one year of work experience from 25 occupations accross the country. The evaluation is based on a combination of the factors: wage, bonus and benefits; career development opportunities; corporate culture and values; leadership and management; work-life balance; and corporate reputation.
First run in 2013, this annual survey becomes the most reliable source of information providing latest Talent & EB trends. It is also used as a guideline to consult hundreds of leading enterprises in order to become attractive workplaces and create a professional and happy workforce.