Newcomer in Vietnam Non-life Insurance Market

1:00:21 PM | 17/12/2010

Cathay Vietnam Non-life Insurance Company, an affiliate of the Taiwan’s largest financial company Cathay Group, officially made a debut in Ho Chi Minh City on December 8, 2010.
 
The company, with a total capital of VND300 billion, provides a wide range of insurance products like property insurance, liability insurance, transportation insurance, health insurance, casualty insurance, engineering insurance, etc.
 
Mr Pin Lin Yao, President and CEO of Cathay Non-life Insurance Company, said: “We are very impressive with an emerging, dynamic and fast-growing economy and a potential non-life insurance market like Vietnam. We wish to contribute our part to the development of Vietnamese financial market and economy.”
 
In the next five years, Cathay Insurance will set up a broad system supported by two central agents in the north and in the south. The company will apply its successful models in Taiwan to Vietnam.
Quang Dai
 

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