CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED

CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED (CÔNG TY TNHH BẢO HIỂM NHÂN THỌ CHUBB VIỆT NAM) has cemented its place as one of Vietnam’s leading foreign life insurers. As a wholly-owned subsidiary of CHUBB INA INTERNATIONAL HOLDINGS, LIMITED (USA), the company brings international standards of risk protection to the Vietnamese market from its headquarters at 21st Floor, Sun Wah Building, No. 115 Nguyen Hue, Ben Nghe Ward, District 1, Ho Chi Minh City. Its tax code is 0303845969.

In 2023, CHUBB Life Vietnam maintained its growth in total assets and equity, reaching USD 803.5 million in assets and USD 241.9 million in equity — up 12.84% and 13.89% respectively from 2022. However, the company faced notable challenges: revenue dropped by 4.24% to USD 180.7 million, and net profit fell sharply by 20.2%, settling at USD 29.5 million. These figures signal that even global insurance players are not immune to the evolving pressures of Vietnam’s competitive and regulatory insurance landscape.

Led by Mr. LAM HAI TUAN, who serves as both Chairman and General Director, CHUBB Life Vietnam operates a lean workforce of 394 employees across major cities, including Hanoi, Da Nang, and Can Tho. Its core business remains life insurance, without expansion into non-life or diversified financial products. This strategic focus allows specialization but also exposes it to market saturation risks in the life segment.

While the company maintains a strong capital position and an operational license in good standing, the decline in profitability warrants closer attention from partners, reinsurers, and regulators. As VANGUARD BUSINESS INFORMATION LLC (VBI) highlights in its risk analysis reports, even large-cap insurers like CHUBB Life Vietnam can experience pressure on margins due to rising claim ratios, regulatory compliance costs, or changing consumer behavior.

For stakeholders evaluating credit or partnership opportunities, VBI’s Credit Reports, Due Diligence Services, and Industry Risk Benchmarks offer critical insights into financial trends, ownership structure, and market vulnerabilities. CHUBB Life Vietnam remains a formidable insurer with deep financial backing, but closer monitoring is warranted as the industry enters a more volatile growth cycle.

In today’s dynamic insurance market, transparency and agility will define long-term winners , and reliable intelligence from firms like VBI is key to staying ahead.