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CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED

Active

Business ID 0303845969

84-28 / 3827 8989 - 3827 8123

CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED

Active

Business ID 0303845969

84-28 / 3827 8989 - 3827 8123

CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED

Active

Summary

Name:

CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED

Business ID (TIN):

0303845969

Address:

21st Floor, Sun Wah Building, No. 115, Nguyen Hue Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3827 8989 - 3827 8123

Fax:

(84-28) 3821 9000

Financial Statement:

2019, 2020, 2021, 2022, 2023

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.

Legal Profile

English Name:

CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED

Vietnamese Name:

CONG TY TNHH BAO HIEM NHAN THO CHUBB VIET NAM

Short Name:

CHUBB LIFE VIETNAM

Business ID (TIN):

0303845969

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ LAM H.T

+ DUONG T.H

+ NGUYEN H.S

+ BUI T.H

+ LE P.H

+ NGUYEN K.T.D

Address:

21st Floor, Sun Wah Building, No. 115, Nguyen Hue Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3827 8989 - 3827 8123

Fax:

(84-28) 3821 9000

Branch:

Geleximco Building, No. 36, Hoang Cau Street, Dong Da District, Ha Noi City, Vietnam

Branch:

No. 104-106-108, Nui Thanh Street, Hoa Thuan Dong Ward, Hai Chau District, Da Nang City, Vietnam

Branch:

6th and 7th Floor, No. 8 Phan Dinh Phung Building, Tan An Ward, Ninh Kieu District, Can Tho City, Vietnam

Branch:

5th and 6th Floor, Central Building, No. 43, Quang Trung Street, Hong Bang District, Hai Phong City, Vietnam

Branch:

4th Floor, Queen Tower, No. 50, Le Thanh Phuong Street, Phuong Sai Ward, Nha Trang City, Khanh Hoa Province, Vietnam

Branch:

6th and 7th Floor, Sacombank Building, No. 333, Tran Hung Dao Street, My Quy Ward, Long Xuyen City, An Giang Province, Vietnam

Branch:

No. 222, Dien Bien Phu Street, District 3, Ho Chi Minh City, Vietnam

Branch:

4th Floor, Amata Building, Amata Trade Area, Long Binh Ward, Bien Hoa City, Dong Nai Province, Vietnam

Branch:

No. 654, Nguyen Trung Truc Street, 3rd Floor, Kien Giang Viettel Building, Vinh Lac Ward, Rach Gia City, Kien Giang Province, Vietnam

Branch:

5th Floor, Viettel Building, No. 298, Tran Hung Dao Street, Ward 5, Ca Mau City, Ca Mau Province, Vietnam

Branch:

No. 121, Hung Vuong Street, An My Ward, Tam Ky City, Quang Nam Province, Vietnam

Branch:

2nd-3rd Floor, Phuc Thanh Building, No. 01, Cau Sen Area, Thanh Son Ward, Uong Bi City, Quang Ninh Province, Vietnam

Branch:

No. 120, Le Thanh Tong Street, Bach Dang Ward, Ha Long City, Quang Ninh Province, Vietnam

Branch:

No. 54, Phu Loi Street, Phu Hoa Ward, Thu Dau Mot City, Binh Duong Province, Vietnam

Business Sector

Key business lines:

VSIC:

6511 Life insurance

NACE:

65.11 Life insurance

NAICS:

524113 Direct Life Insurance Carriers

Industry Sales Growth

CAGR (2019 - 2023)

15.19%

YoY (2023)

-12.41%

Companies by industry

Company distribution and propportions

438

0.0151%

Key Industry Players

Top 10 companies in life insurance industry

aia (vietnam) life insurance company limited prudential vietnam assurance private ltd cathay life insurance vietnam co., ltd. chubb life insurance vietnam company limited hanwha life insurance company limited (vietnam) life insurance generali viet nam limited company manulife (vietnam) company limited fwd vietnam life insurance company limited mb ageas life insurance company limited sun life vietnam insurance company limited

Payment History

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Financial Performance

Assets	42.30%
Owner’s Equity	-55.19%
Working Capital	-45.40%
Net Worth	6.81%
Sales	76.42%
Operating income	32.39%
EBIT	-53.32%
Gross Profit Margin	37.23%
Debt to EBITDA	5.13%

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Specific Questions About CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED

When did CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED start operating?

CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED don't share starts date information

What industry does CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED operate in?

CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED is operating in "Life insurance" industry

How can I contact CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED?

CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED phone numbers is 84-28 / 3827 8989 - 3827 8123

What adverse news is there about CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED?

CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED’s has no negative news

What is stock symbol of CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED?

CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED is not listed company

Where is the location of CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED?

CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED is located at 21st Floor, Sun Wah Building, No. 115, Nguyen Hue Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

What is CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED’s business registration?

CHUBB LIFE INSURANCE VIETNAM COMPANY LIMITED business registration is 0303845969

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