LIFE INSURANCE GENERALI VIET NAM LIMITED COMPANY

LIFE INSURANCE GENERALI VIET NAM LIMITED COMPANY (Vietnamese: CÔNG TY TNHH BẢO HIỂM NHÂN THỌ GENERALI VIỆT NAM) is one of the most prominent foreign life insurers in Vietnam. Backed 100% by ASSICURAZIONI GENERALI S.P.A (Italy), the company has posted impressive asset growth and profitability, yet recent trends reveal underlying shifts that warrant close attention—especially for business partners, vendors, and investors seeking long-term engagements.

With over USD 686 million in total assets and USD 159.88 million in revenue in 2023, the company is undeniably large-scale. It reported a healthy USD 31.92 million in net profit, a 29.63% increase over the previous year, driven by rising equity and prudent capital management. However, what might surprise some observers is the sharp 15.98% drop in revenue compared to 2022. This decline, even amid growing profitability, raises questions about premium inflows, policyholder growth, or restructuring of operations.

Under the leadership of Chairwoman Ms. Jenni Sparks and General Director Ms. Nguyen T. H. T., the company employs 458 staff and operates branches in Hanoi and Da Nang, in addition to its main office in Ho Chi Minh City. With a paid-up capital of over USD 295 million, it holds a solid financial position.

But here’s the critical insight: while basic reports may highlight surface-level metrics like growth rates and ownership structures, a truly comprehensive risk evaluation demands more. For example:

• What is the claim ratio trend across product lines?

• How does the company manage investment risk with such a large asset base?

• What’s the historical persistency ratio of policyholders?

• Are there any compliance red flags or internal control weaknesses?

These questions go beyond what public data or surface reports can offer. That’s why, as a risk controller, I strongly recommend acquiring the full professional report from VANGUARD BUSINESS INFORMATION LLC (VBI). Their deep dive includes detailed credit risk assessments, compliance and regulatory history, shareholder exposure mapping, and real-time financial stress tests.

In today’s volatile financial services sector, decisions based on incomplete or inaccurate data can be costly. Whether you're assessing a partnership, exploring M&A, or reviewing vendor creditworthiness, a comprehensive VBI report isn't just helpful—it’s essential for sound business risk management.

Don’t rely on surface numbers alone. Invest in clarity. Order the full report from VBI and stay ahead of the risk curve.