In his new role, Kevin Joong Kwon will oversee Prudential's strategy in Vietnam, focusing on enhancing customer experience, expanding the distribution network, and maintaining the company's market leadership. According to a Prudential Vietnam representative, the CEO appointment reflects the company's long-term development orientation and reinforces its commitment as a trusted partner for Vietnamese families.
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Prudential Vietnam CEO, Kevin Joong Kwon. Photo: NVCC |
Prudential Vietnam CEO, Kevin Joong Kwon. Photo: NVCC
Kwon expressed his connection to Vietnam and his desire to continue contributing to this market. He emphasized his focus on enhancing customer trust, motivating the team's development based on the company's foundation, objectives, and integrity, and developing distribution channels aligned with Prudential's core values.
"We have a responsibility to support our customers and reshape perceptions of life insurance through quality, transparency, and practicality," Kwon said.
Kevin Joong Kwon has over 25 years of experience in the life insurance and financial services industry in Asia. Before joining Prudential, he held various senior management positions at major insurance companies. His expertise spans agency channels, bancassurance, insurance transactions, products, and corporate strategy.
John Cai, Prudential's Regional CEO, praised Kwon's leadership and market understanding. Cai considers this a crucial step for the company to effectively adapt to industry changes and the increasing expectations of Vietnamese customers.
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Prudential Vietnam headquarters. Photo: Prudential |
Prudential Vietnam headquarters. Photo: Prudential
In 2024, Prudential Vietnam continued to enhance operational efficiency, improve customer experience, and proactively adapt to market fluctuations. The company's total assets reached 189,000 trillion VND, a 7% increase compared to the same period last year. Investment assets reached 168,200 trillion VND, a growth of 10.3%, and the solvency margin was maintained at 193%.
A company representative stated that with a high solvency margin, Prudential Vietnam is always ready to fully meet its insurance obligations, providing long-term financial security for customers. Prudential Vietnam Life Insurance Company Limited is a member of Prudential plc, which offers life insurance, health, and asset management solutions in 24 markets across Asia and Africa. As of the end of 2024, Prudential Vietnam had a charter capital of 7,698 trillion VND.
Prudential Vietnam has a widespread distribution network, providing simple and accessible insurance, health, and financial solutions tailored to the needs of diverse customer groups. The company states its commitment to innovation to deliver comprehensive products and services, supporting customers in ensuring financial security, improving their quality of life, and proactively planning for the future.
Hoang Dan
