According to Prudential Vietnam, with more than 25 years of experience in the life insurance and financial services sector in Asia, Mr. Kwon has made outstanding achievements in promoting growth, improving operational efficiency, and having many innovative initiatives in focusing on customers.
Mr. Kwon's appointment emphasizes Prudential Group's commitment to long-term and sustainable development in the Vietnamese market, while affirming its role as a trusted partner for Vietnamese families.
Mr. Kevin Joong Kwon officially assumed the role of General Director of Prudential Vietnam, after being approved by the Ministry of Finance .
Mr. John Cai, Regional Chief Executive Officer, shared: "The appointment of Kevin Joong Kwon marks a new chapter for Prudential Vietnam as we continue to build on the strong foundation we have built in this market. Mr. Kwon's leadership and deep understanding of the market will play a key role in our journey to adapt to the changing industry and the increasing expectations of customers."
In his new role, Mr. Kwon is expected to lead and execute Prudential's strategy in Vietnam, one of Prudential's most important growth markets in Asia. Mr. Kwon will focus on enhancing customer experience, expanding distribution capabilities and maintaining Prudential Vietnam's market position, thereby contributing to creating long-term sustainable values.
Mr. Kevin Joong Kwon - General Director of Prudential Vietnam - has more than 25 years of experience in the life insurance and financial services industry in the Asia region.
“I am honored to return to Prudential and Vietnam, a country that I have always loved and have spent many years working for in my career,” said Kevin Kwon, CEO of Prudential Vietnam.
"We have a responsibility to help customers protect their future and redefine the way life insurance is perceived through quality, transparency and practicality. My top priorities will be to increase customer trust, empower our people to act with purpose and integrity, and develop quality distribution channels that are aligned with Prudential's core values, thereby creating sustainable, long-term value for all customers and partners," he added.
Mr. Kwon began his career in life insurance at Prudential and has held senior positions in leading markets and insurance companies. He has extensive expertise across a range of areas including agency, banking, underwriting, product and corporate strategy.
In 2024, Prudential Vietnam will continue to strengthen its operations, enhance customer experience and proactively adapt to market fluctuations. The company's total assets, as announced, reached VND189,000 billion, up 7% over the same period last year, affirming its position as the second largest life insurance company in terms of asset size and the largest among foreign life insurance companies in Vietnam. Total investment assets increased by 10.3%, reaching VND168,200 billion.
With a strong solvency margin of 193%, Prudential said it is always ready to fully meet its insurance obligations and provide long-term financial security to customers.
Prudential Vietnam Assurance Private Limited (Prudential) is a member of Prudential plc, a group providing life insurance, health insurance and wealth management solutions in 24 markets across Asia and Africa. Prudential's mission is to be the most trusted companion and protector for today and future generations, by providing simple and accessible financial and health solutions.
By the end of December 2024, Prudential has a charter capital of VND 7,698 billion and operates all life insurance businesses with a widespread business network.
With the slogan "Listen. Understand. Act", Prudential affirms its commitment to always put customers at the center of all activities, providing creative and comprehensive solutions to protect financial security, helping customers increase their assets and proactively take control of their life plans.
Source: https://dantri.com.vn/lanh-doanh/prudential-viet-nam-co-tong-giam-doc-moi-20250707165237519.htm
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