Manulife Financial Group has just announced its business results for the third quarter of 2024 with outstanding growth in many business indicators, continuing the growth momentum of the previous second quarter.
According to the Q3/2024 business results report, Manulife Global recorded impressive growth when Annual Premium Revenue (APE) increased by 40%, New Business Margin (New Business CSM) increased by 47%, New Business Value (NBV) increased by 39%, compared to the same period last year.
Meanwhile, Manulife Asia recorded APE of USD 1,372 million, up 64% year-on-year, thanks to sales growth in Hong Kong, China, Singapore and Japan. At the same time, NBV reached USD 481 million, up 55% year-on-year. This helped Manulife Asia record Core Earnings of USD 453 million, up 17% year-on-year. New Business CSM reached USD 435 million, up 45% year-on-year in 2023.
In the Vietnamese market, in the third quarter of 2024, Manulife Vietnam paid more than VND 2,000 billion for health benefits, maturity benefits and other contract benefits and payments. The accumulated figure for the first 9 months of 2024 is more than VND 6,000 billion. The company has processed nearly 370,000 insurance benefit claims since the beginning of the year. Currently, 100% of customers submit claims online on Manulife's eClaims 3.0 platform.
Last quarter, Manulife Vietnam focused on improving customer experience with a series of outstanding activities such as: Deploying a recording solution during the investment-linked insurance product consultation process to protect customers' rights, bring transparency and peace of mind; simultaneously upgrading transaction offices in Thanh Hoa, Nghe An, District 7 - Ho Chi Minh City, Da Nang, Hai Phong; launching the multi-utility insurance application 'Manulife Vietnam', helping customers easily manage and look up contract information and perform necessary transactions on mobile devices.
In parallel, Manulife Vietnam also continues its strategy of investing in community health with the "Clean - Smart - Green Living" program to raise people's awareness of building a healthy lifestyle to minimize health and financial burdens. Within the framework of the program, Manulife Vietnam organized two free health check-ups and gastric HP testing events for people in Ho Chi Minh City and Hanoi. In November and December 2024, Manulife Vietnam continued to expand the program to more than 10,000 people in provinces and cities including Hanoi, Ho Chi Minh City, Hai Phong, Thanh Hoa, Nghe An, and Da Nang.
In addition to upgrading the health product 'Live Healthy Every Day' to version 2024 with many optimal benefits for customers, Manulife Vietnam will launch the "Show Off Your Health" challenge to encourage the community to 'show off' a healthy lifestyle, spread plans and tips to help protect health and improve quality of life.
| As a Canadian insurance company with the largest charter capital in the life insurance market, Manulife Vietnam is serving nearly 1.5 million customers nationwide. Most recently, Manulife Vietnam was recognized as one of the 'Top 3 Largest Life Insurance Companies in Vietnam' by Vietnam Report, and is considered one of the insurance companies with the strongest financial capacity. In addition, Manulife Vietnam's M-Pro insurance contract issuance verification and supervision process was also honored as "Digital Transformation Initiative of the Year" at the Insurance Asia Awards 2024. |
Source: https://thanhnien.vn/quy-3-2024-tap-doan-manulife-toan-cau-tiep-tuc-tang-truong-an-tuong-185241114084745271.htm
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