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Banking & Finance

Liberty Insurance among Top 10 reputable non-life insurers

Released at: 15:34, 11/07/2018

Liberty Insurance among Top 10 reputable non-life insurers

Photo: Liberty

Company the first foreign enterprise in Top 10 best non-life insurance companies in 2018, according to Vietnam Report.

by Khanh Chi

In the latest independent research compiled by Vietnam Report regarding Vietnam’s insurance sector in 2018, Liberty Insurance was named among the Top 10 with the best reputation in non-life insurance and was the only limited liability company and the first 100-per-cent foreign-owned insurer to make the list.

According to analysts, the list honors banks, insurance and stock companies that have already carved out a name for themselves in the finance and banking field with strong strategic business plans and solid reputations among customers and investors.

The list was compiled via independent research by Vietnam Report, based on the Media Coding method (media data encryption) on media collected by Vietnam Report and its partners since 2012. Insurance companies were selected and ranked on three criteria: financial capacity shown in audited statements, media credibility evaluated by media coding, and client satisfaction towards their insurance products and services.

“Being the third-largest property and casualty insurer in the US and the sixth largest in the world, Liberty has made ceaseless efforts to secure our leading position,” said Mr. Nguyen Ngoc Duc, Marketing Director of Liberty Insurance. “In Vietnam, we pride ourselves on being the first 100-per-cent foreign-owned company to be ranked in the Top 10. This expresses the credibility we have established with Vietnamese customers.”

Liberty Insurance is the first insurance firm in Vietnam to set up a 24/7 customer service center, totally free of charge. It is also the pioneer in distributing online insurance and issuing online insurance certificates via their website and now leads the market in online insurance.

Not only focusing on developing its service center network, Liberty also enhances new methods of distribution such as bancassurance through cooperating with banks and also works alongside leading car manufactures and other high-tech partners such as Timo Ebank, Momo E-Wallet, Tiki, Adayroi Ecommerce, and JioHealth, a comprehensive clinical services provider.

It continues to introduce new insurance products to meet rising customer needs, such as launching CancerCash Cancer Insurance in August 2017 to help provide more choice to customers to protect themselves and their families.

With its pioneering innovations in the insurance industry, Liberty will continue to maintain its position as the leading insurer in Vietnam and its prospects of bringing even greater benefits to Vietnamese customers.

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