Manulife Financial Group reaches agreement to transfer MVI Life in Vietnam to Asahi Life

(Dan Tri) - After the transaction is completed, the financial group will focus all its resources on serving customers in Vietnam through its core business at Manulife Vietnam.

Manulife Financial Corporation, through its subsidiary The Manufacturers Life Insurance Company, has announced that it has signed an agreement to transfer MVI Life to Asahi Mutual Life Insurance Company.

MVI Life, formerly known as Aviva Vietnam, was acquired by Manulife Group in 2021. Since then, MVI Life has operated as an independent life insurance company, operating separately from Manulife Vietnam. MVI Life recorded approximately $93 million in premium revenue in 2024 and had total net assets of approximately $134 million by the end of 2024.

Upon completion of the transaction, Manulife Group will continue to demonstrate its commitment to long-term investment and development in Vietnam through its core business of Manulife Vietnam - the first foreign-invested life insurance company licensed to operate in Vietnam since 1999.

Mr. Steve Finch, President and CEO of Manulife Asia, shared that this transfer agreement is in line with the group's strategic direction and reaffirms Manulife's long-term commitment to the Vietnamese market.

“As soon as we receive the necessary approvals and complete the transaction, we will focus all our resources on serving customers in Vietnam through Manulife Vietnam, one of the key markets in Manulife Asia's business operations since 1999.

We will continue to deliver outstanding service experiences and innovative solutions to meet our customers' health protection and financial planning needs.

We would also like to acknowledge and sincerely thank the leadership team and all employees of MVI Life for their great contributions to business operations and customer service over the past time," said Mr. Finch.

In the first half of 2025, Manulife Vietnam paid nearly VND4,000 billion in insurance benefits to customers (Photo: istock).

Manulife Vietnam is one of the leading life insurance companies in Vietnam. The company is serving nearly 1.5 million customers nationwide through a network of more than 60 offices, nearly 1,000 employees, and a team of about 50,000 financial consultants, along with an exclusive partnership with VietinBank .

In the first half of 2025 alone, Manulife Vietnam paid out nearly VND4,000 billion in insurance benefits to customers. The company said it has been constantly innovating products, improving service quality, promoting digital capabilities, and strongly developing the quality of its consulting team to provide comprehensive health, financial, and retirement protection solutions.

Founded in 1888, Asahi Life is the second oldest life insurance company in Japan and is among the leading life insurance companies in the market. Currently, the company serves more than 3 million customers with a team of about 19,000 employees.

In Vietnam, Asahi Life aims to strongly expand its business as a new life insurance company, based on its extensive experience in the life and health insurance sector, and eight years of presence through consulting, marketing, sales and product development cooperation with major insurance companies.

Manulife Group and Asahi Life are committed to working closely to ensure a smooth transition for customers, partners and employees. All insurance benefits of MVI Life will continue to be maintained and guaranteed, and MVI Life is committed to continuing to accompany and serve customers with the best quality. The transaction will be completed after meeting all approvals and procedures as prescribed.

Source: https://dantri.com.vn/kinh-doanh/tap-doan-tai-chinh-manulife-dat-thoa-thuan-chuyen-nhuong-mvi-life-tai-viet-nam-cho-asahi-life-20251201140456741.htm