As part of our global strategy, we have today announced that we will no longer offer Consumer insurance in Vietnam (except Travel Insurance) with effect from 22 December 2016.
This decision is based on our assessment of future market growth potential and our ability to continue to provide cost-effective, market-leading Consumer products in Vietnam.
Employees have been informed through townhall briefings and impacted employees are being supported regarding what this change means for them.
We have started the process of informing our Clients, Brokers, Agents, Policyholders and suppliers as appropriate.
This decision will not impact our ability to serve our Multinational clients and Travel partners in Vietnam, as the team will continue to support these clients.
We are committed to growing our Commercial and Travel business in Vietnam, with a clear focus on products and services to take advantage of the opportunities in the local market.
Please feel free to cascade this message to your teams as appropriate.