Generali gets license to operate life insurance in Vietman

“Generali is ready to begin operations in Vietnam,” said the Trieste-based insurer in a statement.

Assicurazioni Generali SpA (G.MI) said Thursday it received a license to operate in Vietnam to run life insurance operations, as Italy’s biggest insurer expands in the fast-growing Asian countries.

The new license extends Generali’s presence in Asia to eight countries, including China and India.

This area represents a strategic market in view of its high economic growth and high household savings prosperity, it added. – DowJones

Tags: Generali Vietnam, Vietnam insurance, Vietnam insurance industry, Vietnam insurance market, Vietnam Life insurance

Posted by VBN on Apr 22 2011. Filed under Insurance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry