Annual Report Essay

Vietnam Supplement Economy times

Annual Report

Ministry of Finance’s Circular Report No. 156/2007/TT-BTC. December 20, 2007

Company's name: MSIG Insurance Vietnam Limited liability Company.

Abbreviated Company’s Name:   MSIG ltd. (Vietnam)

Report date: Jan. 01. 2010- Dec 31. 2010.

I. Company's History

  * MSIG's Key milestones

Establishment: PNT MSIG LLC. (Vietnam) was established on September 18, 2008. Business license number is   54/GP/KDBH; however, the company officially operated from March 2009.

Other significant events: None

  * Company's growth

+ MSIG (Vietnam) Ltd.’s has been operating in Life Insurance industry.   The company provides extensive rang of insurance products and services in order to meet the demands in Vietnam.

+ MSIG (Vietnam) Ltd.’s activities: MSIG has established the management regulation, activity process, and necessary approach to operate efficiently. The company is committed to abiding by law and regulation in its business activities along with maintaining the professional ethic standard at the highest level.   During 2010, The Company reached many achievements, accomplished company’s goals as well as attained high growth rate comparing to year of 2009.

  * Development strategies

+ Key Vision: MSIG's vision is to create world-leading insurance and financial services groups that continue to seek sustainable growth and to enhance enterprise value.

+ Intermediate-term and long-term strategies: In 2011 and following years, MSIG (Vietnam) Ltd. will continue to generate and attract more potential customers, along with expand to other markets. Besides the conventional products, the company will focus on developing new products and improving the quality to meet the customer's need. Professional training and improving employee's skill and proficiency will be focused.

II. Board of Directors’ report

MSIG (Vietnam) Ltd.’s finance is in healthy condition with the liquid ratio is 12,99 times greater...