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This profile was last updated on 1/15/14  and contains information from public web pages.

Chairman and Country President

ACE Life Vietnam

Employment History

  • General Director
    ACE Life Vietnam
  • Chairman and Country President
    ACE Life
  • General Director
    ACE Life

Board Memberships and Affiliations

28 Total References
Web References
Mr Lam Hai Tuan, Chairman ..., 15 Jan 2014 [cached]
Mr Lam Hai Tuan, Chairman and Country President of ACE Life Vietnam, said, "ACE eSMART has revolutionized the way ACE Life Vietnam's account representatives conduct their business.
Lam Hai Tuan, director ..., 27 Feb 2012 [cached]
Lam Hai Tuan, director general of ACE Life Vietnam, said that the while the financial market will face many new impediments this year, correct exploitation and management could still see insurers grow.
ACE Life, the global life ... [cached]
ACE Life, the global life insurance division of ACE Group, today announced that it was awarded the Sustainable Development Enterprises certification and Lam Hai Tuan, chairman and country president of ACE Life in Vietnam, was honoured with the Global Ethics in Business Ambassador Award by the World Federation of UNESCO Clubs, Centers and Associations (WFUCA) last night in Hanoi.
VietNam News, 9 April 1998 [cached]
According to Lam Hai Tuan, representative of ACE, an American insurance company licensed in 2005, the company's operations in Viet Nam was a turning-point in its strategy for developing life insurance in the Asian region.
Lam Hai Tuan, general ..., 8 July 2006 [cached]
Lam Hai Tuan, general director of ACE Life, said that the market in Vietnam is full of potential. Main customers are aged 26-45 and responsible for their families and relatives, especially those who are married and want to protect what they have created. Tuan said that life insurance is on the increase and cited ACE as evidence. Though ACE has been in Vietnam for just over a year it grew 99 per cent in April, 20 per cent in May and 85 per cent in June. Tuan said many companies put quantity over quality. The market is changing and it is time for more intensive development. Agents must not be simple go-between but analysts. They must be able to analyse customers' needs to give appropriate answers. More importantly, providers need to promote the idea that 'the main objective of life insurance is to protect, not to invest', and it's not quite right to compare life insurance with investment in gold, securities or property, or even bank savings, he said. It is for this reason that many customers terminate policies when bank rates on deposits go higher (9-10 per cent/year) than insurance yields. Tuan said it is time to offer products that are truly protective, with high nominal value. He offered one example: a customer has an annual income of VND100m and wants long-term protective products, for life insurance, so his relatives receive at least fivefold the insured income (VND500m). "It is possible that this will limit the number of people buying life insurance but it will return to life insurance its real significance," Tuan said.
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