Dai-ichi Life was founded in 1902 as Japan's first mutual life insurance company (“Dai-ichi Mutual Life Insurance Company”). After Dai-ichi Life demutualized and was listed on the Tokyo Stock Exchange in 2010, it shifted to a holding company structure in 2016 (Dai-ichi Life Holdings Inc.).

Dai-ichi Life Group owns total assets worth US$ 515 billion, insurance premium revenue of US$ 64 billion (as of March 31, 2019). Besides Vietnam, Dai-ichi Life Group has been developing its life insurance business in India, Thailand, Australia, Indonesia and the United States. Dai-ichi Life Group has opened its Asia Pacific Regional Head Office in Singapore and North America Regional Head Office in New York.

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After more than 12 years of operation, Dai-ichi Life Vietnam has grown up over twenty times in terms of total premiums, affirming its position among the leading life insurance companies in Vietnam with solid and sustainable development. Especially in 2018, Dai-ichi Life Vietnam has risen to the top three in the market in terms of new premium revenue worth more than 11,500 billion dong and 13% market share. The company is serving 2.5 million customers through more than 1,300 staff and 92,000 financial consultants. Dai-ichi Life Vietnam is proud to hold the 3rd position in terms of customer service network with more than 295 offices and general agencies nationwide (as of May 31, 2019).

On October 3rd, 2018, Dai-ichi Life Vietnam obtained the approval from the Ministry of Finance for the eighth increase of capital up to nearly 7,700 billion dong. With this capital increase, Dai-ichi Life Vietnam becomes one of the top life insurance companies in terms of capitalization in Vietnam market, demonstrating the company’s solid financial strength and its commitment to being a “Lifetime partner” of Vietnamese customers.

On January 17th, 2018, at the Reunification Hall of Ho Chi Minh City, Dai-ichi Life Insurance Company of Vietnam (Dai-ichi Life Vietnam) solemnly organized the Awarding Ceremony of the Third Class Labour Medal, granted by the President of the Socialist Republic of Vietnam, for its excellent achievement to the economic development of Vietnam as well as its significant community contribution, especially in the CSR campaign to support poor patients during the past years.

Beside business endeavors, Dai-ichi Life Vietnam has so far pioneered and initiated various impactful philanthropy and community projects with the contribution of more than 27 billion dong. Dai-ichi Life Vietnam was honorably granted the “Corporate Social Responsibility Award” by Asia Insurance Review for two times, the first time in the year of 2013 with the project “For A Better Life” – providing clean drinking water for more than 24,000 pupils in the rural provinces of Vietnam, and the second time in November 2015 with the project “Million bricks for a happy life” - building 10 bridges in the rural areas of Vietnam.

On June 2nd, 2017 in Bangkok, Thailand, Dai-ichi Life Vietnam was honored to be the only life insurer in Vietnam winning the “Asia Responsible Entrepreneurship Awards” 2017, organised regionally by Enterprise Asia. This noble accolade highlights the company’s outstanding social responsibilities through its various community activities, together with its establishment of “For A Better Life” CSR Foundation in August 2016 to continue the mission of improving the living standard for the Vietnamese people.

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Dai-ichi Life Vietnam Fund Management Company Limited (DFVN) was established and operated since February 2014, formerly is the Investment Department of Dai-ichi Life Insurance Vietnam Co., Ltd., which is one of the first foreign-owned Life Insurance companies established in Vietnam. Since 2006, the Investment Department of Dai-ichi Vietnam Life Insurance Co., Ltd., has been entrusted with managing life insurance funds for customers of Dai-ichi Life Insurance Vietnam Co., Ltd. and has succeeded in managing and creating increased value of investment income for managed assets.

With the planned mission, DFVN, together with the member organizations of Dai-ichi Life Group, provides Vietnamese clients with comprehensive financial solutions by offering investment fund products – asset creation and professional, quality asset management services that deliver long-term sustainable value and optimal return on investment. Based on that, DFVN aims to become a prestigious Fund Management Company which is selected by investors and ranked among the companies with the best investment performance in Vietnam.

The Code of Conduct shall be applied to all employees working at all divisions in order to:

• Stipulate principles, contents and guidelines to apply standards of professional ethics to all employees working at the Company. Understanding and complying with not only words but also the spirit of the Code are required to develop professional reputation for the Company in the market and the society;
• Specify the responsibilities that all employees shall comply with during their working time at the Company; and
• Guide all employees to understand and implement the Code. Therefore, to comply with the Code is one of the working conditions in the Company. All employees shall understand clearly to comply with the contents of the Code besides the provisions prescribed in the labor contract and internal rules of the Company.

Asset Allocation

The Asset Allocation Guideline shall be applied to ensure the effectiveness of the investment portfolio on following principles:

• To balance risk and return by diversifying the investment portfolio, in order to help customers achieving its long-term investment plan.
• To comply with investment objective, investment restriction or other criteria as prescribed in guidelines of customers and internal rules of the Company. and
• To comply with the provisions of relevant laws.

Valuation policy

The Valuation Policy shall be applied to determine value of the investment assets in the portfolios of funds on following principles:

• The asset value is calculated in an accurate manner in accordance with the provisions of relevant laws, the fund charter and investment portfolio management agreement signed with customer.
• The valuation shall reflect investment transactions in an accurate, timely and full manner based on most recent transactions executed.
• Valuation items (including shares, cash and other investments) shall be regularly compared with original documents. Inconsistent items shall be immediately dealt with.
• The comparison of documents in connection to the fund’s asset with the supervisory bank shall be periodically implemented at least once per month.

Proxy Voting

The Proxy Voting Policy shall be applied to ensure that the Company exercises voting authority for portfolio securities (equities) consistent with the best interests of its customer and vote them in an informed and responsible manner on following principles:

• Focus on creating long-term sustainable value.
• Protect shareholder rights.
• Ensure independent, effective, and accountable Board of Directors.
• Align Management incentive schemes with long-term interests of stakeholders.

Risk Management

The Risk Management Guideline shall be applied to minimize the negative impacts and optimize potential business opportunities on following principles:

• To provide a method to approach risks in a systematic way to early identify and manage risks.
• To provide criteria for risk assessment accordingly.
• To monitor and evaluate risk level to ensure that the risk remains within an acceptance level in case it cannot be resolved completely.