Pivotal time for makeup of Vietnamese insurance

Pivotal time for makeup of Vietnamese insurance

After a decade of consistent growth, Vietnam’s insurance industry is now undergoing a period of adjustment. The total insurance premium in 2023 fell by 8.4 per cent to $9.5 billion, with the life insurance sector experiencing the most significant on-year decline at 12.5 per cent.
Fund for social insurance to be bolstered

Fund for social insurance to be bolstered

Efforts are gearing towards improving the relevant regulatory system for social insurance fund efficiency, further fostering economic development as well as social wellbeing.
Bao Minh Insurance team up with technology partner Hillridge to offer insurance for farmers

Bao Minh Insurance team up with technology partner Hillridge to offer insurance for farmers

Australian insurtech firm Hillridge launched a new partnership with Bao Minh Insurance on March 7 to protect Vietnamese acacia timber farmers.
Non-life segment leads the pack in insurance gains

Non-life segment leads the pack in insurance gains

The life insurance segment in Vietnam is struggling amid a confidence crisis, while non-life insurance has exhibited robust growth and lured in foreign investment.
Bao Viet Life Corporation works for and contributes to the community

Bao Viet Life Corporation works for and contributes to the community

Bao Viet Life Corporation has organised many social activities, including the For a beautiful Vietnam initiative.
Igloo raises $36 million in funding

Igloo raises $36 million in funding

Igloo has secured $36 million in pre-series C funding and is now targeting Vietnam for expansion.
Non-life insurance to engage customers

Non-life insurance to engage customers

The insurance landscape in Vietnam is undergoing massive change. The risks Vietnamese people are exposed to on a daily basis are on the rise and becoming increasingly unpredictable.
Sun Life Vietnam charts sustainable path to long-term client and community value

Sun Life Vietnam charts sustainable path to long-term client and community value

Sun Life Vietnam, part of Canadian insurance giant Sun Life, is navigating a sustainable path by offering enduring value to its clients while making contributions to the larger Vietnamese community.
AAA Insurance rebrands on journey towards top 10 non-life insurers

AAA Insurance rebrands on journey towards top 10 non-life insurers

AAA Insurance Company rebrands.
Manulife Vietnam resolves majority of customer complaints

Manulife Vietnam resolves majority of customer complaints

Manulife Vietnam has provided an update regarding the resolution of customer complaints.
Insurance groups adjust to electric vehicle trends

Insurance groups adjust to electric vehicle trends

Vietnam’s pivot to electric vehicles is driving a profound overhaul in its long-established motor insurance sector, mirroring global trends.
FWD Vietnam bolsters capital base in pursuit of market dominance

FWD Vietnam bolsters capital base in pursuit of market dominance

Life insurance firm FWD Vietnam revealed a substantial increase in charter capital for July 2023, taking the total to a staggering VND19.102 trillion ($795.08 million)
Insurance operations threatened by climate risks

Insurance operations threatened by climate risks

The insurance sector can be a game-changer by managing risks from climate change in Asia-Pacific, protecting ecosystems, and supporting the shift towards a sustainable future.
Sun Life Vietnam: Digital transformation to enhance the customer journey

Sun Life Vietnam: Digital transformation to enhance the customer journey

With a history of 160 years operating in many countries, the Canadian insurer set foot in Vietnam 10 years ago with a commitment to sustainable development. Sun Life Vietnam's determination to win over customers is demonstrated through innovative solutions in both technology, building excellent distribution channels and differentiated services to bring optimised experiences to each individual core.
Further scrutiny urged to prevent unethical insurance schemes

Further scrutiny urged to prevent unethical insurance schemes

A Ministry of Finance inspection has unveiled a concerning landscape of regulatory non-compliance and disturbingly high contract termination rates in the life insurance industry, indicating the pressing need for enhanced sector oversight and ethical sales practices.
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