Vietnam life insurance payouts surge 35 per cent to $1.24 billion in H1

Vietnam life insurance payouts surge 35 per cent to $1.24 billion in H1

Life insurers in Vietnam disbursed $1.238 billion in claims in the first half of 2024, marking a 35 per cent increase on-year.
German insurer increases stake in PVI

German insurer increases stake in PVI

HDI Global SE acquired three million shares of PVI Corporation on July 17.
PVI Insurance tops market for average labour productivity

PVI Insurance tops market for average labour productivity

PVI Insurance has been named the most reputable insurer in Vietnam for 2024.
Liberty Insurance reaffirms pioneering position as International General Insurer of the Year

Liberty Insurance reaffirms pioneering position as International General Insurer of the Year

Liberty Insurance Co., Ltd. won the International General Insurer of the Year at the Insurance Asia Awards (IAA) 2024 ceremony held in Singapore.
Lack of transparency holds back insurance

Lack of transparency holds back insurance

Sales of newly issued investment-linked insurance policies have plummeted considerably, reflecting broader challenges in the sector and highlighting the need for increased transparency in insurance products.
Empowering growth: MetLife's strategy for talent development and skill enhancement

Empowering growth: MetLife's strategy for talent development and skill enhancement

Elena Butarova, CEO of BIDV MetLife, talked to VIR's Linh Le about talent development, the challenges in diverse markets, and strategies for future growth.
Insurance firms to bounce back in 2024

Insurance firms to bounce back in 2024

Insurance firms are expected to bounce back in 2024 due to improved consumer and business confidence.
Life insurance players seek to rebuild trust

Life insurance players seek to rebuild trust

Vietnam’s life insurance industry, noted for its stringent regulations, should enhance product quality, transparency, and stakeholder balance for sustainable development, industry leaders have urged.
Sun Life Vietnam launches "Finance for yourself" children's campaign

Sun Life Vietnam launches "Finance for yourself" children's campaign

Sun Life Vietnam's "Finance for yourself" campaign aims to create an optimistic future for younger generations by empowering them with financial knowledge.
Shinhan Life empowers young generation with career programme

Shinhan Life empowers young generation with career programme

Shinhan Life Vietnam has launched a career programme for school students.
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.
Sun Life's charter capital now among the top three largest in Vietnam

Sun Life's charter capital now among the top three largest in Vietnam

Sun Life Vietnam has increased its charter capital to over $718 million.
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.
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