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Insurance market sees Q3 rebound
17 giờ 38 phút
According to statistics from the Vietnam Insurance Association (IAV), in the third quarter (Q3) new business revenue in the life insurance sector surpassed $247 million, showing a slight increase compared to the same period in 2023 which scored $244.7 million.
Life insurance players seek to rebuild trust
28-05-2024 09:03
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.
ESG in financial sector driving economic development
28-09-2023 09:15
As Vietnam needs $368 billion to reach its net zero goal by 2050, financial institutions play an extremely important role in mobilising capital to achieve this goal.
Insurance firms tackle remediation process
01-08-2023 09:00
Recent financial inspections have exposed systemic irregularities in Vietnam’s life insurance sector, triggering swift remedial actions by firms including MB Ageas Life, Prudential Vietnam, BIDV MetLife, and Sun Life Vietnam.
Prudential Vietnam hosts 'Thematic Bonds and Transition Investment' workshop
14-07-2023 18:18
Prudential Vietnam, in collaboration with the Climate Bonds Initiative (CBI) and supported by the British Chamber of Commerce (BritCham), conducted the “Thematic Bonds and Transition Investment" workshop on July 6 in Hanoi to solicit feedback on how to support the thematic/labelled bond market in Vietnam.
Insurers to face penalties for wrongdoing in bancassurance sales
03-07-2023 09:47
The Ministry of Finance (MoF) inspection reveals regulatory violations by Prudential, MB Ageas Life, Sun Life, and BIDV Metlife in their bancassurance sales practices, leading to impending penalties and increased scrutiny in the Vietnamese insurance market.
Prudential Vietnam and VIB enter bancassurance partnership
19-06-2023 11:55
The extension of the strategic bancassurance partnership between the two businesses underscores the objective of both sides to bolster future confidence for Vietnam’s bancassurance sector.
MoF urgently orders inspections at four life insurance companies
11-06-2023 12:53
The Ministry of Finance (MoF) has just assigned the Insurance Supervisory Authority the urgent task of conducting inspections at four insurance companies, namely Prudential Vietnam Life Insurance, MB Ageas Life Insurance, BIDV Metlife Life Insurance, and Sunlife Vietnam Life Insurance.
Prudential and BritCham proud to tackle workplace bias
17-10-2022 18:57
On October 13, Prudential Vietnam Assurance PLC and the British Chamber of Commerce Vietnam co-organised the first 'Pride at Work' event to promote diversity and inclusion in the workplace.
Prudential Vietnam launches new AI-powered mental wellness tools
04-07-2022 18:03
Prudential Vietnam on July 4 announced the launch of its new mental wellness tools aimed at supporting users to manage their mental and physical health with personalised information and recommendations. The AI-powered tools can now be accessed on Pulse by Prudential.
NA Chairman Vuong Dinh Hue meets with Prudential’s leaders during UK visit
30-06-2022 21:50
During his recent visit to the United Kingdom to participate in the Vietnam-UK High-level Forum on Economy and Trade, National Assembly Chairman Vuong Dinh Hue and a high-level delegation met with Prudential PLC to discuss the Vietnamese government’s priorities as well as how insurers can increase financial inclusion. The diplomatic meeting aimed to strengthen relationships and restate Prudential’s commitment to Vietnam.
Prudential Plc. names Anil Wadhwani as new Group CEO
28-05-2022 11:20
On May 25th, Prudential Plc. announced the appointment of Anil Wadhwani as Group CEO and said he would assume the role in February, pivoting the company towards a more Asian focus.
Prudential Vietnam achieves strong revenue growth in 2021 despite challenging environment
21-04-2022 20:44
The United Kingdom-backed life insurer Prudential Vietnam delivered strong revenue growth of 15.2 per cent in 2021 against a challenging operating environment, with $374.3 million of insurance benefits paid to customers.
Crucial legislative developments in the bond market
13-01-2022 12:48
The State Bank of Vietnam (SBV) has previously issued regulations on prudential ratios and limits over banking activities while recently the ability of businesses to pay loans and interest has been severely affected by the current pandemic. As a result of these twinned developments, commercial banks have become more and more cautious in granting credit.
Strategies sought by insurers after mixed bag in growth
14-10-2021 11:38
Foreign corporations are gaining their momentum in Vietnam’s insurance market, with long-term commitments being paid off – however, the non-life insurance growth rate reached a decade-long record low.
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