central bank to keep watch on bancassurance activities

Central bank to keep watch on bancassurance activities

Bancassurance activities will have to strictly comply with the provisions of the Law on Insurance Business, according to the State Bank of Vietnam (SBV).
shinhan life officially launches life insurance business in vietnam

Shinhan Life officially launches life insurance business in Vietnam

Shinhan Life Insurance Vietnam Co., Ltd. today officially launched its life insurance brand and announced the start of its business operations in Vietnam, aiming to offer comprehensive insurance solutions to the domestic market.
hanwha life vietnam and viettel post team up on insurance distribution

Hanwha Life Vietnam and Viettel Post team up on insurance distribution

South Korean life insurer Hanwha Life Vietnam has recently signed an agreement with military-run Viettel Post Corporation on the distribution of insurance products.
93000 foreigners currently have work permits in vietnam

93,000 foreigners currently have work permits in Vietnam

There are currently more than 93,000 foreigners with work permits in Vietnam, according to data from the Ministry of Labour, Invalids and Social Affairs.
aia vietnam ceo joins tikis board of directors

AIA Vietnam CEO joins Tiki’s Board of Directors

Tiki Global Pte. Ltd. has just appointed Wayne Besant – CEO of AIA Vietnam Life Insurance Co., Ltd. – to its Board of Directors, after the fifth successful funding round (Series E) led by shareholder AIA Co., Ltd.
insurers juggle with market share shifts and moderate gains

Insurers juggle with market share shifts and moderate gains

Despite severe economic impacts caused by the health crisis, non-life insurers continue to manoeuvre through the turmoil.
agribank and fwd vietnam enter bancassurance partnership

Agribank and FWD Vietnam enter bancassurance partnership

The Vietnam Bank for Agriculture and Rural Development and FWD Vietnam Life Insurance Co., Ltd. have launched a new bancassurance partnership today, designed to better meet the financial and insurance needs of Vietnamese people.
joint initiatives shake up insurance

Joint initiatives shake up insurance

An increase in the conducive socio-demographic characteristics and accelerating digital adoption, correlated with a greater perception of insurance products, have all been taken into account by international and domestic insurers as reasons for their renewed interest in collaborations with Vietnamese banks.
domestic insurance market expects double digit growth in 2022

Domestic insurance market expects double digit growth in 2022

Hanoi - The country’s total insurance premium revenue in 2022 is estimated at VND253.7 trillion (US$111.1 million), up 18.04 per cent compared to 2021, according to the Department of the Insurance Supervisory Authority.
shinhan life vietnam and bom finance sign insurance business partnership

Shinhan Life Vietnam and BOM Finance sign insurance business partnership

South Korean life insurer Shinhan Life Vietnam Co., Ltd. has just signed a strategic cooperation with BOM Finance Service Vietnam on the provision of professional consultancy and distribution of life insurance products.
insurance groups latching onto vietnams market potential

Insurance groups latching onto Vietnam’s market potential

International insurance groups have reaffirmed their appetite in Vietnam’s landscape, citing favourable demographics, an improved regulatory corridor, and a foreign ownership ratio lift contributing to the market’s appeal.
kyobo life insurance in talks with potential vietnamese partners

Kyobo Life Insurance in talks with potential Vietnamese partners

Kyobo Life Insurance, South Korea's third-biggest insurer, has expressed intentions to partner up with Vietnamese insurers.
vietabank and mirae asset prevoir sign exclusive bancassurance agreement

VietABank and Mirae Asset Prévoir sign exclusive bancassurance agreement

Mirae Asset Prévoir Life Insurance Co., Ltd. (Mirae Asset Prévoir) and Viet A Commercial Joint Stock Bank (VietABank) have recently announced an exclusive distribution agreement for life insurance products, or bancassurance.
chubb life vietnam has new country president

Chubb Life Vietnam has new country president

Canadian-backed life insurer Chubb Life Vietnam has just announced the appointment of Nguyen Hong Son to the role of country president of Chubb Life Vietnam, following approval from the Ministry of Finance on December 17.
improvements set up insurers for new ma deals

Improvements set up insurers for new M&A deals

Deep-pocketed actors planning to get into mergers and acquisitions are placing a greater emphasis on Vietnam’s insurance, bolstered by fresh digital capabilities and a supportive legal framework.