bancassurance the catalyst for insurers to deepen footprint

Bancassurance the catalyst for insurers to deepen footprint

Banks have managed to navigate their way through the chaos of the last few years by diversifying their non-interest income thanks to bancassurance services.
mb reaches top spot in vietnams bancassurance market

MB reaches top spot in Vietnam's bancassurance market

With impressive annual premium equivalent (APE) sales in February and March, MB has taken the top spot in the bancassurance market.
aia vietnam and vpbank strengthen long term strategic partnership

AIA Vietnam and VPBank strengthen long-term strategic partnership

AIA Vietnam and VPBank on March 15 announced that the former has extended its long-term strategic partnership with the latter for four more years.
manulifes global results demonstrate the strength of vietnams contributions

Manulife’s global results demonstrate the strength of Vietnam’s contributions

Canadian life insurer Manulife recently announced their full year global results, delivering a record profit for 2021. Sang Lee, Manulife Vietnam CEO, talked with VIR’s Ha Thuy about the company’s strong financial performance and growth prospects in the Vietnamese market.
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).
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.
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.
techcombank and manulife vietnam strengthen bancassurance partnership

Techcombank and Manulife Vietnam strengthen bancassurance partnership

As top players in their field, Techcombank and Manulife Vietnam Limited have reaffirmed their bancassurance partnership to capture new opportunities.
manulife vietnam celebrates bancassurance milestone with saigon commercial bank

Manulife Vietnam celebrates bancassurance milestone with Saigon Commercial Bank

Canadian life insurer Manulife Vietnam and Ho Chi Minh City-based commercial lender SCB have marked the sixth anniversary of their bancassurance partnership by reaffirming a shared commitment to help address the growing financial and insurance needs of Vietnamese people.
all to play for in bancassurance growth

All to play for in bancassurance growth

Bancassurance is prefigured to gain new momentum thanks to its win-win doctrine which generates a generous amount of upfront fees for banks, while insurers could leverage banks’ wide-ranging network despite the rigorous social restrictions.
inspection rise in face of insurance hustle

Inspection rise in face of insurance hustle

Recent compulsory bundling of insurance policies with banking products despite customer unwillingness has triggered concerns over bancassurance activities in Vietnam, and as a result authorities are strengthening inspections of such rampant insurance cross-selling mechanisms.
expansions emerging in bancassurance services

Expansions emerging in bancassurance services

Vietnam’s banks are taking advantage of the increasing demand of high-quality insurance services, which in turn bring vast potential to their future income, while both local and foreign insurers are proactively expanding their bancassurance network.
hdbank to choose life insurer partner for upcoming exclusive bancassurance deal

HDBank to choose life insurer partner for upcoming exclusive bancassurance deal

Ho Chi Minh City-based bank HDBank would choose a life insurer partner for an exclusive bancassurance deal, believing the deal would be of great significance in the coming time.
sun life vietnam increases charter capital

Sun Life Vietnam increases charter capital

Sun Life Vietnam, a local subsidiary of Canada-based financial group Sun Life, has just been approved by the Ministry of Finance to increase its charter capital from VND5.070 trillion ($220.43 million) to VND14.380 trillion ($625.2 million).
manulife and vietinbank to sign exclusive bancassurance deal

Manulife and VietinBank to sign exclusive bancassurance deal

Canada’s leading insurer Manulife and local lender VietinBank will sign an exclusive bancassurance agreement in Hanoi this week.