life insurance widens sales to pharmaceuticals and supermarkets

Life insurance widens sales to pharmaceuticals and supermarkets

In addition to existing sales channels like agencies, bancassurance, co-operation with real estate companies, or online sales, life insurance companies continue to diversify distribution channels by adding pharmaceuticals and supermarkets.
prudential protects health and wealth of vietnamese

Prudential protects health and wealth of Vietnamese

In November, Prudential Vietnam Assurance unveiled its new commitment: “We DO for a wealthier and healthier Vietnam”. Having operated in Vietnam for two decades, Prudential Vietnam is one of the pioneering enterprises in the insurance industry, playing an active role in promoting the benefits of life insurance among individuals and families. Nic Nicandrou, chief executive of Prudential Corporation Asia, recently attended the company’s 20th anniversary celebrations and shared with VIR’s Minh Hai the company’s strategy for 2020.
japanese insurer to buy over 41 million shares of bao viet holdings

Japanese insurer to buy over 41 million shares of Bao Viet Holdings

Japanese insurer Sumitomo Life has registered to buy more than 41.4 million shares of local insurer insurance-finance-banking group Bao Viet Holdings (BVH).
four businesses to come under investigation for owing social insurance

Four businesses to come under investigation for owing social insurance

Hanoi Social Insurance has just announced forwarding the document of four businesses to public security authorities to deal with social insurance arrears. The companies include Mechanical Construction JSC 121 and 116 Civil Engineering Construction JSC (two subsidiaries of CIENCO 1), TONKINCO JSC, and Thuan Thanh E&C JSC.
generali vietnam launches health insurance distributed in store and online

Generali Vietnam launches health insurance distributed in-store and online

Vietnam Life Insurance LLC (Generali Vietnam) officially launched “VITA – Sống Như Ý” (VITA – Live the Life You Desire) with attractive inpatient treatment benefits and competitive premiums. This is the first health insurance product in Vietnam that will be available in pharmacies or Generali Vietnam’s partner stores, in addition to online channels such as GenVita and the Shopee e-commerce platform.
aon marks quarter of a century of excellence

Aon marks quarter of a century of excellence

Global professional services firm Aon has celebrated its 25th anniversary of operations in Vietnam at large-scale gala events in Ho Chi Minh City and Hanoi.
g bond market aims to become a safe and effective investment tool

G-bond market aims to become a safe and effective investment tool

Viet Nam’s Government bond (G-bond) market would become a safe, effective and highly lucrative investment mechanism for commercial banks, insurance networks, investment funds and foreign investors.
pvi insurance and swiss life network sign co operation agreement

PVI Insurance and Swiss Life Network sign co-operation agreement

PVI Insurance and Swiss Life Network on December 2 signed an agreement on comprehensive co-operation. Accordingly, PVI Insurance will become a partner of Swiss Life Network in the Pool Network - the leading platform for health insurance solutions for the staff of multinational groups.
sun life vietnam and tpbank announce exclusive bancassurance agreement in vietnam

Sun Life Vietnam and TPBank announce exclusive bancassurance agreement in Vietnam

Sun Life Vietnam Insurance Company Limited (Sun Life Vietnam) and Tien Phong Commercial Bank (TPBank) today announced a 15-year exclusive bancassurance partnership in Vietnam.  
digital innovation key growth factor for bancassurance development

Digital innovation key growth factor for bancassurance development

Generali Vietnam, along with Orient Commercial Joint Stock Bank, recently entered into a 15-year strategic and exclusive bancassurance partnership, amid huge market potential and rising demand for financial and insurance products in the country. VIR’s Phu Canh spoke with Generali Vietnam CEO Tina Nguyen on the trends and outlook of bancassurance in Vietnam.
prudential sets sight on china refuting continent wide buyout rumours

Prudential sets sight on China, refuting continent-wide buyout rumours

Rumours of Ping An Insurance Group taking over Prudential's Asia business, including Vietnam, have been made unlikely by Prudential's new expansion plans.
manulife champions a culture of change at vietnam insurance summit 2019

Manulife champions a “culture of change” at Vietnam Insurance Summit 2019

Manulife Vietnam is continuing to champion change in the life insurance sector through its sponsorship of the recent Vietnam Insurance Summit 2019, highlighting its role in pioneering a customer, digital and employee transformation for the industry.  
bancassurance on the up in vietnam

Bancassurance on the up in Vietnam

Vietnam’s financial institutions are enjoying a rise in bancassurance activities, which promise strong growth amid the diminishing bank segment with regulator-driven bank consolidation.
chubb life vietnam launches two new universal life insurance products

Chubb Life Vietnam launches two new Universal Life insurance products

Chubb Life Vietnam has recently launched two universal life insurance products, including "Critical Illness Universal Life – Individual Plan" and "Critical Illness Universal Life – Family Plan". With these new solutions, Chubb Life hopes to alleviate the financial burdens of families whose breadwinner suffers from a critical illness and provide them with financial security and peace of mind.
vietnamese finance market braced for remarkable evfta impacts

Vietnamese finance market braced for remarkable EVFTA impacts

Under the EU-Vietnam Free Trade Agreement (EVFTA), compared to many other service sectors, financial services have been much more limited in market opening in terms of both the scope of activities and the level of foreign participation. However, the EU has a strong financial services market, and the EVFTA is expected to have a significant impact on the future of financial services as well as the Vietnamese economy.