11-09-2019 11:08
Manulife Vietnam has just announced a bancassurance partnership with Ho Chi Minh City-based commercial lender Asia Commercial Bank, signalling its commitment to helping more people live better lives.
11-08-2019 10:44
Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.
03-03-2019 12:02
Banks and insurance companies are ramping up co-operation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.
08-11-2018 18:06
Some customers of Manulife Vietnam have just received nearly $3 million in additional interest income by virtue of the company’s outstanding performance last year.
17-07-2018 08:00
MB Ageas Life Insurance Company, a joint venture between Military Commercial Joint Stock Bank and two foreign shareholders – insurance group Ageas and Muang Thai Life Assurance PCL – has reaped outcomes beyond expectations just over a year after its debut. Gary Crist, CEO in Asia of Ageas and vice chairman of the MB Ageas Life Members' Council, spoke to VIR’s Bach Quang about the next steps in a high-potential market such as Vietnam.
14-06-2018 08:00
Partnerships with insurance firms are expected to bring in a huge amount of cash for Vietnamese banks, who want to diversify their non-interest income.
25-01-2018 22:04
While remaining quite a nascent market in Vietnam, the contribution of the bancasurance channel to the total revenue of the Vietnamese insurance market has significantly increased in the past four years. Compared to other markets in Southeast Asia, there is a huge potential for both players—banks and insurers—in Vietnam to tap into the bancassurance development trend.
26-10-2017 10:00
AIA Vietnam has joined up with VPBank in a 15-year exclusive bancassurance partnership on Monday, offering VP Bank customers a comprehensive range of life insurance products and services powered by AIA’s innovative wellness proposition, AIA Vitality.
06-10-2017 11:23
Dai-ichi Life Vietnam and Saigon-Hanoi Commercial Joint Stock Bank (SHB) have entered an exclusive strategic bancassurance partnership with their signing ceremony in Hanoi on October 5.
05-08-2017 14:53
The first half of 2017 has witnessed many bancassurance deals in Vietnam and the second may also see heightened cooperation among insurers and commercial banks, which promises to heat up the bancassurance sector.
05-08-2017 14:48
AIA Vietnam has entered a partnership with DongA Bank in early August, marking the insurer’s third bancassurance deal in the past three months.
03-08-2017 17:06
FWD Vietnam Life Insurance Company Ltd. (FWD) and Nam A Commercial Joint Stock Bank (Nam A Bank) have signed an exclusive 15-year bancassuarance partnership to provide comprehensive and diverse life insurance products for Nam A Bank’s customers.
13-06-2017 21:42
Hanwha Life Vietnam today signed a strategic partnership deal with Shinhan Vietnam Bank SM that allows Hanwha Life Vietnam to deliver its insurance products through the bank's channels.
17-05-2017 10:18
On May 16, AIA (Vietnam) Life Insurance Co., Ltd. (AIA Vietnam) and HSBC Bank (Vietnam) Ltd. (HSBC Vietnam) announced a landmark bancassurance partnership that will deliver world-class services and greater value to customers in Vietnam, offering a diverse range of insurance and financial solutions.
17-01-2017 09:08
Life insurer Dai-ichi Vietnam on January 16 held the ceremony to sign the contract to cooperate with Bac A Bank to provide bancassurance.