mof urgently orders inspections at four life insurance companies

MoF urgently orders inspections at four life insurance companies

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.
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.
fwd group gets green light for vietcombank cardif life insurance acquisition

FWD Group gets green light for Vietcombank-Cardif Life Insurance acquisition

FWD Group has just announced securing regulatory approval to proceed with the previously announced acquisition of Vietcombank-Cardif Life Insurance, a life insurance joint venture between leading state-owned Vietcombank and French partner BNP Paribas Cardif.
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.
traditional life insurance models face uncertainty as changes gather pace

Traditional life insurance models face uncertainty as changes gather pace

The digital age presents many insurance companies with opportunities for further growth, cost reductions, and product differentiation, but modernisation challenges remain.
manulife vietnam designated as the countrys largest life insurance firm

Manulife Vietnam designated as the country’s largest life insurance firm

On January 10, the Ministry of Finance (MoF) approved the adjusted licence No.13/GPDC22/KDBH dated December 25, 2017 to adjust the charter capital of Manulife Vietnam to VND5.72 trillion ($251.9 million), turning the insurer into the country’s top life insurance enterprise having the largest charter capital.
hanwha life vietnam launches health is wealth insurance package

Hanwha Life Vietnam launches “Health is Wealth” insurance package

On November 21, Hanwha Life Insurance Co., Ltd. (Hanwha Life Vietnam) officially launched the new insurance package called “Health is Wealth” in Ho Chi Minh City, with the intent of delivering optimal insurance services to promote individuals and households’ overall well-being in Vietnam.
life insurance industry sees increasing ma activity

Life insurance industry sees increasing M&A activity

As an attractive industry in Vietnam, the life insurance market is luring a wide range of international investors.
life insurance firms bought most long term government bonds

Life insurance firms bought most long-term Government bonds

Life insurance companies were the major investors in Government bonds in 2016.
identifying non life insurance services with high loss ratio in 2013

Identifying non-life insurance services with high loss ratio in 2013

Last year, non-life insurers failed to curtail their loss ratios to 40 per cent of their total premiums- a level deemed as acceptable for compensation in this area - as some insurance services had to make high payouts.
aia life insurance pioneer ipad point of sale platform

AIA Life Insurance pioneer iPad point of sale platform

  AIA (Vietnam) Life Insurance has pioneered the application of software in its business activities.
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.
vietnams life insurance industry to grow at over 23 per cent cagr through 2025

Vietnam's life insurance industry to grow at over 23 per cent CAGR through 2025

The life insurance sector in Vietnam is expected to develop at a compound annual growth rate (CAGR) of 23.7 per cent between 2020 and 2025.
manulife vietnam wins best life insurance service award for ninth year

Manulife Vietnam wins Best Life Insurance Service award for ninth year

Manulife Vietnam, Vietnam’s largest insurer in terms of charter capital, was just honoured at the Golden Dragon Awards as the “The Best Life Insurance Service” by Vietnam Economics Times Group.
local enterprises make a move in vietnams life insurance market

Local enterprises make a move in Vietnam’s life insurance market

Local enterprises are moving into the local life insurance market – an area which has been almost totally dominated by foreigners in Vietnam for the past ten years.