south korean db insurance acquires 75 per cent stake in saigon hanoi insurance corporation

South Korean DB Insurance acquires 75 per cent stake in Saigon - Hanoi Insurance Corporation

DB Insurance continues its expansion in the Vietnamese insurance market with the acquisition of a 75 per cent ownership stake in Saigon - Hanoi Insurance Corporation (BSH), following its recent deal to acquire Aviation Insurance, positioning itself as a major player in the industry.
foreign insurtech businesses praise vietnams potential

Foreign insurtech businesses praise Vietnam’s potential

Foreign insurtech firms are seizing the opportunity to venture into Vietnam, driven by the country’s accelerated digital transformation and growing appetite for innovative insurance solutions.
chubb life vietnam and hong leong bank bring more choice to customers

Chubb Life Vietnam and Hong Leong Bank bring more choice to customers

Chubb Life Vietnam, a subsidiary of Chubb Life Insurance Co., Ltd., and Hong Leong Bank formalised a strategic partnership agreement on June 12 aimed at delivering Chubb Life's Life Insurance solutions to more customers through an innovative distribution channel.
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.
be group partners with fwd to deliver insurance on multi service consumer platform

Be Group partners with FWD to deliver insurance on multi-service consumer platform

Be Group JSC, the owner and developer of the on-demand multi-service consumer platform Be, has formed the partnership with FWD Vietnam Life Insurance Company Limited (FWD Vietnam), one of the leading life insurance companies in technology and customer experience in Vietnam.
government to consider 23 trillion vnd support package for workers finance minister

Government to consider 23 trillion VND support package for workers: Finance Minister

A package worth about 23 trillion VND (980 million USD) from the Unemployment Insurance Fund is designated to offer workers further support, Finance Minister Ho Duc Phoc said at National Assembly’s Q&A session on June 6 morning.
liberty insurance receives the fourth award from idg for innovative initiatives

Liberty Insurance receives the fourth award from IDG for innovative initiatives

Liberty Insurance Ltd., a subsidiary of the US-headquartered Liberty Mutual Insurance, has been honoured for the fourth time in three consecutive years (2021-2023) with an Outstanding Financial Services Award by IDG Vietnam.
manulife vietnam repays over 34 million in light of accusations

Manulife Vietnam repays over $34 million in light of accusations

Manulife Vietnam has received 6,060 complaints, resolving 3,553 and refunding over VND800 billion ($34.79 million) regarding allegations against it and SCB of insurance contract deception.
tt group and db group form strategic partnership to fuel investment opportunities

T&T Group and DB Group form strategic partnership to fuel investment opportunities

T&T Group and DB Group have joined forces in a strategic alliance, aiming to drive investment collaboration across various sectors in Vietnam but with a primary focus on the insurance industry.
fpt smart cloud sets its sights on indonesia unleashing ai innovation to transform financial market

FPT Smart Cloud sets its sights on Indonesia: unleashing AI innovation to transform financial market

Armed with a rich portfolio of AI-driven solutions and backed by an illustrious track record, FPT Smart Cloud aims to empower businesses, optimise operations, and foster sustainable growth across various sectors, particularly the banking, finance and insurance industries in Indonesia – the largest economy in the Southeast Asia.
indochine counsel welcomes nguyen quoc vinh

Indochine Counsel welcomes Nguyen Quoc Vinh

Indochine Counsel is delighted to welcome Nguyen Quoc Vinh as Senior Counsel to its team. With more than 25 years of experience in both the public sector and international law firms, Vinh is an expert in mergers and acquisitions (M&A), finance, real estate, energy, hospitality, insurance, fintech, arbitration, and other corporate and commercial matters.
vietnam rok agreement on social insurance approved

Vietnam - RoK agreement on social insurance approved

The Vietnamese Government has issued a resolution approving an agreement on social insurance signed with the Government of the Republic of Korea (RoK) on December 14, 2021.
mic to look for strategic foreign investor in potential ma deal

MIC to look for strategic foreign investor in potential M&A deal

In an effort to entice foreign partners and unlock fresh investment opportunities, the Military Insurance Corporation (MIC) has green lit a plan to look for strategic investors in 2023 as part of its ongoing 2022-2026 strategic roadmap, with the objective of clinching a top-3 spot in terms of market share by 2026.
appetite increasing for mega deals in insurance

Appetite increasing for mega-deals in insurance

Foreign and domestic investors in Vietnam’s insurance sector are gaining momentum with new agreements, despite global volatility.
awareness must blossom for insurtech to prosper

Awareness must blossom for insurtech to prosper

Vietnam’s insurance market, particularly digitally non-life insurance products which cater to the specific needs of customers, is still in its infant stage.