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Search Results: 75 results for keyword "bancassurance".
Major bancassurance deals may be at peak
24-10-2024 14:28
The recent termination of some major bancassurance partnerships in Vietnam reflects a challenging market environment, but opportunities remain for a more transparent and sustainable revival in the sector.
General director of Shinhan Life Vietnam: Challenges offer pause for quality improvement
03-10-2024 14:35
Bae Seung Jun, general director of Shinhan Life Vietnam, delves into the company’s strategy to enhance product and service quality, especially measures for monitoring sales teams to avoid risks and safeguard customers.
Mixed fortunes remain in insurance segment
20-08-2024 15:23
Vietnam’s non-life insurance sector is growing robustly, but there remains barriers in bancassurance due to low public awareness and a confusing legal system.
Vietnam life insurance payouts surge 35 per cent to $1.24 billion in H1
30-07-2024 16:47
Life insurers in Vietnam disbursed $1.238 billion in claims in the first half of 2024, marking a 35 per cent increase on-year.
Bancassurance must deal with stringent new rules
15-07-2024 11:58
Both life and non-life bancassurance is facing pressure to comply with new regulations.
Insurance firms to bounce back in 2024
17-06-2024 15:24
A recent survey conducted by Vietnam Report between May and June found that a remarkable 45.6 per cent of insurance firms expect the insurance industry to grow nearly 5 to 10 per cent in 2024. Nearly 32 per cent of surveyed firms believe the economy will maintain a stable growth rate of 5.5 per cent.
Pivotal time for makeup of Vietnamese insurance
09-04-2024 09:54
After a decade of consistent growth, Vietnam’s insurance industry is now undergoing a period of adjustment. The total insurance premium in 2023 fell by 8.4 per cent to $9.5 billion, with the life insurance sector experiencing the most significant on-year decline at 12.5 per cent.
Bancassurance inspections imminent
19-03-2024 10:05
The Ministry of Finance is going to conduct inspections on six insurers, with a focus on those involved in bancassurance.
Prospects still cloudy for bancassurance
28-02-2024 11:00
Diverse sentiments persist over bancassurance business prospects at local commercial banks, partly driven by a novel policy move.
Bancassurance changes in the name of sustainability
28-02-2024 09:30
Building full infrastructure for bancassurance is vital to improve the customer experience. Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked with VIR’s Hong Dung about the new regulations on bancassurance operations in Vietnam.
Banks juggle bancassurance quandary
06-09-2023 16:56
Some Vietnamese commercial banks have reported a dramatic dip in their bancassurance sales for the first half of the year as the sector navigates controversies and a historically low number of active life insurance contracts.
Bancassurance difficulties softened by profit results
21-08-2023 17:10
Although a decline in the sale of insurance products through banks has materialised in recent months, the sector remains a lucrative avenue for banks.
Insurers to face penalties for wrongdoing in bancassurance sales
03-07-2023 09:47
The Ministry of Finance (MoF) inspection reveals regulatory violations by Prudential, MB Ageas Life, Sun Life, and BIDV Metlife in their bancassurance sales practices, leading to impending penalties and increased scrutiny in the Vietnamese insurance market.
Bancassurance takes on trust challenges
22-06-2023 09:26
The bancassurance sector is facing challenges amid many partnerships and complaints, requiring stricter regulations and improved governance to restore customer trust.
Prudential Vietnam and VIB enter bancassurance partnership
19-06-2023 11:55
The extension of the strategic bancassurance partnership between the two businesses underscores the objective of both sides to bolster future confidence for Vietnam’s bancassurance sector.
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