Orphan contracts cause issues in bancassurance

Orphan contracts cause issues in bancassurance

Many bank clients have bought insurance through their banks (bancassurance), but they have received no support from the institutions when problems arose.
FWD leading bancassurance evolution

FWD leading bancassurance evolution

FWD Vietnam Life Insurance Co., Ltd., one of the fastest-growing groups in this segment’s market, is digitalising its business with a solid strategy of developing diversified, simple, and suitable products for customers.
MIC to sell 25 per cent stake

MIC to sell 25 per cent stake

Military Insurance Corporation (MIC) will sell a 25 per cent stake to foreign investors to boost its financial security and international expertise.
Digital-led initiatives lift up life insurers in Vietnam

Digital-led initiatives lift up life insurers in Vietnam

Vietnam’s life insurance landscape is being offered upbeat projections, with digital competencies being the driving force.
AmCham Hanoi to support Vietnam's insurance industry

AmCham Hanoi to support Vietnam's insurance industry

Approximately 850 non-life insurance products and 450 life insurance products are now available on Vietnam’s market, as estimated by AmCham Hanoi.
Home Credit & MSIG announce partnership to expand insurance offerings and financial inclusion in Southeast Asia

Home Credit & MSIG announce partnership to expand insurance offerings and financial inclusion in Southeast Asia

Agreement will see MSIG leveraging Home Credit’s significant regional distribution network to better serve insurance customers across three markets.
VietinBank and Manulife Vietnam activate exclusive cooperation agreement

VietinBank and Manulife Vietnam activate exclusive cooperation agreement

VietinBank and Manulife Vietnam have officially launched their joint operations under an exclusive cooperation agreement lasting 16 years.
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.
Joint initiatives shake up insurance

Joint initiatives shake up insurance

An increase in the conducive socio-demographic characteristics and accelerating digital adoption, correlated with a greater perception of insurance products, have all been taken into account by international and domestic insurers as reasons for their renewed interest in collaborations with Vietnamese banks.
Domestic insurance market expects double digit growth in 2022

Domestic insurance market expects double digit growth in 2022

Hanoi - The country’s total insurance premium revenue in 2022 is estimated at VND253.7 trillion (US$111.1 million), up 18.04 per cent compared to 2021, according to the Department of the Insurance Supervisory Authority.
Insurance groups latching onto Vietnam’s market potential

Insurance groups latching onto Vietnam’s market potential

International insurance groups have reaffirmed their appetite in Vietnam’s landscape, citing favourable demographics, an improved regulatory corridor, and a foreign ownership ratio lift contributing to the market’s appeal.
Kyobo Life Insurance in talks with potential Vietnamese partners

Kyobo Life Insurance in talks with potential Vietnamese partners

Kyobo Life Insurance, South Korea's third-biggest insurer, has expressed intentions to partner up with Vietnamese insurers.
Chubb Life Vietnam has new country president

Chubb Life Vietnam has new country president

Chubb Life Vietnam has just announced the appointment of Nguyen Hong Son as country president, following approval from the Ministry of Finance on December 17.
Improvements set up insurers for new M&A deals

Improvements set up insurers for new M&A deals

Deep-pocketed actors planning to get into mergers and acquisitions are placing a greater emphasis on Vietnam’s insurance, bolstered by fresh digital capabilities and a supportive legal framework.
AIA Vietnam leaves imprint at Asian Technology Excellence Awards 2021

AIA Vietnam leaves imprint at Asian Technology Excellence Awards 2021

AIA Vietnam has just been honoured with two awards at the Asian Technology Excellence Awards 2021.
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