insurance

Disaster response aid accelerated via insurance

December 23, 2024 | 10:06

Requests of fund allocation from the National Red Cross and Red Crescent Societies in the last months of 2024 to respond to natural disasters like Typhoon Yagi will be paid for by commercial insurers, by as much as $17 million.

Lockton Unveils New Global Parametric Insurance Practice

December 16, 2024 | 18:10

Lockton's Global Parametric Insurance Practice is set to help businesses adopt cost-effective alternative risk solutions, addressing the widening gap between insured and uninsured losses.

PetroVietnam accelerates divestment from PVI

December 16, 2024 | 06:59

Vietnam National Oil and Gas Group is stepping up its divestment from PVI before the end of 2025.

Typhoon could change mindsets in insurance sector

October 11, 2024 | 17:16

Experts predict that Typhoon Yagi will prompt consumers to re-evaluate the role of insurance in disaster protection, pushing insurers to adopt technology for faster damage assessments and quicker payouts.

Insurers address claims following typhoon Yagi

September 10, 2024 | 18:07

In the wake of Typhoon Yagil, insurance companies in Vietnam are processing claims related to property damage and loss of life.

Vietnam life insurance payouts surge 35 per cent to $1.24 billion in H1

July 30, 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.

German insurer increases stake in PVI

July 24, 2024 | 19:30

HDI Global SE acquired three million shares of PVI Corporation on July 17.

Bancassurance must deal with stringent new rules

July 15, 2024 | 11:58

Both life and non-life bancassurance is facing pressure to comply with new regulations.

AIA leads the charge to healthier, longer, better lives

July 08, 2024 | 10:20

AIA Vietnam is navigating the promising yet challenging Vietnamese life insurance market under the helm of newly appointed CEO Andrew Loh

Lack of transparency holds back insurance

July 03, 2024 | 15:00

Sales of newly issued investment-linked insurance policies have plummeted considerably, reflecting broader challenges in the sector and highlighting the need for increased transparency in insurance products.

Insurance firms to bounce back in 2024

June 17, 2024 | 15:24

Insurance firms are expected to bounce back in 2024 due to improved consumer and business confidence.

Harsher actions demanded for insurance evasion

May 16, 2024 | 23:00

Stricter penalties are being called for when employers delay or evade mandatory insurance payments, damaging the rights and benefits of workers.

Pivotal time for makeup of Vietnamese insurance

April 09, 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.

Fund for social insurance to be bolstered

April 02, 2024 | 12:42

Efforts are gearing towards improving the relevant regulatory system for social insurance fund efficiency, further fostering economic development as well as social wellbeing.