Insurers hail health and tech awareness

Insurers hail health and tech awareness

Driven by heightened awareness and technology disruption, Vietnam’s life insurance industry is forecast to witness stellar performance – but insurance sales are likely to slow down in the third quarter first.
All to play for in bancassurance growth

All to play for in bancassurance growth

Bancassurance is prefigured to gain new momentum thanks to its win-win doctrine which generates a generous amount of upfront fees for banks, while insurers could leverage banks’ wide-ranging network despite the rigorous social restrictions.
Additions to auto accident rules ease insurers’ responsibilities

Additions to auto accident rules ease insurers’ responsibilities

Insurers will not pay out to drivers causing accidents in Vietnam if they were found to have alcohol in their blood or on their breath, or are under the influence of drugs, as per a new decree.
All change at the top as insurers look to the future

All change at the top as insurers look to the future

Local and foreign insurers are expanding their foothold in the lucrative insurance market and bringing about a range of changes, from new high-profile names joining the competition to management reshuffles.
Insuring the insurance  market gets in order

Insuring the insurance market gets in order

On February 15, 2012, new regulations on insurance sector business activities came into effect under Decree No. 123/2011/ND-CP (“Decree 123”) detailing the Law on Amendments to the Law on Insurance Business being effective from July 2011.
Ministries run trial credit insurance programme

Ministries run trial credit insurance programme 1

A national trial credit insurance programme aiming to cover nearly 3 per cent of export turnover by credit insurance by the end 2013, has been launched by the ministries of Finance, Industry and Trade, the State Bank of Vietnam (SBV) and the Government Office.
Errant insurers get rapped on knuckles

Errant insurers get rapped on knuckles

A 400-day investigation and two years’ hot debate has resulted in 19 non-life players being slapped with financial penalties due to competition restriction violations.