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.
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.
Life insurance players seek to rebuild trust
May 28, 2024 | 09:03
Vietnam’s life insurance industry, noted for its stringent regulations, should enhance product quality, transparency, and stakeholder balance for sustainable development, industry leaders have urged.
Sun Life's charter capital now among the top three largest in Vietnam
April 05, 2024 | 15:15
Sun Life Vietnam has increased its charter capital to over $718 million.
Bancassurance inspections imminent
March 19, 2024 | 10:05
The Ministry of Finance is going to conduct inspections on six insurers, with a focus on those involved in bancassurance.
Shinhan Life Vietnam launches new insurance distribution channel
February 21, 2024 | 10:25
Korean-backed Shinhan Life Insurance Vietnam Co., Ltd. officially introduced its financial consultancy FC Channel today, underlining the company’s strong commitment to implementing sustainable and long-term growth strategies in the Vietnamese market, whil
Non-life segment leads the pack in insurance gains
January 01, 2024 | 15:00
The life insurance segment in Vietnam is struggling amid a confidence crisis, while non-life insurance has exhibited robust growth and lured in foreign investment.
Non-life insurance to engage customers
November 14, 2023 | 13:00
The insurance landscape in Vietnam is undergoing massive change. The risks Vietnamese people are exposed to on a daily basis are on the rise and becoming increasingly unpredictable.
Banks juggle bancassurance quandary
September 06, 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.
Generali Vietnam implements e-KYC, stepping up Transparent Insurance strategy
August 08, 2023 | 10:18
From August 1, Italian-backed life insurer Generali Vietnam has applied mandatory electronic customer identification and authentication.
Insurtech groups utilise Vietnam for ambitious plans
August 07, 2023 | 18:00
Driving the digital revolution in Southeast Asia’s insurance sector, foreign insurtech companies have identified Vietnam as a burgeoning epicentre for industry innovation and growth.
Insurers to face penalties for wrongdoing in bancassurance sales
July 03, 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 marke
Awareness must blossom for insurtech to prosper
April 17, 2023 | 18:00
Vietnam’s insurance market, particularly digitally non-life insurance products which cater to the specific needs of customers, is still in its infant stage.
Evaluating the elements at heart of non-life insurance
April 17, 2023 | 15:31
Customers should carefully consider the terms of non-life insurance contracts to ensure optimal benefits before buying any products. Vo Manh Tin, deputy general director of AAA Insurance Company, chatted to VIR’s Le Luu about the current trends in the sector.
The Vietnam opportunity is undeniable
October 19, 2022 | 12:00
In a 10-day visit to Vietnam following his appointment, Damien Green, Manulife Asia’s president and CEO, shared his thoughts on a post-COVID recovery and why Manulife Vietnam is a key player in the company’s growth in Asia.
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