Along with expansion strategies, life insurance firms have entered a fierce race to increase charter capital to improve their financial strength to attract customers.
Samsung Life Insurance is seeking to make inroads into Viet Nam through an equity investment in Bao Viet Life, the country’s largest life insurer, Koreatimes reports.
Bao Viet Life Insurance Corporation will open five new affiliated companies this month, raising its total number of subsidiaries to 75 in 63 cities and provinces nationwide.
Bao Viet Holdings (BVH) has reported higher six-month revenues and
profits as the domestic insurance market saw a six-year high in the
first half of this year.
