Bảo Minh Insurance and Australian insurtech firm Hillridge have entered into a partnership to offer parametric Typhoon Index Insurance, a new product in Việt Nam that will protect farmers from the country’s devastating typhoons.
After gaining high growth last year, the insurance industry is forecast to experience a less favourable time in 2022 as many insurers have so far planned lower profit targets or slowing growth compared to last year.
Consumer credit company Easy Credit on Wednesday tied up with Bao Minh Insurance Corporation to launch a new product that secures borrowers from defaulting on loans if they or their spouse fall sick.
Home Credit Vietnam Finance Company Limited has tied up with three insurance companies, PTI, GIC and Bao Minh, to provide additional benefits to the spouses of customers who buy insurance to cover 100 per cent of their loan.
A new product called "trade credit insurance – structured trade finance"
jointly developed by Bao Minh Insurance Corporation, Export-Import
Commercial Joint Stock Bank and Coface Services Viet Nam Company Ltd was
launched on Wednesday in HCM City.
Non-life insurance premiums managed to return to a double-digit growth
in the first eight months of 2014, according to preliminary reports of
non-life insurance companies to the Insurance Supervisory Authority.