Total insurance premiums in the first seven months of this year surged by 30.8 per cent year-on-year to VND69.5 trillion (US$2.95 billion), the Ministry of Finance reported.
The Bao Viet Group ranked first among insurance companies in Viet Nam with a revenue of more than VND9.9 trillion (US$423.7 million) in the first half of 2018.
The first press awards in the life insurance sector will be given away to honour journalists for their contributions to raising awareness about the importance of insurance both to the economy and society.
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.