M&A in Vietnamese non-life insurance sector develops strongly

Tuesday, Dec 10, 2024

According to the Ministry of Finance’s Vietnam Insurance Market Yearbook 2023, at the end of that year, Việt Nam had 82 insurance companies, of which 32 were non-life insurance companies.

Việt Nam needs to build a strategy for disaster risk financing and insurance

Monday, Nov 18, 2024

The country’s current financial capacity covers only about 21 per cent of the need for relief and recovery after natural disasters.

PVI Insurance strengthens global ties at the 20th SIRC

Tuesday, Nov 12, 2024

PVI Insurance leaders recently participated in the 20th International Reinsurance Conference (SIRC), held from November 5 to 8 at the Sands Expo and Convention Centre, Marina Bay Sands, Singapore.

Detailed guidance on banning sale of bancassurance needed

Monday, Oct 28, 2024

Clause 5 of Article 15 of the Law on Credit Institutions, which took effect from July 1 this year, prohibits banks from ‘linking’ the sale of non-mandatory insurance products with the provision of banking products or services, in any form.

Techcombank to launch new non-life insurance firm

Thursday, Oct 17, 2024

The company is expected to start operating from the beginning of November.

Insurance industry rebounds after crisis of confidence

Tuesday, Oct 15, 2024

Newly released data from the General Statistics Office (GSO) shows the total revenue from insurance premiums in the third quarter of 2024 was estimated at VNĐ56.4 trillion, an increase of 6.9 per cent over the same period in 2023.

Damages caused by typhoon raise questions about agricultural insurance

Monday, Oct 07, 2024

The heavy damage of Typhoon Yagi to the agricultural sector has recently raised questions about the role of agricultural insurance and why it is not widely applied here.

Việt Nam’s insurance sector reports VNĐ9 trillion in damages, speeds up payouts

Friday, Sep 27, 2024

Việt Nam''s insurance sector boosts support after Typhoon No. 3, with damages and payouts exceeding VNĐ9 trillion (US$360.5 million).

Large number of insurance premiums reinsured abroad

Monday, Sep 23, 2024

In 2023, Vietnamese companies reinsured only VNĐ6 trillion of domestic reinsurance premiums, while they had to transfer VNĐ22 trillion of the premiums to foreign reinsurance companies.

Ministry of Finance to inspect insurers for motor insurance compliance

Friday, Sep 13, 2024

The Ministry of Finance will inspect four non-life insurance companies in 2024 to ensure adherence to mandatory motor vehicle insurance regulations.

Ministry of Finance urges swift insurance compensation after Typhoon Yagi

Monday, Sep 09, 2024

The Insurance Supervision and Administration Department of the Ministry of Finance has urged insurance companies to accelerate compensation payments to individuals impacted by Typhoon Yagi (Typhoon No. 3).

PVI Insurance raises capital twice in five months, hits VNĐ3.9 trillion

Tuesday, Aug 27, 2024

The Ministry of Finance has recently approved an increase in PVI Insurance''s charter capital from VNĐ3.5 trillion to VNĐ3.9 trillion (US$153.5 million).

Shinhan Bank and PVI Insurance sign strategic cooperation agreement

Friday, Aug 02, 2024

The tie up marks a milestone for sustainable collaboration between Shinhan Bank and PVI Insurance, thereby leveraging the strengths of both parties in offering customers optimal, secure and convenient financial protection solutions.

Banks permitted to sell investment-linked insurance products

Tuesday, Jul 16, 2024

A ban on commercial banks selling investment-linked insurance products has been lifted.

PVI Insurance excels in H1 with strong financial growth and impressive labour productivity

Wednesday, Jul 10, 2024

PVI Insurance has demonstrated outstanding performance in the first half of 2024 with strong financial growth and impressive labour productivity.