Health and vehicles to be main growth drivers for non-life insurers in 2023

Friday, Mar 24, 2023

Data from the Vietnam Insurance Association reveals that non-life insurance and health insurance comprised the largest proportion of the insurance industry''s premium revenue last year, accounting for approximately 33.2 per cent, with revenue of VND22.41 trillion.

Life insurers look to expand, raise capital

Wednesday, Mar 08, 2023

Life insurers continuously increase their charter capital to meet the requirements of financial safety as well as to fulfill the target of market expansion.

Low interest rates put pressure on non-life insurers

Tuesday, Mar 01, 2022

hough the economic recovery can give non-life insurers opportunities to improve revenue, it will be still difficult for them to increase profits as the majority of their investment portfolios are bank savings and government bonds, whose interest rates are forecast...

Insurers keep cash bonus, but rates get lower in 2020

Saturday, Jun 20, 2020

As economies are being ravaged by the pandemic COVID-19, local companies are trying to secure cash to prepare for a rough period ahead

Hanwha Life Vietnam hits trillion dong first year premium milestone with customer-centric strategy

Friday, Mar 20, 2020

Despite being a late entrant into the Vietnamese life insurance market compared to many others foreign insurers, but thanks to its right business strategy, Hanwha Life Vietnam, a life insurer from Korea, has remarked the trillion dong premium revenues insurance...

VN stocks fall further, financial-insurance firms extend losses

Friday, Nov 22, 2019

Vietnamese shares slid on Friday morning, dragged by financial-banking companies.

Foreign insurers eye promising Vietnamese market

Thursday, Nov 07, 2019

Along with expansion strategies, life insurance firms have entered a fierce race to increase charter capital to improve their financial strength to attract customers.

Bancassurance brings risks for insurers

Wednesday, Oct 03, 2018

The model of distributing insurance products via banks (bancassurance) has contributed significantly to increasing insurers’ revenue, but experts warned that the overheating growth of the business could cause insurers to have to pay compensations due to mistakes made by bank employees,...

Hanwha Life to boost charter capital

Friday, Jul 13, 2018

South Korea’s Hanwha Life Insurance Company (Vietnam) on Wednesday announced plans to increase its charter capital by VND3 trillion to VND4.89 trillion, becoming one of the largest life insurers in the country.

Liberty Insurance ranks in top 10 best non-life insurance companies in 2018

Tuesday, Jul 10, 2018

Liberty Insurance has been named among the top 10 non-life insurers in Viet Nam for 2018.  

Korean life insurer's ambitious Viet Nam plans

Tuesday, Oct 11, 2016

South Korea''s Hanwha Life is one of the seven biggest life insurers in Viet Nam after being in the country for more than seven years. Viet Nam News asks chairman and CEO Back Jong Kook about the company''s strategy in Viet Nam and...

VNR names top 20 banks and insurance firms

Friday, Jul 29, 2016

The Vietnam Report announced the names of the 20 most reputation commercial banks and insurance firms in Viet Nam on July 27.

Insurers optimistic on growth prospects for rest of 2016

Wednesday, Jul 06, 2016

Insurers have expressed optimism over the country''s insurance sector for 2016 thanks to strong results last year, according to Viet Nam Report (VNR).

VN stocks mixed; insurance firms, banks advance

Friday, Apr 29, 2016

Vietnamese shares were mixed on the two local bourses this morning, even as insurance companies and banks made good gains.

Domestic insurers see AEC potential

Thursday, Mar 10, 2016

Vietnamese insurers have been offered great opportunities to expand their market share in the regional market thanks to the formation of the ASEAN Economic Community (AEC).