Vietnam
Vietnamese bank expands into non-life insurance sector
Other banks which made the same move are VietinBank, Agribank, and HDBank.
Vietnamese bank expands into non-life insurance sector
Other banks which made the same move are VietinBank, Agribank, and HDBank.
Vietnam-China talks aim for long-term elderly care solutions
Health insurance coverage in China has stabilised at above 97% of the population.
Why Vietnam’s insurers are pivoting to foreign reinsurers for large policies
Local firms reinsured $246m domestic reinsurance premiums, $902m were transferred to foreigners.
Central bank names Dang Duy Cuong as director of Deposit Insurance of Vietnam
Dang is currently the deputy director general of SBV’s human resource department.
Vietnam's health law revision to ensure compatibility with medical laws
The law may also introduce a deadline for the annual audit settlement.
Vietnam inspects insurers for motor vehicle regulation compliance
Voters reported challenges in claiming compensation.
Vietnam ensures insurance access in Typhoon Yagi-hit areas
Facilities providing health insurance-covered treatment can make advance payments.
Typhoon Yagi triggers reinsurance reassessment in Vietnam
Business interruption claims are expected to be manageable.
Cathay Life’s Taiwan unit sees profit dip in H1 2024
However, gross revenues increased 17.6% YoY.
AIA Vietnam’s profit dwindles in H1 2024
Revenues from insurance activities fell by 10.4%.
FWD Life Vietnam’s H1 2024 profit soars 70% YoY
Year-to-date, it reported a loss of $232.5m.
Generali Vietnam’s net profit plunges in H1 2024
Total assets amounted to $281.5m.
VINARE bags $14.27m pre-tax profit in H1 2024
It targets to reach pre-tax profit of $20.2m by yearend.
VSS adopts chip-based ID cards for health insurance consultations
Thanks to cashless insurance payments, beneficiaries' payments climbed 10%.
Vietnam's digital push aids 70% of social insurance payouts
VSS also achieved non-cash payments for 3.4m beneficiaries.
Vietnam’s non-life sector attracts robust foreign direct investment
Recent regulations supported the industry’s stable outlook.
HDI Global SE to buy 7 million more Vietnamese insurer’s shares
In 2021, the IFC and its funds acquired a 6.29% stake in PVI from HDI.
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1. India's life insurance growth slows to 10.6% in October 2. South Korean insurers brace for profit squeeze amidst rate cuts 3. bolttech secures $50m venture debt from HSBC, expands market 4. Life insurance premiums forecast to grow by 3% yearly until 2026 5. Prudential launches AI lab in SingaporeResource Center
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
