Banks, insurers boost bancassurance to get returns Business

Banks, insurers boost bancassurance to get returns

Banks and insurance companies are ramping up cooperation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.
AIA Vietnam sees excellent results in 2015 Business

AIA Vietnam sees excellent results in 2015

AIA Vietnam said on February 28 that it had excellent business results last year, as the value of new business doubled for three consecutive years and the AIA Exchange, was launched.

Can Tho launches “Life’s Journey” programme

The National Fund for Vietnamese Children (NFVC), in cooperation with AIA Vietnam and the Department of Labour, Invalids and Social Affairs of the Mekong Delta city of Can Tho, launched the “Life’s Journey” programme on November 6 to raise funds to buy bicycles for the city’s disadvantaged children.

Life insurance market lifts in first half

The life insurance market in the first half of the year saw revenue gains of about 25 percent over the same period last year, according to preliminary statistics from the Vietnam Insurance Association.

Bancassurance starts to boom in Vietnam

Insurance companies in Vietnam have started to work with commercial banks to introduce the Bancassurance Service to the country, hoping to raise revenues and expand their market share. 

Bancassurance includes a range of insurance products sold through banking networks and is also known as the Banking Insurance Model or BIM.