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.
Vice President vows support for Manulife Financial Corp Business

Vice President vows support for Manulife Financial Corp

Vice President Dang Thi Ngoc Thinh has assured Vietnam’s consistent policy of supporting Canadian firms and Manulife in particular to effectively operate in the country during a reception for visiting Chief Executive Officer & Director at Manulife Financial Corp Roy Gori in Hanoi on November 29.
7,200 runners to race in Da Nang Marathon Culture - Sports

7,200 runners to race in Da Nang Marathon

More than 7,000 domestic and foreign runners from 52 countries and territories will race in the 2018 Manulife Da Nang International Marathon – one of the top marathon destinations in Southeast Asia – on August 12.
Bao Viet tops Vietnam insurance market Business

Bao Viet tops Vietnam insurance market

The Bao Viet Group ranked first among the insurance companies in Vietnam with a revenue of more than 9.9 trillion VND (nearly 423.7 million USD) in the first half of 2018.
Insurance firms plan to go digital Business

Insurance firms plan to go digital

Most insurance businesses are planning to apply new technologies in management systems and improving customer services, and many also plan to study new products to meet the market’s demand and diversify insurance sale channels, according to a recent Vietnam Report survey.
Vietcombank seeks bancassurance partnership Business

Vietcombank seeks bancassurance partnership

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), coded VCB on the Ho Chi Minh Stock Exchange, plans to invite bids from insurers for exclusive rights to distribute life insurance products through its network.
Insurers, bankers banking on each other Business

Insurers, bankers banking on each other

Touting it as a win-win deal for everyone, banks and insurance companies in Vietnam are promoting the “bancassurance” model to exploit a market with huge untapped potential.