Life term upheld in insurance scam

The Appeals Court in Quang Ninh on June 27 upheld the life sentence handed to Bui Thi Thu Hang for swindling people off millions of dollars in an insurance scam.

Prudential earns 358 million USD in 2009

Prudential Life Insurance Vietnam Co on April 7 posted total revenue of 6.81 billion VND (358.1 million USD) in 2009, including insurance premiums of 4.73 billion VND (248.9 million USD).

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.