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.
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.
Business

Non-life insurance hits double-digit growth

Non-life insurance premiums managed to return to a double-digit growth in the first eight months of 2014, according to preliminary reports of non-life insurance companies to the Insurance Supervisory Authority.
Business

Little interest in farm insurance

The Government wants to pilot an agricultural insurance scheme in some localities from July, but insurers are reluctant to get involved.

In newly ratified Decision 315, the Government said agricultural insurance aimed to cover farmers affected by natural calamities and crop and stock diseases.
Business

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.