Vietnamplus

Insurance companies must tighten the supervision and inspection of insurance agencies, quality of consultation, and sales, said the Insurance Supervisory Authority, the country's insurance industry regulator under the Ministry of Finance.

Insurance companies will have the chance to earn higher profits in 2023 thanks to a continual interest rate hike trend.

Insurers should promote digital transformation rapidly as, compared to other financial industries, the insurance industry is considered to have slow digital transformation with limited economic efficiency.

The Vietnam Report JSC on July 1 announced the lists of Top 10 most prestigious life and non-life insurance companies in Vietnam in 2022.

The Government has urged provinces and centrally-run cities nationwide to raise the health insurance coverage rate to 95.15 percent by 2025.

Over the past year, the economic situation has changed a lot due to the pandemic, which has affected non-life insurance revenue, but many businesses still achieved high profits.

State capital divestment planning and the removal of limitations on foreign ownership are expected to drive insurance stocks to flourish in 2022.

The Vietnam Report Joint Stock Company on July 9 announced Vietnam's top 10 prestigious life and non-life insurance companies in Vietnam in 2021 as well as assessments on the Vietnamese insurance market.

Insurance companies performed well in Vietnam during the COVID-19 pandemic, but their shares have not attracted much attention from investors.

Vietnam’s insurance market is expected to achieve a growth rate of more than 20 percent this year, according to Vietnam Report (VNR).

The Cambodian Ministry of Economy and Finance and Ministry of Health have collaborated with local insurance companies to issue the 50,000 insurance certificate required for foreign travellers, according to the Khmer Times.

Insurance companies enjoyed an increase in sales in the first quarter of this year.

Insurance companies should use more electronic transactions and take advantage of high-tech products to better compete in the market, a government official said in Ho Chi Minh City on November 14.

Deputy Prime Minister Vuong Dinh Hue received Chairman of the China Taiping Insurance Group Luo Xi in Hanoi on November 12, welcoming the firm’s intention to invest in the insurance market of Vietnam.

Insurance companies and their agents face stricter scrutiny as a number of Government decisions designed to regulate agents’ qualifications are set to take effect in November.

Long-term disability insurance will become compulsory for people born from 1980 onwards in Singapore after the country’s Parliament passed the CareShield Life and Long-term Care Bill on September 2.

Vietnam’s insurance sector has targeted a growth rate of 20 percent this year, according to the Vietnam Insurance Association.

Most insurance stocks have underperformed despite a positive outlook for the Vietnamese insurance sector.

Vietnam’s insurance industry maintained positive growth in the first four months of 2019, with total premiums surging by 17 percent year-on-year to 44.3 trillion VND (1.9 billion USD), the Ministry of Finance reported.

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.