Business

VN offers ample opportunities for int'l insurers

"Research and Markets" has said that Vietnam insurance market is one of the fastest growing insurance markets in the world and Vietnam insurance sector offers ample opportunities for international insurers.
Business

Insurers urged to prioritise services

Insurance companies saw high profits last year, with insurance premiums totalling 30.8 trillion VND (1.5 billion USD) in 2010 – far surpassing 2009's total of 25.5 trillion VND (1.2 billion USD), said the president of the Association of Vietnamese Insurers, Trinh Quang Tuyen.
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

Insurance premium grows 20 percent

Total insurance premiums are estimated to have reached 30.69 trillion VND (1.57 billion USD) this year, a rise of 20.3 percent on last year, according to the Ministry of Finance's Insurance Management and Supervision Department.
Business

Pioneering project insures bright rural future

While the country is waiting for Government approval of a pilot agricultural insurance project, a model of livestock insurance fund in Son La province’s Moc Chau Dairy Cow Breeding JSC (MCDCB) has been successful, helping minimise risks for farmers.
Society

Demand for life insurance increases

The domestic life insurance market has been sparked into life by a story that received wide media coverage about a businesswoman whoa paid an annual premium of 1.2 billion VND (61,000 USD).
Business

Insurers see Non-life premiums climb

Non-life insurance revenue reached 8.24 trillion VND (429.21 million USD) in the first six months of this year, according to the Association of Vietnamese Insurers.
Business

Vietnam's nonlife insurance market gathers steam

The Japanese economic daily, Nikkei on August 11 carried an analysis saying that Vietnam's nonlife insurance market is attracting more and more corporate and individual customers, and the intensifying competition may spur a realignment among insurers.
Society

Agribank set to offer agricultural insurance

The Vietnam Bank for Agriculture and Rural Development (Agribank) has said it is planning to submit an agriculture insurance project to the government, under which all compensation will be paid by Swiss Reinsurance.
Society

Insurers ready to grasp new opportunities

Insurance firms nationwide are warming up to launch a range of new products to catch the opportunity to do business this year after optimistic forecasts on Vietnam and the world’s economic recovery.
Business

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.