As part of its first anniversary celebrations, FWD Vietnam Life Insurance Company Ltd gave gifts to inmates at the Thanh Loc Paralyzed Elder Nursing Centre in Ho Chi Minh City’s District 12 and the Centre for Social Protection No 4 in Ba Vi, Hanoi and its staff spent time with them and did voluntary work.
The total premium collected by insurance companies in the first eight months of 2017 surged by 21.9 percent year on year to nearly 65.56 trillion VND (2.89 billion USD).
The total premiums collected by insurance companies in the first seven months of 2017 surged by 20.9 percent year on year to 57 trillion VND (2.5 billion USD).
The total premium collected by insurance companies in Vietnam in the first half of 2017 has grown 21 percent year-on-year to 47.17 trillion VND (1.8 billion USD).
Vice President Dang Thi Ngoc Thinh presented bicycles and scholarships to 200 students from poor families in the northern province of Hung Yen on June 30.
The insurance sector reported growth of 19 percent in premium income in the first five months of this year, topping 38.7 trillion VND (1.7 billion USD), the Insurance Association of Vietnam said.
The UK insurer Aviva announced on April 21 that it has acquired VietinBank’s 50 percent stake in its life insurance joint-venture Vietinbank Aviva (Aviva Vietnam).
Sun Life Financial Inc has announced the completion of the acquisition of the remaining 25% of charter capital of PVI Sun Life Insurance Co. Ltd rom PVI Holdings following regulatory approval.
Deputy PM Vuong Dinh Hue hoped the US’s AIA Corporation will pour more investment in Vietnam’s insurance market while receiving its President and CEO Mark Edward Tucker in Hanoi on August 25.
PVI Holdings continued to maintain its top position in the field of non-life insurance with revenue hitting 4.17 trillion VND (187.65 million USD) in the first half of 2016.
Vietnamese life insurance companies are seeing good growth in a niche market, holding a majority market share in the north central provinces of Nghe An, Ha Tinh and Quang Binh as well as in south west
Corporations of Vietnam and the United States on February 15 (US time) inked several deals in the presence of Prime Minister Nguyen Tan Dung on the sidelines of the ongoing special ASEAN-US Summit.
The Prudential Life Insurance Company signed a sponsorship agreement with the National Fund for Vietnamese Children (NFVC) on August 10 for better treatment of local children eyes.
Non-life insurance companies in the country are faced with a shortage
of actuaries who meet national standards, according to the deputy
general secretary of Vietnam Insurance Association.
The Vietnam Children Sponsor Fund and the Bao Viet Life Insurance
Corporation signed a cooperation agreement in Hanoi on June 16 to
grant 1,200 bicycles to poor children to support them in pursuing
education.
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