Vietnam’s insurance premium revenue drops for first time in 10 years
A crisis of confidence caused insurance premium payments in Vietnam to drop over 8.3% year-on-year in 2023, the first fall in 10 years, according to the General Statistics Office (GSO).
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Generali Vietnam head becomes Manulife Vietnam CEO
Canadian-invested life insurer Manulife Vietnam has appointed Tina Nguyen, who has nearly 20 years of experience in the sector, as its new CEO.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legislative body orders comprehensive inspection of life insurance market
The National Assembly of Vietnam has assigned the government to conduct a comprehensive inspection of the life insurance market, especially insurance-cum-investment products, in a freshly adopted resolution.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legislator proposes probe into life insurance sector after customer complaints
A parliament member wanted Vietnamese regulators to inspect the country’s life insurance industry following multiple customer complaints about deception.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Minister asks for quality controls following life insurance complaints
Vietnamese Finance Minister Ho Duc Phoc has said that quality needs to be lifted in the country’s fast-expanding life insurance sector following multiple customer complaints.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Manulife Vietnam boss promises settlements for all bancassurance-related customer complaints
Canadian-backed life insurer Manulife Vietnam will solve customer complaints regarding its bancassurance services via Saigon Commercial Bank, the company’s chairman Sachin Shah said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Clients accuse life insurer Generali Vietnam of deceiving
Several customers with Generali Vietnam insurance policies have accused the Italian-backed firm of making vague contracts and falsifying customer signatures.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finance ministry tightens supervision over life insurers
The Insurance Supervisory Authority has requested life insurance companies to ensure the information in their product introduction documents complies with the law.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's top 5 life insurance giants
Baoviet Life, Dai-ichi, Prudential, Manulife and AIA were the top life insurers in Vietnam in terms of premiums from 2015-2022, according to the companies' reports.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Prudential Vietnam’s profit up 8-fold to $155 mln in 2022
Life insurer Prudential Vietnam recorded an after-tax profit of VND3.64 trillion ($155 million) in 2022, a 7.7-fold increase year-on-year, according to the firm’s report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Manulife records core earnings of $309 mln from Vietnam operation in 2022
Canada-headquartered life insurer Manulife recorded a core earning of $309 million from Vietnam operation in 2022, up 6.55% year-on-year, according to the parent firm’s latest report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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