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
Baoviet, Manulife top Vietnam in life insurance premiums
Baoviet Life topped the nation in life insurance premiums received in the first six months of the year, followed by Manulife, Prudential, Dai-ichi Life and AIA, according to the Insurance Association of Vietnam.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Prudential, MB Ageas, Sun Life, BIDV Metlife guilty of bancassurance violations
Life insurers Prudential, MB Ageas, Sun Life, and BIDV Metlife have been found guilty of bancassurance violations and will have to pay administrative fines to fix their wrongdoings, the Ministry of Finance said on Friday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finance ministry to release life insurer inspection results
Vietnam’s Ministry of Finance has concluded its inspections into four life insurers and will publicize the results later this month, the ministry said at a regular press conference on Friday.
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
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
Insurer Manulife records $236 mln loss after 25 years in Vietnam
Canada-headquartered life insurer Manulife made an accumulated after-tax loss of nearly VND5.53 trillion ($236 million) by the end of 2022 after nearly 25 years in Vietnam.
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
Investigation launched into deposit savings scandal at Saigon Commercial Bank
The Ministry of Finance's insurance supervision administration has transferred complaints from dozens of citizens to the Ministry of Public Security regarding deposit savings at Saigon Commercial Bank (SCB) that were converted into insurance contracts.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Baoviet, Manulife, Prudential top life insurers in Vietnam
Baoviet Life, Manulife, and Prudential were the top life insurers in Vietnam in terms of insurance premiums in the first nine months of the year.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam set to issue first internationally verified green bonds worth $75 mln
EVN Finance has signed deals for a VND1,725 billion ($75 million) bond issuance that will mark Vietnam’s inaugural onshore, internationally verified green bonds in local currency.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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