Pivotal time for makeup of Vietnamese insurance
April 09, 2024 | 09:54
After a decade of consistent growth, Vietnam’s insurance industry is now undergoing a period of adjustment. The total insurance premium in 2023 fell by 8.4 per cent to $9.5 billion, with the life insurance sector experiencing the most significant on-year decline at 12.5 per cent.
Bancassurance inspections imminent
March 19, 2024 | 10:05
The Ministry of Finance is going to conduct inspections on six insurers, with a focus on those involved in bancassurance.
Prospects still cloudy for bancassurance
February 28, 2024 | 11:00
Diverse sentiments persist over bancassurance business prospects at local commercial banks, partly driven by a novel policy move.
Bancassurance changes in the name of sustainability
February 28, 2024 | 09:30
Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked with VIR’s Hong Dung about the new regulations on bancassurance operations in Vietnam.
Banks juggle bancassurance quandary
September 06, 2023 | 16:56
Some Vietnamese commercial banks have reported a dramatic dip in their bancassurance sales for the first half of the year as the sector navigates controversies and a historically low number of active life insurance contracts.
Bancassurance difficulties softened by profit results
August 21, 2023 | 17:10
Although a decline in the sale of insurance products through banks has materialised in recent months, the sector remains a lucrative avenue for banks.
Insurers to face penalties for wrongdoing in bancassurance sales
July 03, 2023 | 09:47
The Ministry of Finance (MoF) inspection reveals regulatory violations by Prudential, MB Ageas Life, Sun Life, and BIDV Metlife in their bancassurance sales practices, leading to impending penalties and increased scrutiny in the Vietnamese insurance marke
Bancassurance takes on trust challenges
June 22, 2023 | 09:26
The bancassurance sector is facing challenges amid many partnerships and complaints, requiring stricter regulations and improved governance to restore customer trust.
Chubb Life Vietnam and Hong Leong Bank bring more choice to customers
June 12, 2023 | 18:07
Chubb Life Vietnam and Hong Leong Bank have formalised a strategic partnership agreement to deliver Chubb Life's Life Insurance solutions to more customers.
LienVietPostBank and Dai-ichi Life Vietnam sign exclusive 15-year agreement
November 23, 2022 | 10:13
On November 22, LienVietPostBank and Dai-ichi Life Vietnam held the signing ceremony for the exclusive bancassurance agreement at JW Marriott in Hanoi.
Orphan contracts cause issues in bancassurance
June 08, 2022 | 11:36
Many bank clients have bought insurance through their banks (bancassurance), but they have received no support from the institutions when problems arose.
LienVietPostBank to sign an exclusive bancassurance agreement in mid-June
April 30, 2022 | 10:01
LienVietPostBank is mulling over an exclusive bancassurance deal after its 5-year agreement with Dai-ichi Life.
MB reaches top spot in Vietnam's bancassurance market
April 03, 2022 | 13:53
With impressive annual premium equivalent (APE) sales in February and March, MB has taken the top spot in the bancassurance market.
AIA Vietnam and VPBank strengthen long-term strategic partnership
March 15, 2022 | 17:21
AIA Vietnam and VPBank on March 15 announced that the former has extended its long-term strategic partnership with the latter for four more years.
Central bank to keep watch on bancassurance activities
January 26, 2022 | 17:13
Bancassurance activities will have to strictly comply with the provisions of the Law on Insurance Business, according to the State Bank of Vietnam (SBV).
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