life insurance

Sun Life's charter capital now among the top three largest in Vietnam

April 05, 2024 | 15:15

Sun Life Vietnam has increased its charter capital to over $718 million.

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.

Shinhan Life Vietnam launches new insurance distribution channel

February 21, 2024 | 10:25

Korean-backed Shinhan Life Insurance Vietnam Co., Ltd. officially introduced its financial consultancy FC Channel today, underlining the company’s strong commitment to implementing sustainable and long-term growth strategies in the Vietnamese market, whil

Non-life segment leads the pack in insurance gains

January 01, 2024 | 15:00

The life insurance segment in Vietnam is struggling amid a confidence crisis, while non-life insurance has exhibited robust growth and lured in foreign investment.

Non-life insurance to engage customers

November 14, 2023 | 13:00

The insurance landscape in Vietnam is undergoing massive change. The risks Vietnamese people are exposed to on a daily basis are on the rise and becoming increasingly unpredictable.

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.

Generali Vietnam implements e-KYC, stepping up Transparent Insurance strategy

August 08, 2023 | 10:18

From August 1, Italian-backed life insurer Generali Vietnam has applied mandatory electronic customer identification and authentication.

Insurtech groups utilise Vietnam for ambitious plans

August 07, 2023 | 18:00

Driving the digital revolution in Southeast Asia’s insurance sector, foreign insurtech companies have identified Vietnam as a burgeoning epicentre for industry innovation and growth.

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

Awareness must blossom for insurtech to prosper

April 17, 2023 | 18:00

Vietnam’s insurance market, particularly digitally non-life insurance products which cater to the specific needs of customers, is still in its infant stage.

Evaluating the elements at heart of non-life insurance

April 17, 2023 | 15:31

Customers should carefully consider the terms of non-life insurance contracts to ensure optimal benefits before buying any products. Vo Manh Tin, deputy general director of AAA Insurance Company, chatted to VIR’s Le Luu about the current trends in the sector.

The Vietnam opportunity is undeniable

October 19, 2022 | 12:00

In a 10-day visit to Vietnam following his appointment, Damien Green, Manulife Asia’s president and CEO, shared his thoughts on a post-COVID recovery and why Manulife Vietnam is a key player in the company’s growth in Asia.

Race is on for motor vehicle insurance market share

October 12, 2022 | 11:00

The non-life insurance business, particularly for vehicles, is gaining pace across Vietnam.

Manulife Vietnam: Professionalising advisers through technology

September 16, 2022 | 12:00

In an era where digital adoption is no longer an option but a must, it is important that insurers also transform the agency model to embrace the benefits that digitalisation brings. Robert Trieu, chief agency officer for Manulife Vietnam, shared his thoughts with VIR’s Ha Thuy on how Manulife is professionalising its advisers through technology and creating a digital edge.