Friday, April 27, 2018

Vietnam

Talanx to up stake in PetroVietnam Insurance

Talanx to up stake in PetroVietnam Insurance

A unit of the German company plans to raise its ownership in the state-owned insurer to at least 49%.

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NongHyup expands insurance business in China, Vietnam

NongHyup expands insurance business in China, Vietnam

The Korean group is expanding its insurance business as part of efforts to strengthen its overseas portfolio.

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Muang Thai Life plans more regional expansion

Muang Thai Life plans more regional expansion

It will focus on Myanmar, Indonesia, Malaysia and the Philippines after the success of JVs in Indochina.

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Vietnamese non-life insurers post 11% increase in revenue

Vietnamese non-life insurers post 11% increase in revenue

Non-life insurers in the country booked roughly US$1.78bn, according to the latest data from the finance ministry.

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Prudential sells Vietnam consumer finance unit to Shinhan

Prudential sells Vietnam consumer finance unit to Shinhan

A subsidiary of the Korean financial group has agreed to pay US$151m for Prudential Vietnam Finance.

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Positive outlook for Vietnam in 2018

Positive outlook for Vietnam in 2018

The sector is expected to grow 22% this year, according to the Insurance Supervisory Authority.

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Vietnam suffers rare US$1bn loss after Typhoon Damrey

Vietnam suffers rare US$1bn loss after Typhoon Damrey

This year marks the first time since 1993 that Vietnam has had a season with a Cat 2 and 3 typhoon landfall.

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Vietnam premiums up 20%

Vietnam premiums up 20%

The country’s insurance industry continues to expand, with total premiums reaching US$3.7bn through October.

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AIA inks 15-year bancassurance deal in Vietnam

AIA inks 15-year bancassurance deal in Vietnam

The partnership with VPBank will provide acess to the bank’s network of 215 branches and transaction offices.

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Vietnam’s health coverage likely to hit 83% this year

Vietnam’s health coverage likely to hit 83% this year

The prime minister announced the penetration rate at the fourth session of the 14th National Assembly in Hanoi.

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Vietnam’s market keeps positive growth

Vietnam’s market keeps positive growth

Total premiums for the whole market in the January-September period were estimated to have increased 18% year-on-year.

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Vietnam market remains upbeat

Vietnam market remains upbeat

Sustained product awareness and continued economic expansion have helped premiums to grow 21%.

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Vietnam premiums up 22%

Vietnam premiums up 22%

Collections grew 22% during the first eight months of this year to about Vnd65.56tr (US$2.89bn).

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Aviva Asia launches Vietnam subsidiary

Aviva Asia launches Vietnam subsidiary

The insurer considers Vietnam a market with high growth potential and Asia as a region of strategic importance.

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Premiums up 21% in Vietnam

Premiums up 21% in Vietnam

Insurers in the South-East Asian country saw premiums rise 21% in the first half on the back of rising living standards.

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Mirae Asset Life to buy 50% stake in Prevoir Vietnam

Mirae Asset Life to buy 50% stake in Prevoir Vietnam

The deal marks Mirae’s entry into the Vietnamese market, having reportedly outbid a Chinese competitor.

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Samsung Fire & Marine buys 20% of Vietnamese insurer

Samsung Fire & Marine buys 20% of Vietnamese insurer

The Korean insurer will buy the stake in PJICO from Vietnam’s largest petrol dealer for US$23.4m.

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Aviva acquires entire shareholding in Vietnam JV

Aviva acquires entire shareholding in Vietnam JV

The former joint venture with VietinBank is now a wholly owned subsidiary of the British insurer.

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Cat pricing unmoved