Friday, January 19, 2018

Vietnam

Insurance initiatives among Apec agenda in Vietnam

Insurance initiatives among Apec agenda in Vietnam

Representatives from 21 economies acknowledged that Asia is among the areas most vulnerable to natural disasters.

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Vietnam’s insurance penetration hits 81.7%

Vietnam’s insurance penetration hits 81.7%

There are now more than 76 million people in the country who are covered by health insurance.

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No hike in Vietnam’s health insurance fees

No hike in Vietnam’s health insurance fees

The ministry has said fees will remain at 4.5% of salaries for public-sector workers or those in full-time employment.

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Hanwha’s Vietnam strategy finally pays off

Hanwha’s Vietnam strategy finally pays off

For the first time since launching in the country, the Korean insurer has posted a profit.

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Future disasters to cost Vietnam $6.7b

Future disasters to cost Vietnam $6.7b

About 60% of the country’s land and 71% of its population are at risk of typhoons, tornadoes and floods.

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Bangkok Insurance looks to re-enter Vietnam

Bangkok Insurance looks to re-enter Vietnam

After pulling out of Vietnam 10 years ago, BKI is studying a possible re-entry into the neighbouring market.

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Prudential announces leadership shuffle

Singapore CEO Philip Seah will take on an executive position as senior adviser in Prudential Corporation Asia.

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Vietnam sets social and health insurance targets

Vietnam sets social and health insurance targets

The country is aiming for at least 50% of the population to have social insurance coverage by 2020.

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Vietnamese life market booming

Vietnamese life market booming

Total life insurance premiums reached close to US$1bn for the first half of 2016, according to the Vietnam Insurance Supervisory Authority.

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Manulife Vietnam gets green light to raise charter capital

Manulife Vietnam gets green light to raise charter capital

The approval means Manulife Vietnam can raise its charter capital by 38%, its second hike in eight months.

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Vietnam imposes ceiling on foreign reinsurance

Vietnam imposes ceiling on foreign reinsurance

Foreign companies can now only reinsure up to 90% of their total insurance liability due to ‘issues with overseas reinsurance’.

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FWD signs Vietnam distribution agreement

FWD signs Vietnam distribution agreement

The 15-year bancassurance deal solidifies FWD’s market entry as it completes the acquisition of Great Eastern Life Vietnam.

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Vietnam’s insurance industry investment up 500%

Vietnam’s insurance industry investment up 500%

Last year was a successful one for Vietnamese insurers after total premiums recorded the sharpest increase in the last 10 years.

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Great Eastern sells Vietnam business to FWD

Great Eastern sells Vietnam business to FWD

The OCBC-owned insurer is selling its business in the country to FWD Life Insurance for US$48.2 million.

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Philippine insurance regulator named first Mefin head

Philippine insurance regulator named first Mefin head

Emmanuel Dooc will chair the newly created Mututal Exchange Forum on Inclusive Insurance in Asia.

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Vietnamese insurers told to gear up for AEC and TPP

Vietnamese insurers told to gear up for AEC and TPP

The country’s legal framework for the sector is outdated and incomplete, and the industry lacks good governance, says one critic.

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Tokio Marine raises stake in Vietnamese JV

Tokio Marine raises stake in Vietnamese JV

The Japanese insurer is raising its stake in Bao Viet Tokio Marine Insurance to 51% from 49%.

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Vietnam plagued with malware

Vietnam plagued with malware

The country continues to be targeted by hackers linked to the political dispute over the South China Sea.

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