Thursday, December 14, 2017

Vietnam

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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Vietnam simplifies approval of life products

Vietnam simplifies approval of life products

A new regulation means life insurance companies will find it quicker and easier to get product approvals.

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Sun Life inks insurtech deal with Vietnam’s GOFS

Sun Life inks insurtech deal with Vietnam’s GOFS

The Canadian life insurer has forged a three-year partnership with the operator of Vietnam’s first digital bank.

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Aviva appoints CEO for China, Indonesia and Vietnam

Aviva appoints CEO for China, Indonesia and Vietnam

Randy Lianggara, who joined from AXA last year, takes on a newly created role to drive growth in these key markets.

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Vietnam seeks to expand health insurance coverage

Vietnam seeks to expand health insurance coverage

With a growing elderly population, the government aims to bring the country’s insurance coverage to 100% by 2030.

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Vietnam’s life sector posts record-high growth

Vietnam’s life sector posts record-high growth

Total life insurance premiums in the first 10 months of last year grew at 37%, the highest in a decade.

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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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WINTER 2017

Defending Asia's evolving risks