Country: Vietnam Page 9 / 11
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- May 9 2017
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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- April 24 2017
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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- April 6 2017
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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- April 3 2017
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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- April 3 2017
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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- March 28 2017
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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- March 16 2017
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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- February 23 2017
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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- January 5 2017
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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- December 13 2016
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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- November 21 2016
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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- November 18 2016
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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- October 25 2016
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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- October 6 2016
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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- August 18 2016
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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- July 26 2016
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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- July 20 2016
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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- July 19 2016
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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- July 18 2016
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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- July 14 2016
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.
