Seven insurers have been given the green light by the Ministry of Finance to launch a pilot program of export credit insurance, according to the government website. They include Bao Viet Insurance Corp, Bao Minh Insurance Joint Stock Corp, PetroVietnam Insurance Joint Stock Corp (PVI), Bao Viet Tokio Marine Insuarance Joint Venture Co, QBE Vietnam [...]
Despite economic and financial difficulties this year, Vietnamese insurance market still had a high growth rate. Premiums totalled 17.362 trillion dong (US$842 million) in the first half of 2011, up 22 percent year on year. Insurers indemnified 5.892 trillion dong for insurance compensation coverage to the insured in the period. The Vietnamese insurance market is [...]
Vietnam’s Ministry of Finance (MoF) has recently released the list of insurance enterprises that are allowed to launch pilot programme of export credit insurance. Accordingly, there are seven firms in this list including Bao Viet Insurance Corp, Bao Minh Insurance Joint Stock Corp, PetroVietnam Insurance Joint Stock Corp (PVI), Bao Viet Tokio Marine Insuarance Joint [...]
Manulife Vietnam Insurance Co released the second-quarter (Q2) business results with a year-on-year increase of 32 percent in revenue from insurance premium. The impressive growth rate in April-June period resulted from expanding agency network as well as introducing the new insurance products of Phuc Tho Phu The in Vietnamese markets in June. David Wong, vice [...]
The high inflation rate has forced people to tighten their belt and spend less money on insurance policies. This explains the modest business result of life insurers in the first six months of year: though the premiums from new insurance policies increased by 30 percent, and the number of new policies increased by six percent [...]
The Ministry of Finance has issued a circular effective next month to guide implementation of Prime Minister’s Decision 315 on subsidising agricultural insurance for farmers to help them overcome the impacts of natural calamities and diseases. Under the two-year pilot programme, the government will pay 100 percent of the insurance premiums for poor farming households [...]
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