PTI opens insurance firm in Laos

Post and Telecommunication Joint Stock Insurance Corp (PTI) and Laos Development Bank (LDP) officially inaugurated Lane Xang Assurance Public Insurance Joint Stock Co (LAP) in Vientiane, Laos on October 11, 2010 with capital contribution ratio of 50-50. In the first phase, the newly established insurance firm has chartered capital of about $2 million.

Under the investment licence issued by Laos government, LAP has operation period of 30 years, and to offer such services as life insurance, non-life insurance, financial investment and other business lines that follow Laos’ law systems. – Dautu

Tags: PTI, Vietnam insurance, Vietnam insurance industry, Vietnam insurance market

Posted by VBN on Oct 11 2010. Filed under Insurance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry