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 [...]
Manulife Vietnam today reported second-quarter growth of 32 per cent in annualized premium equivalent (APE) for its life insurance division compared with the second quarter of 2010. David Wong, Senior Vice President for Manulife ASEAN operations, said: “Our second-quarter results showed excellent progress and established many new records in sales and business growth for Manulife [...]
Due to difficult business, some insurance companies are struggling to access customers. Online insurance sales are the new method for them to improve the current performance. Pham Truong Khanh, Marketing Director of Liberty insurer said that the generally difficult economy context has affected the most sectors and industries. Despite the non-life insurance premiums in Jan-June [...]
A subsidiary of Germany’s third-biggest insurer, Talanx, has agreed to buy a 25 per cent stake in the enlarged share capital of Vietnam’s PVI Holdings for VND1.92 trillion ($92 million), PVI said on Wednesday. The transaction with HDI-Gerling Industrie Versicherung AG is expected to take place before the end of the year, pending local regulatory [...]
In the first six months of this year, the growth rate of non-life insurance premium remained stagnant. Meanwhile, the life insurance premium posted a growth of 15.93 percent in the first half of this year, up 14.39 percent from the same period last year. Prudential and Bao Viet Life still maintained the leading positions in [...]
AIA Group Limited, the leading pan-Asian life insurance group, announced a record performance for the six months ended May 31, 2011, with value of new business (VONB) rising 32 per cent compared with the same period last year to $399 million. Embedded value (EV) increased 11 per cent to $27.394 billion and annualised new premium [...]
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