Taiwan group enters non-life market

Taiwan-based Cathay Financial Holding launched non-life insurance products in HCM City yesterday to add to its existing life insurance portfolio.

Cathay Insurance, which has a charter capital of VND300 billion (US$15.4 million), will focus on fire and accident insurance, property, transportation, vehicles and construction, he said.

It will initially focus on HCM City before expanding to all major cities, including Ha Noi, Hai Phong and Can Tho in the next five years.

Tags: Cathay Insurance, Vietnam insurance, Vietnam insurance industry, Vietnam insurance market

Posted by VBN on Dec 9 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