The PetroVietnam Insurance Company (PVI) has said it plans to transform itself into a holding company called PVI Holdings by July 18. Company restructuring is aimed at shifting operations to subsidiaries set to conduct business on PVI’s behalf. “With the establishment of PVI Holdings, we aim to widen our business activities to include, amongst others, [...]
Agricultural insurance has triggered a great deal of concern among insurers and the beneficiaries though its trial application now underway in 21 provinces and municipalities. Bao Minh Insurance Joint Stock Corporation’s professional services director Nguyen Van Minh sheds some light on the pilot programme. Agricultural insurance was formerly handled by scores of insurers but all [...]
The potential export credit insurance market remains a foreigners’ playground, with this product new to local insurance firms. Of the five insurance firms providing export credit insurance products, Chartis Vietnam Insurance Co. Ltd and QBE Insurance (Vietnam) Co. Ltd are foreign. Notably, those firms dominate the major contracts of Vietnam-based clients. Local firms Bao Viet [...]
On July 1, the agricultural insurance service will officially be piloted in 21 provinces/cities, the Dau Tu Chung Khoan newspaper reported. Accordingly, the service includes insurance for paddy plant in Nam Dinh, Thai Binh, Nghe An, Ha Tinh, Binh Thuan, An Giang, Dong Thap; insurance for livestock and poultry in Bac Ninh, Nghe An, Dong [...]
Manulife Vietnam launched its Vung Tau City sales office Monday, strengthening the Canadian-invested life insurer’s presence in the southern province of Ba Ria-Vung Tau, Vietnam’s hub for oil and gas exploration. “Vung Tau has become an essential market for Manulife with significant business growth recently,” Manulife Vietnam CEO Carl Gustini said during the office launch. [...]
Washington DC (VNA) “Research and Markets” has said that Vietnam insurance market is one of the fastest growing insurance markets in the world and Vietnam insurance sector offers ample opportunities for international insurers. The company’s “Vietnam Insurance Sector Forecast to 2014″ report wrote: “The country’s insurance market has been witnessing a double digit growth for [...]
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
China Business News