Tỷ giá
On October 10 in Da Nang, Vietnam National Reinsurance Corporation (VINARE) successfully hosted the 9th Reinsurance Conference under the theme “Navigating Risks, Sustaining Growth”. Held biennially, the conference has become VINARE’s hallmark event and a trusted platform for domestic and international insurers and reinsurers to exchange insights and discuss market trends amid a rapidly changing environment.
The event was honored by the presence of Mr. Ngo Viet Trung, Director General of the Insurance Supervisory Authority (Ministry of Finance); Mr. Pham Van Duc, Deputy Director General of the Authority; representatives of the Vietnam Insurance Association; senior executives and managers of reinsurance and underwriting departments from non-life insurers across Vietnam; representatives from leading international reinsurance companies active in the Vietnamese market; along with VINARE’s Corporate leaders and department managers.
Taking place amid ongoing global economic and geopolitical uncertainties, climate change, and successive natural disasters, the 9th VINARE Reinsurance Conference highlighted the vital role of the insurance industry in helping the Government, regulators, businesses, and communities mitigate losses, stabilize livelihoods, and promote sustainable development.
A contemporary theme: Turning risks into growth drivers
In his opening remarks, Mr. Nguyen Anh Tuan, Chairman of the Board of Directors of VINARE, highlighted that despite multiple challenges, the Vietnamese non-life insurance sector has demonstrated remarkable resilience and adaptability. Thanks to the strong commitment and concerted efforts of both regulators and insurers, the industry has remained resilient and adaptable amid a rapidly changing environment. Specifically, the insurance market achieved 12% growth in 2024 and 10.6% growth in the first eight months of 2025, with total claims payments estimated at VND 17,735 billion – underscoring the industry’s essential role as a financial safety net for enterprises and individuals affected by losses and damages.
Within this broader landscape, VINARE continues to affirm its role as the National Reinsurer of Vietnam, contributing to effective risk control, risk transfer, and the reinforcement of market confidence. Mr. Tuan emphasized that, for VINARE, the Reinsurance Conference is not merely a biennial professional gathering, but a reflection of the company’s enduring commitment to fostering an open, professional, and uniquely Vietnamese platform for dialogue:
“We are committed to maintaining and further developing a conference that embodies the unique identity of Vietnam’s insurance industry – a platform where domestic and international insurers come together to share insights, strengthen collaboration, and collectively pursue the sustainable and dynamic growth of the Vietnamese insurance market.”
The theme of this year’s conference – “Navigating Risks, Sustaining Growth” – aptly captures the key issues shaping today’s market landscape.
“Beyond recognizing and managing risks, it is even more important that we work together to transform risks into drivers of innovation – enabling Vietnam’s insurance market not only to remain resilient amid volatility but also to achieve sustainable development. Together, we can turn uncertainty into stability and transform challenges into new opportunities”.
Chairman Nguyen Anh Tuan further affirmed: “In the coming years, VINARE will continue to uphold its role as Vietnam’s National Reinsurer, working closely with domestic and international reinsurance partners to support insurers in risk control, risk sharing, and financial capacity building. We aim to serve as an effective bridge linking Vietnam’s insurance market with regional and global partners. VINARE will continue its close coordination with regulatory authorities to effectively implement the Insurance Market Development Strategy to 2030 – with a focus not only on growth in scale but also on building a modern, transparent, and sustainable insurance market, where both businesses and individuals are protected and empowered to thrive. Through these efforts, we seek to enhance financial stability, strengthen market confidence, and foster deeper global integration of Vietnam’s insurance industry”.
Addressing the conference, Mr. Ngo Viet Trung, Director General of the Insurance Supervisory Authority (Ministry of Finance), shared that the Ministry is continuing to refine the legal framework – particularly through amendments to the 2022 Law on Insurance Business and its guiding regulations – to simplify administrative procedures and business conditions, thereby enhancing corporate autonomy and improving post-supervisory effectiveness.
Mr. Ngo Viet Trung further emphasized: “Insurance and reinsurance companies should take a proactive approach in collaborating with regulatory authorities to refine the legal framework, while also accelerating the development of new insurance products — particularly those involving reinsurance structures. These efforts will help enhance domestic risk retention capacity and ensure the financial stability of the market. At the same time, enterprises are encouraged to strengthen the application of information technology, promote digital transformation across business operations, management, and governance, and integrate their internal databases with the unified data system of the national insurance market”.
Expert insights and global perspectives
The conference featured a series of in-depth presentations from VINARE and leading global reinsurers, providing valuable perspectives on domestic and international insurance trends.
Mr. Mai Xuan Dzung, Chief Executive Officer of VINARE, presented an overview of Vietnam’s insurance market, analyzing performance by line of business, key risk trends over the past decade, and proposing solutions to promote sustainable growth and improve local retention capacity.
Distinguished speakers from Swiss Re, Munich Re, and Thai Re offered insightful analyses on global risk management, natural catastrophe response, and emerging areas such as electric vehicle insurance.
A successful conference, opening new horizons
With its rich agenda and diverse perspectives, the 9th VINARE Reinsurance Conference provided participants with a comprehensive view of Vietnam’s insurance and reinsurance markets within the broader regional and global context. The event reaffirmed VINARE’s leadership in fostering professional dialogue, partnership, and sustainable growth within Vietnam’s insurance industry.
Through the conference’s discussions, VINARE aimed to offer both domestic and international participants deeper insights into the evolving non-life (re)insurance market – helping them better identify risks, challenges, and emerging opportunities for future development. In his closing remarks, Chairman Nguyen Anh Tuan emphasized that the true success of the conference lies not only in its professional value but also in the spirit of connection and collaboration it fosters among local and global market players.
In the afternoon, the Conference continued with working sessions, meetings, and direct exchanges between domestic insurance companies and leading regional and international reinsurers.
Meaningful fundraising initiative
On the sidelines of the conference, VINARE launched a fundraising initiative to support communities severely affected by recent storms and floods. The campaign received enthusiastic contributions from partners and staff, raising a total of VND 116,900,000, which was donated to the Vietnam Fatherland Front Central Committee and the Thai Nguyen Provincial Relief Fund to assist those impacted by Typhoon Matmo (Storm No. 11).
This meaningful initiative reflects VINARE’s enduring commitment to corporate social responsibility – “When the storm passes, compassion remains” – demonstrating how professional excellence and human values go hand in hand. The strong response from delegates and partners underscored the spirit of solidarity within the (re)insurance community and added a deeply human dimension to the overall success of the 9th VINARE Reinsurance Conference.
