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Challenges in new insurance business segments

It is getting more and more difficult to to increase premium income from traditional business lines, therefore, non-life insurers are expanding their “playground” to new insurance business segments. Export credit insurance, agriculture insurance, guarantee insurance, liability insurance, directors and...

Insurance industry proves to be much-needed protection against newly arising losses

Public demonstration in Binh Duong province On May 13th and May 14th, there were some public gatherings to protest China’s oil rig movement into Vietnam’s territorial waters. Some hooligans took advantage of this situation and created disorder, damaged, set fire...

The shift of insurance industry

Vietnam is among Top 2 attractive markets for overseas insurance enterprises. However, opportunities and risks of fast growing markets are getting more and more complicated. The latest report from Ernst & Young (EY) on “The shift of insurance industry...

Historical milestones in 20 years of Vietnamese insurance market development (1993-2013)

1.       Decree No. 100/CP dated 18 December 1993 on insurance business was the legal basis for establishing non-life, life insurance market and insurance product distribution channel:  since 1993 – 2001, there were additional 6 local non-life insurers (Bao Minh,...

Diana factory in Bac Ninh has been insured

According to latest news, Bao Viet Tokio Marine has appointed McLarens as the loss adjuster. Bao Viet also appointed Crawford as the loss adjuster of TES. Initially, estimated loss for insured objects by Bao Viet could exceed USD500,000 (more...

Explosion at Z121 Factory received advance claim payments of more than VND1 billion from MIC

On October 18th 2013, representatives of Military Insurance Corporation (MIC) visited Z121 factory and provided advance claim payment of VND1 billion and VND300 million to dead workers’ families and injured workers. On the same day, MIC leaders paid a visit...

The insurance industry in 2013, to implement 6 groups of measures

In 2012, insurance companies had to face with innumerable difficulties, and tried their best to achieve business targets. Leader of Insurance Supervisory Authority said that 2013 will be even harder.   However, according to Mr. Trinh Quang Tuyen, Chairman...

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