Chủ đề: insurance

Agribank and FWD Vietnam have reached an agreement under which the former will distribute the latter’s insurance products within its network. The deal will make use of Agribank’s distribution network - the largest and most extensive in Vietnam - and FWD’s strengths in developing insurance products suitable for a wide range of customers and digital platforms.

Insurance companies going digital during the pandemic and the age of 4.0.

The professional reserve fund of Deposit Insurance of Vietnam currently stands at VND73.6 trillion ($3.23 billion). It contributes to the safety of the country’s banking and finance sector and is an important financial resource helping the agency better perform its functions and tasks.

The continuous decline in new motor car sales has affected the motor vehicle insurance revenue of non-life insurance companies, which reached just over VND10 trillion ($439.54 million) in the first eight months of 2021, down 7.7 per cent year-on-year.

Twenty-six per cent of Vietnamese consumers took out insurance policies during the fourth wave of Covid-19, according to a YouGov survey. This presents major opportunities for insurance companies in the country.

Strict social distancing measures will hurt insurance sector in the third quarter of 2021 but opportunities for growth will come from 2023.

Covid-19 has given Vietnam's insurance industry a boost.