Insurance industry forecast to keep thriving in 2020 The insurance industry aims to maintain a high growth rate of 18.42 per cent this year, gaining revenue of VNĐ188.73 trillion (US$8.1 billion), according to the Ministry of Finance’s Insurance Supervisory Authority (ISA).

Prudential Vietnam in insurance distribution deal with SeABank Prudential Vietnam and the Southeast Asia Joint Stock Commercial Bank (SeABank) on Monday announced they have entered into an exclusive 20-year bancassurance partnership.

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Insurance companies need more high-tech products Insurance companies should use more electronic transactions and take advantage of high-tech produts to better compete in the market, a government official said yesterday in HCM City

Foreign insurers eye promising Vietnamese market Along with expansion strategies, life insurance firms have entered a fierce race to increase charter capital to improve their financial strength to attract customers.

Việt Nam’s insurance sector catches foreign attention The Vietnamese insurance market is heating up with many high-value bancassurance deals and mergers and acquisitions (M&A) unveiled recently.

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Insurance industry targets 20 per cent growth this year The country’s insurance sector has targeted a growth rate of 20 per cent this year, according to the Việt Nam Insurance Association.

Bancassurance becomes main service earner for banks Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.

Insurance stocks fail to attract individual investors

Most insurance stocks have underperformed despite a positive outlook for the Vietnamese insurance sector.