Total insurance premiums in the first seven months of this year surged by 30.8 per cent year-on-year to VNĐ69.5 trillion (US$2.95 billion), the Ministry of Finance reported.
The Bảo Việt Group ranked first among insurance companies in Việt Nam with a revenue of more than VNĐ9.9 trillion (US$423.7 million) in the first half of 2018.
Việt Nam’s insurance industry achieved high on-year growth of 24.35 per cent in the first half of 2018, helping total revenue to reach more than VNĐ58.65 trillion (US$2.55 billion).
The first press awards in the life insurance sector will be given away to honour journalists for their contributions to raising awareness about the importance of insurance both to the economy and society.
The insurance market in Việt Nam is poised for robust growth in 2017, bolstered by the anticipated improved economic outlook, along with the Government’s policies of promoting the services market.