Singapore-headquartered regional InsurTech Igloo has announced that it has expanded its digital platform, Ignite, to the Philippines.
FWD Group Holdings (FWD) has announced the expansion of its award-winning financial literacy programme, JA SparktheDream, in Vietnam.
Government spending on renewable energy, transportation, and other large-scale infrastructure projects is likely to drive greater demand for non-life insurance coverage going forward, says AM Best.
Insurance companies and banks are looking for more guidance from the industry regulator on bancassurance operations following the issuance of new regulations.
Commercial banks can continue to sell investment-linked insurance products through the bancassurance channel.
Pan-Asian life insurer FWD was ranked number six in the 2024 Million Dollar Round Table (MDRT) top 10 multinational companies rankings, for the third consecutive year.
Vietnam government and state-owned enterprises plan to divest some of their shareholdings in the country's two biggest insurers, namely, Baoviet Holdings (BVH) and PVI Holdings.
Several non-life insurance companies in Vietnam have reported profit increases of over 40% in the first quarter of 2024.
Global credit rating agency AM Best says that it expects Vietnam National Reinsurance Corporation (VINARE) to continue delivering strong operating performance, supported by favourable underwriting performance and robust investment income.
In 2022, the Law on Insurance Businesses No 08/2022/QH15 came into effect, following the commitment agreed upon in the EU-Vietnam Free Trade Agreement in 2020, according to the Insurance Supervisory Authority (ISA) of Vietnam.