News Reinsurance28 Oct 2024

Vietnam:Reinsurance mitigates impact of Typhoon Yagi on BIC's underwriting performance

| 28 Oct 2024

The net impact on BIDV Insurance Joint Stock Corporation (BIC) of Typhoon Yagi, which occurred in the third quarter of 2024, is expected to lead to greater volatility in underwriting performance over the near term, says AM Best. Nonetheless, the impact is expected to be mitigated by the company's reinsurance programme.

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