The perspectives, expertise, and guidance you need to better understand today’s world of increasing risk and complexity — and find the opportunity in it.
On November 5, Vietnam Joint Stock Commercial Bank for Industry and Trade Insurance Corporation (VBI) said that in the past few days alone, the company recorded 180 losses. The total estimated compensation value is about 30 billion dong, mainly concentrated in property and motor vehicle insurance.
Many solutions were discussed at the meeting between the Department of Insurance Management and Supervision (Ministry of Finance) and insurance companies, aiming for a safe, effective and transparent non-life insurance market.
(ĐTCK) Vietnam's non-life insurance market is forecast to continue to maintain a growth rate of over 10% this year, especially in personal and corporate insurance products.
To create a more favorable business environment, the Ministry of Finance has reviewed and proposed amending the Law on Insurance Business to eliminate inappropriate regulations.
Vietnam is considered a potential insurance market with huge room for growth. The demand for insurance products that contribute to social security and financial protection for people and businesses is increasing. In this context, it is extremely necessary to propose solutions to develop the market in a sustainable, transparent and effective manner.
