Vietnam's insurance sale hits five-year high
Vietnam's insurance sale reached around VND68 trillion (US$2.96 billion) by 2015 end, up 21.43% year on year, the highest growth since 2011, according to latest figures released by the Ministry of Finance.
Non-life insurance sector accounted for more than 45% of the total sale and recorded a rise of 14%, while life insurance sector's revenue grew 29.5%, the ministry said.
Local insurance companies' combined payouts were estimated over VND21 trillion (US$916.35 million), it said.
Vietnam's insurance market is forecast to grow over 10% in 2016.
Local insurance companies' combined payouts were estimated over VND21 trillion (US$916.35 million), it said.
Vietnam's insurance market is forecast to grow over 10% in 2016.