The total revenue from insurance premiums in the market is estimated to have reached VND237.2 trillion (US$9.1 billion) last year, an increase of 4% compared to the previous year.
PVI Insurance has made history as the first and only non-life insurance company in Vietnam to exceed VND20 trillion (roughly US$800 million) in revenue in 2024.
The sale of insurance products through agency channels, including banks of some insurers, saw many violations, especially regarding the consultation of bank staff and brokers, according to the Ministry of Finance’s inspection result report.
PVI Insurance Corporation (PVI Insurance) proudly achieved remarkable recognition on June 7, as the sole insurance enterprise in Vietnam honoured in the prestigious "International Finance Insurance Awards" by the United Kingdom's International Finance Magazine (IFM).
It is critical to improve the quality of insurance agents and consultants to consolidate trust of insurance buyers and bring the life insurance market back on track, experts have said.
Insurers should promote digital transformation rapidly as, compared to other financial industries, the insurance industry is considered to have slow digital transformation with limited economic efficiency.
The Vietnam Report JSC on July 1 announced the lists of Top 10 most prestigious life and non-life insurance companies in Vietnam in 2022.
VOV.VN - FWD Vietnam Life Insurance Company Limited (FWD) has been honoured as one of the Best Companies to Work for in Asia 2021 by HR Asia, a leading human resources publication.
The Vietnam Report Joint Stock Company on July 9 announced Vietnam's top 10 prestigious life and non-life insurance companies in Vietnam in 2021 as well as assessments on the Vietnamese insurance market.
Insurance companies performed well in Vietnam during the COVID-19 pandemic, but their shares have not attracted much attention from investors.