Woes hit agriculture insurance

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Báo Đầu Tư English 1 week(s) ago

Woes hit agriculture insurance

A two-year-old pilot programme for agricultural insurance designed to stabilise the livelihood of farmers has revealed difficulties that have produced losses for the insurance firms.

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For banks in cyber heist, how to get their money back?

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Báo Tuổi Trẻ English 1 week(s) ago

For banks in cyber heist, how to get their money back?

NEW YORK – Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say.

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National Highway No 1 to be widened

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VietNam News English 1 month(s) ago

The Ministry of Transport and central Quang Binh Province yesterday broke ground for the widening of 29km of National Highway No 1 in Quang Trach and Bo Trach districts.

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Social insurance fund in deficit

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VietnamNet English 1 month(s) ago

Social insurance fund in deficit

VietNamNet Bridge - "If wages continue to rise, it is forecast that by 2023, with about 10 million pensioners, the social insurance fund will have only enough money to pay retirement pension, not enough for investment," warned a senior official of the Ministry of Labor, War Invalids and Social Affairs.

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Non-life insurance firms suffer losses while sector booms

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VietNam News English 1 month(s) ago

While the non-life insurance sector recorded strong growth in 2012, most of the businesses in the sector reported losses.

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Vietnam’s insurance market receives more “big players”

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VietnamNet English 2 month(s) ago

Vietnam’s insurance market receives more “big players”

VietNamNet Bridge – More foreign insurers have come to Vietnam in recent years. Joining forces with domestic partners in doing business is the way many of them have chosen to penetrate the local market.

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Insurers to face fines for investing in securities

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VietNam News English 2 month(s) ago

Insurance companies are likely to face fines of VND200 million (US$9,500) if they try to borrow to invest in other sectors, including securities, according to a draft Government decree.

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New insurance joint venture hits Ha Noi

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VietNam News English 2 month(s) ago

PVI Sun Life Insurance Co Ltd, a joint venture between Vietnamese insurer PVI Holdings and its Canadian partner Sun Life Financial, launched yesterday in Ha Noi after nearly two months with a licence.

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Report foresees a promising year for insurers

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VietNam News English 3 month(s) ago

Report foresees a promising year for insurers

Insurers in the Asia-Pacific region, including Viet Nam, will have growth opportunities this year as the customer base and geographic diversity will continue to expand, according to a new report from Ernst & Young.

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Insurers target higher growth with more diverse products

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VietNam News English 3 month(s) ago

Insurers target higher growth with more diverse products

The insurance industry had targeted growth of 10-12 per cent for non-life insurance and 12-14 per cent for life insurance this year, according to the Viet Nam Insurance Association.

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Insurance market posts agreeable growth

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SaigonTimes English 3 month(s) ago

HCMC – The local insurance market generated total premium revenue of nearly VND40.6 trillion last year, up an encouraging 11% compared to 2011 despite the protracted economic woes.

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Over 60 million people get insured

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Báo Dân Trí English 4 month(s) ago

The number of people taking social and healthcare insurance amounted to over 60 million in 2012, equivalent to 68% of the population, according to the Vietnam Social Security.

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Over 60 million people get insured

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Báo điện tử CP English 4 month(s) ago 2 related news

VGP – The number of people taking social and healthcare insurance amounted to over 60 million in 2012, equivalent to 68% of the population, according to the Viet Nam Social Security.

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Insuring against the unexpected

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Báo Đầu Tư English 4 month(s) ago

Insuring against the unexpected

The insurance market is knocking itself into shape. Non-life insurance segment growth in 2013 is pegged at 12-13 per cent against 11.5 per cent hike in 2012, according to Vietnamese Insurers Association.

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Insurance fraud on rise, causing losses

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VietNam News English 4 month(s) ago

Insurance fraud is on rise in Viet Nam and is becoming increasingly sophisticated, causing a huge loss to insurers and their honest clients, according to Trinh Dinh Hoan, director of the Finance Ministry's Insurance Management and Supervision Department.

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