The Vietnam insurance market is expected to continue its 2011 growth rate, with an estimated 19-21 percent year-on-year increase in 2012, according to an industry official. Trinh Thanh Hoan, head of the Ministry of Finance’s Insurance Management and Supervision Agency, said next year’s total premium turnover may rise to VND43 trillion. The year will see a variety of new insurance products... 

Prudential Vietnam Assurance today inked a bancassurance partnership deal with Citibank Vietnam. Prudential Vietnam Assurance offers four life insurance packages which will be available at Citibank branches. Those packages include Educare (Phu An Gia Thanh Tai), Enhanced Pru Save (Phu An Khang Huu Tri), Pru Smart Saver (Phu Hung Thinh) and Universal Life Product (Phu Toan Gia An Phuc). Also, the insurer... 

AIA Vietnam has begun to build a Premier Agency sales force in line with its strategy focusing on quality improvement. These agents have been trained professionally and are the best and most qualified among AIA Vietnam’s agency sales force. Premier Agents are knowledgeable and professional and will advise customers following the company’s highest standards. Building a Premier Agency is a long... 

Dai-ichi Life Vietnam on October 6 announced an VND1 billion ($48,780) sum to finance a social project in Vietnam. The project, named “For A Better Life”, will provide 24 selected schools in Vietnam’s rural areas of 10 provinces with UV water filtration. That clean water supply project is the biggest one Dai-ichi Life Vietnam has introduced this year, according to the life insurer’s CEO Takashi... 

Japan-backed insurer Dai-ichi Life Vietnam has just launched an insurance product that accompanies with high saving interest rates. The new product, named An Phuc Hung Thinh, will apply interest rates that “closely match the market benchmark”, according the firm’s announcement. The State Bank is capping the ceiling for deposit interest rates at 14 per cent, per year. The insurer in addition... 

Prudential Vietnam continues providing financial sponsorship to Vietnamese students as committed to provide education support to the country. Two master 17,000 British pound scholarships were granted to candidates from National Assembly Office and Ministry of Foreign Affairs under Chevening Scholarship Programme. The amounts were funded by Prudential Vietnam, British Ministry of Foreign Affairs and... 

AIA Group’s recently announced performance for the first six months of 2011 beat analysts’ expectations. The performance demonstrates the continued strong growth of a financial institution with more than 90 years experience in Asia, AIA’s group chief executive and president Mark Tucker tells Vietnam Investment Review. AIA Group’s business report for the first six months beat analysts’... 

The high inflation rate has forced people to tighten their belt and spend less money on insurance policies. This explains the modest business result of life insurers in the first six months of year: though the premiums from new insurance policies increased by 30 percent, and the number of new policies increased by six percent only. “It is understandable why the growth rate in the number of insurance... 

AIA (Vietnam) Life Insurance Company Ltd. has just launched a new and original product: Comprehensive Employee Benefits. This group insurance product, which is especially designed for businesses with minimum five employees, provides comprehensive benefits for employees including life, accident and health protection. Moreover, AIA Vietnam’s Comprehensive Employee Benefits is differentiated from the... 

Manulife Vietnam has reported 32 per cent second-quarter growth in annualised premium equivalent for its life insurance division compared with 2010’s second quarter. Second-quarter business growth for Manulife Vietnam was attributed to the expansion of its sales force and launch of an endowment product called My Family. The My Family product was launched in June and offers customers financial protection...