The Korean life insurance company Korea Life Vietnam on Thursday held a press briefing in HCMC to announce its brand name being officially changed into Hanwha Life Vietnam. The change was announced after its parent company Korea Life Insurance had earlier been renamed Hanwha Life Insurance. Even though the new name does not result in any changes in the business strategy as well as the operation... 

Dai-ichi Life Insurance Company of Vietnam (DLVN) and Toyota Tsusho Insurance Broker Vietnam Corporation (TTIBV) clinched a cooperation deal in life insurance brokerage over the weekend. TTIBV under the agreement will introduce products of DLVN while giving consultancy service to its customers. TTIBV will also serve as a broker in offering insurance products to clients, mostly Japanese-invested firms. The... 

Sumitomo Life Insurance will buy HSBC Holdings Plc’s (HSBA) 18 percent stake in Vietnam’s biggest insurer Bao Viet Holdings (BVH) for 7.1 trillion dong ($340 million) in cash. The sale is expected to complete in the first quarter of 2013, according to an e-mailed press release from HSBC today, ending the pair’s five-year partnership. Sumitomo Life’s acquisition comes amid mounting interest... 

Citibank Vietnam and ACE Life Insurance Co., Ltd. (ACE Life Vietnam) last week announced their cooperation in launching Citibank ACE Life Platinum MasterCard Credit Card. According to Vu Tuyet Van from Citibank, clients wanting to use the card need to have a monthly income of at least VND15 million. The card fee is VND1 million per year with a maximum credit limit of up to VND300 million per... 

Chartis Vietnam Insurance Company Limited has just announced its rebranding to AIG Vietnam Insurance Company Limited. This aligns with global move. Previously, on November 11, 2012, American International Group, Inc officially announced that AIG was again the go-to-market brand of its global property casualty business in most locations, and that the company’s life and retirement segment was now... 

As up to 94% of Vietnamese residents have yet to purchase life insurance, there are still many chances for companies in the industry to tap the local market, Mark Tucker, general director and chairman of AIA Group, told the Daily on Wednesday on the occasion of his business trip to Vietnam. Mark came to Vietnam at a time when local enterprises including insurance firms are mired in difficulties. According... 

Dai-ichi Life Insurance Company of Vietnam Ltd. (Dai-ichi Life Vietnam) on Sunday opened its headquarters at 149-151 Nguyen Van Troi Street in HCMC’s Phu Nhuan District. Dai-ichi Life Vietnam hires the 12-floor building with total space area of over 6,500 square meters to provide working areas to more than 500 financial consultants and staff members. The company obtained total new premiums... 

Saigon Thuong Tin Commercial Bank, or Sacombank, and life insurer Manulife Vietnam on Monday signed a cooperation agreement to diversify products and better customer services of the both sides. The agreement offers customers of Manulife Vietnam more insurance premium payment methods. Clients can settle fees at 410 transaction points of Sacombank by providing contract numbers or authorize the bank... 

The world’s leading life insurer Generali puts its success in Vietnam down to striving for innovation in providing the best products and services for clients. Generali got the ball rolling in Vietnam by first opening its representative office in July, 2009, with an operating licence following in April, 2011. The Italian firm almost immediately reaped positive results after starting its Group Insurance... 

Prudential Vietnam has announced the distribution of a new special reversionary bonus totaling VND468 billion to long-time customers with participating policies. This bonus will be added to the accumulated reversionary bonus and paid out upon maturity or occurrence of the insured events of eligible policies. Participating policies issued before 2006 which remain in-force after March 31, 2013...