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... 

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... 

Dai-ichi Life Insurance Company of Vietnam Ltd. (Dai-ichi Life Vietnam) announced last week that its new business premiums in the first half of the year exceeded VND250 billion (about US$20 million), up 24% from the year-earlier period. The Japanese-invested life insurance firm said in a statement that it saw the increase in new business premiums double the industry’s average growth rate in the... 

In the face of economic crisis, the life insurance sector still reaped benefits from foreign insurer contributions last year and is expected to continue its development in 2012. Lam Hai Tuan, director general of ACE Life Vietnam, said that while the financial market would face many new impediments this year, correct exploitation and management could still see insurers grow. The Vietnamese life insurance... 

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... 

Foreign companies have long dominated the local life insurance market, and the trend shows no signs of reversing, according to data from the Association of Vietnamese Insurers (AVI). AVI’s data suggests that total life insurance premiums in 2010 reached VND13.2 trillion ($663 million). This represented a 15 per cent year-on-year increase. Phung Dac Loc, AVI general secretary, said that continuous... 

Taiwan’s second-largest financial group Fubon Financial has officially jumped into Vietnam’s life insurance market. Fubon Life Insurance (Vietnam) Co. Ltd, wholly owned by Taiwan’s Fubon Life Insurance (Taiwan), was given the green light by Vietnam’s Ministry of Finance on December 23. The new company will be based in Hanoi with a branch in Ho Chi Minh City. It is scheduled to start operating... 

HCMC – Dai-ichi Life Insurance Company of Vietnam Ltd. (Dai-ichi Life Vietnam) said on Wednesday it had clinched a long-term deal with the Vietnam Import Export Bank (Eximbank) to together provide life insurance products, co-branded prepaid cards and other related financial services. Under the agreement, Dai-ichi Life Vietnam and Eximbank will jointly develop bancassurance products for distribution... 

The domestic life insurance market has been sparked into life by a story that received wide media coverage about a businesswoman who paid an annual premium of VND1.2 billion (US$61,000). The policy was reported to cover her for VND39 billion ($2 million). The story is clear evidence that the Vietnamese attitude towards life insurance is changing. Instead of purchasing life insurance to support friends...