News Life and Health16 May 2018

Vietnam:Insurance joint venture formed

16 May 2018

South Korea's Mirae Asset Life Insurance has launched a joint venture called Mirae Asset Prevoir Life Insurance with Prevoir Vietnam Life Insurance.

Mirae Asset Life is the largest shareholder in the new entity. The Korean insurer bought a 50% stake in Prevoir Vietnam Life Insurance last year after the Vietnamese firm issued new shares worth VND1.1 trillion ($48.5 million).

Prevoir Vietnam Life Insurance is Vietnam’s 10th largest life insurer showing the fastest growth in insurance premiums over the past four years, according to Mirae Asset Life.


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