The number of new contracts within the Vietnamese life insurance industry saw a 4.3% y-o-y growth in the first quarter of the year, according to the Insurance Association of Vietnam's vice secretary general Ngo Trung Dung.
Vietnam National Reinsurance Corporation (VINARE) has posted a strong operating performance, supported by its five-year average return-on-equity ratio of 10.6% (2020-2024), notes AM Best.
According to Prudential, in 1Q2025, new business profit on a traditional embedded value went up 12% to $608m, annual premium equivalent (APE) sales went up 4% to $1.7bn and new the new business margin increased by two percentage points.
According to the revised law on health insurance, from 1 July 2025, patients will be paid 100% of the benefits when having an initial health check-up nationwide, regardless of administrative boundaries by province.
Sun Life, in partnership with global sport for social change foundation Beyond Sport, has announced the extension of its "Hoops + Health" philanthropy programme for the second year, with the goal of helping 45,000 young people get active by the end of 2025 by providing safe spaces, coaching programmes and equipment in underprivileged communities.
Vietnam's life insurance market is expected to shrink by 1.3% in 2025, with gross written premiums (GWP) dropping to $6.0bn from $6.1bn in 2024, according to GlobalData.
Vietnam's insurance industry is witnessing a surge in strategic capital expansion, boosting investor confidence and reigniting interest in insurance stocks.
The State Bank of Vietnam (SBV) has amended the law on deposit insurance to grant Deposit Insurance of Vietnam (DIV) more power.
Chubb has announced agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam.
Women in Singapore have made significant strides towards financial empowerment even as barriers remain, according to a new survey by Sun Life Asia.