MSIG Asia has appointed Mr Ronak Shah as Regional CEO, effective 1 October 2026. In addition to leading the insurer's operations across Southeast Asia, Hong Kong, India and Oceania, Mr Shah will assume regional leadership responsibility for Mainland China, Taiwan and Korea.
Willis, a WTW business, has announced the appointment of Mr Oliver Pryce as Head of Corporate Risk and Broking Southeast Asia; and the promotion of Mr Rupert Roberts to the role of Chief Commercial Officer, Asia. Both appointments are effective 4 January 2027.
DBV Insurance Group Joint Stock Company has been fined VND200m ($7,700) by Vietnam's National Competition Commission for engaging in unfair competition practices.
Sun Life has promoted Mr Chris Wei to the role of President, SLC Management, of Asia Wealth and Capital Markets.
AI12, a specialist (re)insurance broker, has appointed Mr Alfie Langley as Head of Cyber.
Vietnam's insurance industry continued to show signs of steady recovery in the first half of 2026.
Vietnam's Ministry of Health is drafting a new circular to establish principles for developing a list of medical technical services and provide updated guidance on reimbursement of medical technical service fees under the national health insurance scheme.
The government has issued a new regulation stipulating that the minimum insurance coverage for a construction project during the construction period must not be less than the total value of the construction contract, including any adjustments or additions, the costs of materials, labour, equipment and transportation, as well as taxes and fees.
Vietnam's life insurance market has been through significant upheaval over the last four years. Following a period of rapid expansion, there has been a sharp correction triggered by the bancassurance mis-selling crisis in late 2022, according to a new report by Milliman.
The financial behaviour of Vietnamese people remains heavily focused on "defence", with the majority viewing insurance as an additional layer of protection, instead of a proactive tool to manage risk from the outset.