AIR+25 Mar 2024

Vietnam:Supervision of insurers increasing, but still no clear framework for InsurTechs

| 25 Mar 2024

In early 2023, the prime minister of Vietnam's Decision 07/QD-TTg was issued, approving the strategy to develop the insurance market in the country until 2030. The application of technology in the insurance industry was covered in the document, with the prime minister requesting the formation of a regulatory sandbox in order to encourage companies to develop new digital products and services.

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