insurance

Minister of Finance: Fairness and transparency for the insurance market

14:37 | 20/03/2024 Finance

According to Minister of Finance Ho Duc Phoc, the Ministry has strengthened inspections to correct violations in the insurance sector, demonstrating fairness and transparency in the market.

Banks reduce revenue from insurance services

10:02 | 12/03/2024 Finance

In 2023, a series of negative incidents related to insurance sales resulted in a drop of revenue from cross-selling insurance of many banks.

Strengthen supervision to boost the insurance market

13:43 | 19/11/2023 Finance

VCN - Given by stricter regulations for insurance business activities, Mr. Ngo Viet Trung, Director of the Department of Insurance Management and Supervision (Ministry of Finance), said that this will help the insurance market develop sustainably.

Insurance is no longer a "goose that lays golden eggs" for banks

11:32 | 03/09/2023 Finance

VCN - According to statistics in the financial statements of the 2nd quarter and the first 6 months 2023 of 28 banks, only 8 banks detailed their revenue from insurance activities, of which 7 banks recorded negative growth, the only bank with positive gro

Insurance is no longer the "golden egg-laying goose" for banks

19:40 | 30/08/2023 Finance

VCN- Amidst the crisis of confidence in the "marriage" between banks and insurance, the cross-selling revenue from insurance at banks significantly declined in the first half of the year compared to the same period last year.

Overcoming the crisis, insurance companies must enhance their quality

09:58 | 24/07/2023 Import-Export

VCN - With the intervention of insurance regulatory authorities, many wrongdoings of insurance companies have been exposed and fully disclosed.

Effectively control the insurance business

09:51 | 03/05/2023 Finance

VCN - The insurance industry has developed for more than 400 years by establishing many multinational insurance enterprises.

Strengthening management and risk identification in insurance business

20:33 | 01/05/2023 Finance

VCN - The Insurance Supervisory Authority Department (Ministry of Finance) has just sent a document on implementing risk management to non-life insurance enterprises, reinsurance enterprises, and branches of foreign non-life insurance enterprises.

Bancassurance management needs stricter measures

09:54 | 28/04/2023 Finance

VCN – Many "controversial" cases have recently caused the insurance management to need stricter measures.

Proposing the implementation of insurance for vehicles on exit and entry and imported goods by post

18:11 | 29/12/2022 Regulations

Lang Son Provincial Post Office sent a request to General Department of Vietnam Customs to coordinate in implementing regulations on compulsory civil liability insurance (CLI) for means of transport on exit and entry

Formulate a Decree detailing the Law on Insurance Business

17:30 | 31/10/2022 Regulations

The draft Decree detailing the Law on Insurance Business will ensure the consistency, suitability and synchronization in the legal system on insurance business with other relevant legal systems

Strengthening cooperation with JFSA in insurance and securities

16:13 | 21/09/2022 Finance

VCN - On the afternoon of September 19, 2022, Deputy Minister of Finance Nguyen Duc Chi met with the Japan Financial Services Agency (JFSA) on strengthening cooperation between the Ministry of Finance of Vietnam and JFSA in the insurance and securities at

Studying, guiding implementation of new policies on microinsurance

09:52 | 26/08/2022 Finance

VCN - The Ministry of Finance should continue to study and guide the implementation of new policies on microinsurance; improve the performance of non-budget state financial funds.

Insurance business: a lucrative "piece of cake" of banks

10:00 | 18/08/2022 Import-Export

VCN - Besides the strong increase in credit in the first half of the year, the insurance distribution segment (bancassurance) is having a positive impact on banks’ business results, and is expected to continuously boost the bank's fee income growth in the

Solving the risks of bancassurance

14:45 | 05/08/2022 Finance

VCN - Bancassurance has achieved success in the world, as well as in Vietnam market. However, it also has many risks and shortcomings that should be solved in the near future. That is the information that was given at the 2022 Online Economic - Financial