The newly-issued Law on Insurance Business is expected to positively impact the insurance market's long-term development.

Insurance companies performed well in Vietnam during the COVID-19 pandemic, but their shares have not attracted much attention from investors.

Insurance companies in Vietnam are lifting the curtains on their public fundraising plans, seen as a step towards luring more cash in the promising insurance and reinsurance market.

Technology is set to change the face of the insurance industry, analysts said.

Vietnam’s insurance market registered robust growth last year with the life insurance segment gaining the strongest growth in 10 years, insurers and management agencies said.

 VietNamNet Bridge – 2014 is being seen as a successful year for the insurance sector though the domestic economy continued to face many difficulties.

 VietNamNet Bridge – BIDV Insurance Corporation (BIC) admitted at its annual general meeting that the company had fallen to seventh position in the non-life insurance market based on market share, with premiums of VND790.55 billion ($37.6 million).

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 VietNamNet Bridge – Insurers have continuously cut the motor vehicle insurance premiums down to scramble for clients--which has resulted in the very low profits from the business.