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vietnam's life insurance market
Update news vietnam's life insurance market
Life insurance firms misleading clients set for big fines
Life insurance companies could be fined up to VNĐ100 million for providing "incorrect advice intentionally" under a decree proposed by the Ministry of Finance.
After scandals, life insurers see revenue, new contracts drop
After many scandals in the insurance sector were discovered, the revenue of the life insurance sector plummeted as people lost confidence in insurers.
Life insurers hit jackpot in 2022
Most insurers reported a high level of profits in 2022, with bank deposits one of the biggest sources of revenue.
SBV to inspect sale of life insurance products
Following the complaints of people about the sale of life insurance products, the State Bank of Vietnam (SBV) in Ho Chi Minh City announced to credit institutions and foreign banks will be inspected.
Vietnam an important life insurance market in Asia
Vietnam remains a key life insurance market in Asia, the Insurance Association of Vietnam told a meeting in HCM City on Monday.
