Viet Nam News HÀ NỘI — Việt Nam’s insurance industry maintained positive growth in the first quarter of this year, with total premiums surging by 17 per cent year-on-year, according to reports from the General Statistics Office. Life insurance surged by 23 per cent, while non-life insurance increased by 9 per cent. According to the Ministry of Finance’s Insurance Supervisory Authority (ISA), the insurance industry is targeting a growth rate of 20 per cent this year. Experts remain upbeat about the industry’s health in the coming years, forecasting that it will maintain an annual growth rate of 10-20 per cent. Many banks that co-operate with insurers to provide bancassurance products even expect an annual growth rate of up to 30-40 per cent. The fast-growing domestic insurance market should thrive thanks to rising living standards and a high gross domestic product (GDP) growth of more than 6 per cent annually over the next three years, … [Read more...] about Insurance industry growth surges 17% in Q1
20 year life insurance rates
Viet Nam News HÀ NỘI — Banks and insurance companies are ramping up co-operation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business. After successful partnerships with VPBank, CitiBank, ACB and SeABank, insurer AIA Vietnam this year continued to cooperate with Kiên Long Commercial Joint Stock Bank (Kienlongbank) to strengthen bancassurance exploitation. Under a strategic cooperation agreement signed recently, Kienlongbank and AIA will jointly offer comprehensive financial solutions on saving, protection, investment and healthcare through 134 branches and transaction offices of Kienlongbank across the country, especially in the southern provinces. Ng Keng Hooi, President and CEO of AIA Group, told the media that along with the distribution channel through agents, the bancassurance channel will be part of AIA’s strategy in 2019. VPBank has also … [Read more...] about Banks, insurers boost bancassurance to get returns
Roy Gori took a business trip to Vietnam on the occasion of the 45th anniversary of diplomatic relations between Vietnam and Canada. He had a meeting with the country’s State Vice President Dang Thi Ngoc Thinh in November 2018, discussing Manulife’s commitment to long-term investment and sustainable operations as well as its contribution to the Vietnamese economy. How did Manulife perform in 2018 and what were the key priorities and achievements? We’re excited about the progress we’ve made in 2018, both in terms of our performance and our transformation into the most digital, customer-centric global company in our industry. We’re focused on innovation, digitisation and driving operational efficiencies to ensure we remain competitive and to make it easier for customers to do business with us. Our focus has and will continue to be on execution of our five priorities: portfolio optimization, expense efficiency, accelerating growth, becoming a digital … [Read more...] about Digitalisation drives transformation in Vietnam’s insurance sector
0 of 30 Elise Amendola/Associated Press The NBA trade market closes at 3 p.m. ET Feb. 7. That might sound like it's still a ways off, but most clubs should have a good feel for their approach already. To be certain, those approaches can change in an instant. The trade pool is as fluid as its name suggests, and clubs must be prepared to operate under those conditions. Plus, teams might find themselves in situations in which buying, selling or standing pat could all make sense under different circumstances. In other words, these suggestions aren't necessarily absolute. And they certainly aren't set in stone. But with roughly a half-season of data at our disposal, we can help determine which clubs should be looking to add, subtract or maintain the status quo. 1 of 30 The Hawks have mastered at least one aspect of their rebuild: Their three most important players are also their youngest. The future runs through 20-year-olds Trae Young and Kevin Huerter and 21-year-old John … [Read more...] about Buy, Sell, Hold: What Should Your NBA Team Do at This Year’s Trade Deadline?
Eight Minnesota Democrats had already announced they intended to run for the U.S. Senate in 2000 on the day Mark Dayton walked through the state Capitol press room and casually told reporters he was joining the race. There was no fanfare. No campaign banners. No fiery speech with cheering supporters as a backdrop. Dayton simply made his way around the cramped basement offices of about a dozen media outlets to tell individual reporters that he was running because he thought he would be the most qualified candidate to serve Minnesotans in Washington, D.C. Why was he getting into the race so late? In the previous few months, he said, he was preoccupied with trying to save his second marriage, but “that didn’t work out, and that also opened the possibility of undertaking this campaign.” It sounded almost like he had nothing better to do. But he mounted an aggressive campaign, cleared the DFL field and unseated Republican Sen. Rod Grams in November. While Dayton, 71, has … [Read more...] about Mark Dayton on his 40 years of public service: ‘I was part of making things happen’