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Insurance segment sits in good stead


Insurance segment sits in good stead
14:00 | 05/02/2021
Experts predict healthy figures for life and non-life insurance segments this year, photo Le Toan
Military Insurance Corporation last week officially re-listed 130 million shares on the Ho Chi Minh City Stock Exchange, switching from the Unlisted Public Company Market, with a reference price of around VND15,500 (67 US cents).
Other insurers are also going public or working with foreigners. For instance, Petrolimex Insurance JSC – a subsidiary of Petrolimex – has confirmed to raise its foreign cap from 49 per cent to 100 per cent.
Currently Vietnam boasts 31 non-life insurers, 18 life insurers, 16 brokers, and two reinsurers. Many reputable foreign insurance companies have a presence in Vietnam in both life and non-life sectors. ....

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Insurance industry continues good trends in 2021 | Business


In
2021, insurance companies can reach a larger group of potential customers
thanks to new exclusive
bancassurance contracts signed last year and the demand
for life insurance products remains good, according to the report.
Experts
also predict that if the COVID-19 pandemic is controlled and social distancing
lifted, insurers can recover their promotion activities such as meetings and
customer conferences as before.
Economic
recovery will also contribute to boosting non-life insurance. SSI expects GDP
growth to return to 6.5 percent in 2021 as economic activity recovers. As a
result, insurance in cargo, aviation and travel will be able to
achieve levels as high as they reached before the pandemic. ....

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