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Bao Viet Life Corporation, the First Life Insurer in Vietnam, Reaches a Quarter-Century of Success

For the last decade Bao Viet Life has been providing Vietnamese with the innovative life insurance coverage they need. In our exclusive interview Mr. Pham ....

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Expansions emerging in bancassurance services

Expansions emerging in bancassurance services
08:00 | 12/05/2021
Expansions emerging in bancassurance services, source: pgbank.com.vn
On April 28, Bao Viet Life Insurance Corporation and PGBank â the banking arm of Petrolimex â inked a comprehensive agreement to provide exclusive bancassurance services. Bao Viet Life and PGBank will gear up their activities with a major focus on providing Bao Viet insurance products through PGBankâs channels, payment, and collection services, diversifying banking products.
Nguyen Phi Hung, general director of PGBank, said that bancassurance is one of the most appealing distribution channels of insurance services nationwide.
âThe strategic cooperation between banks and insurance is an inevitable trend, thus opening up new opportunities for both sides. We are very honoured to be a trusted partner of Bao Viet Life Insurance to provide seamless, best-in-class insurance products t ....

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Insurance groups signal intent to raise funds for stock boost

Insurance groups signal intent to raise funds for stock boost
15:38 | 07/01/2021
Insurance groups signal intent to raise funds for stock boost, illustration photo
The last few days of 2020 witnessed an impressive public debut of PVI Re-insurance (PVI Re), one of the most notable of such companies in the country. Some 72.8 million of PVI Reâs shares were officially publicly traded on the Ho Chi Minh City Stock Exchange (HSX) from December 24, luring attention from local and international financiers alike.
Currently, there are only two Vietnam-based reinsurers in the market. Vietnam National Reinsurer Corporation (VNR) is the market leader with 10 per cent, followed by PVI Re with 7 per cent. The remainder is acquired by other foreign reinsurers. ....

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