Overview of Vietnam’s insurance market

In 2019, Vietnam has 65 Insurance companies including 31 non-life insurers, 18 life insurers, 2 re-insurance companies and 14 insurance brokerage companies. Total insurance revenue estimated more than 160,000 billion VND, contributes 2,9% GDP. Life Insurance There are 18 life insurance companies in Vietnam (1 local Insurance company and 17 from oversea) Life Insurance business increased rapidly and achieved 115,982 billion Vietnam Dong. In which,…

Centech Interactive officially launches theirs first Insurtech project – Insbank

According to the Vietnam Business Survey, in 2019, Vietnam has 65 insurance companies including 31 non-life insurance companies, 18 life insurance companies, 2 reinsurance companies and 14 insurance brokerage companies. Total insurance revenue is estimated at over VND 160,000 billion, contributing 2.9% of GDP. It can be seen that the market potential of this industry is extremely large, besides, the operating costs of enterprises in…