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Monday, December 23, 2024

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bancassurance

Penalties proposed against loan-insurance bundling by banks

HCMC – Vietnam’s central bank has drafted a decree proposing fines of up to VND500 million for banks that bundle loans with non-compulsory insurance...

Legal confusion over bancassurance

Several commercial banks had suspended their bancassurance services as of July 1, 2024, when the 2024 Law on Credit Institutions took effect. This is...

Solutions for life Insurance market

The State Bank of Vietnam (SBV) is drafting a ministerial circular which may greatly impact the life insurance market. The draft circular specifies that...

Insurance industry mired in difficulties

Apart from industry-specific difficulties, the trend of interest rates going down will also make inroads into insurers’ profitability. Bancassurance grinds to a halt The insurance industry...

Finance Ministry to inspect 10 more insurance companies

HCMC - The Ministry of Finance will conduct inspections of bancassurance activities at 10 more insurance companies until the end of the year, according...

Bancassurance irregularities still rampant: ministry

HCMC - The Ministry of Finance has found numerous irregularities in consulting services during a recent inspection of insurance companies involved in bancassurance. The inspection...

Bancassurance and regrettable prejudices

In advanced economies, life insurance is increasingly popular to most people, and bancassurance arrangements account for more than two-thirds of all insurance policies. Such...

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