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Sunday, October 1, 2023
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insurance

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 has lately faced mounting challenges. Insurance companies in Vietnam currently follow a two-pillar business model, with their revenue mainly coming from the insurance business itself and from financial investment. Their insurance business this year has to some extent subdued due to bancassurance hitting the rock bottom and the people tightening their belt, forcing insurers to make a marked shift to financial investment, expecting to […]
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Risk insurance proposed for homebuyers

HCMC – The HCMC Real Estate Association (HoREA) has proposed issuing regulations on risk insurance for homebuyers to ensure customers benefit. The association said in...

Legal framework for labor relations in a pandemic

As Covid-19 erupts, how the tripartite relation involving employers, employees and the Government can strike a balance between stakeholders’ benefits and legal compliance is...

Lukewarm catastrophe insurance segment

Each year, natural disasters cost Vietnam approximately 0.3-0.5% of her gross domestic product, which adversely affects socio-economic situation as well as national security. Yet...

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