Reinsurance News
Vietnam
Willis and Global Parametrics confirm payouts under parametric policy for Vietnam coffee farmers
21st May 2026
Willis, a WTW business, and Global Parametrics, a parametric risk transfer provider part of CelsiusPro, have revealed that payouts of an "innovative" parametric policy have been distributed to coffee farmers in the Central Highlands of Vietnam who suffered losses due to high rainfall during the 2025/26 coffee growing season. Willis explained ... Read the full article
RGA and Techcom Life partner to expand Vietnam’s life insurance market
31st March 2026
Techcom Life Insurance Joint Stock, a newly established life insurance company founded by Techcombank, and Reinsurance Group of America, Incorporated (RGA), a global life and health reinsurer, have entered into a strategic partnership to expand access and support the development of Vietnam’s life insurance market. This collaboration marks a first-of-its-kind partnership ... Read the full article
Reinsurers likely to absorb majority of Typhoon Yagi losses in Vietnam: AM Best
13th September 2024
According to AM Best, domestic and international reinsurers will bear the bulk of losses caused by Typhoon Yagi on Vietnam insurance companies, which can further result in reinsurers’ appetite for regional catastrophe risks being tested at the upcoming reinsurance renewals. Typhoon Yagi, which has been called Asia’s most powerful storm this ... Read the full article
VINARE reports 8.2% y-o-y revenue increase in H1’24
12th August 2024
Vietnam National Reinsurance Corporation (VINARE) has announced its financial results for the first half of 2024, reporting a total revenue of VND1,696 billion, around $68 million dollars, an 8.2% increase year-on-year and attaining 58.1% of the yearly target. The firm’s gross written premium amounted to VND1,607 billion, around $64 million, reflecting ... Read the full article
AM Best maintains stable outlook on Vietnam’s non-life insurance segment
1st December 2023
Global credit ratings agency AM Best has confirmed that it is maintaining a stable outlook on Vietnam’s non-life insurance segment. The agency cities premium growth and regulatory enhancements that strengthen risk management and corporate governance, as the key factors contributing towards the outlook. A recent report from Best also showcases the government’s ... Read the full article
Ministry of Finance aims to develop Vietnam’s insurance market
5th January 2023
Vietnam’s Ministry of Finance (MoF) is planning to develop the country’s insurance market by implementing a number of solutions to achieve the goal of a safe and sustainable market this year. These solutions also aim to meet the diverse insurance needs of organisations and individuals, as well as ensuring social security. The ... Read the full article
Charles Taylor Adjusting opens new Vietnam office
21st November 2022
Charles Taylor Adjusting (CTA), an international loss adjusting business, has expanded its Natural Resources capability in Asia with the opening of a new office in Ho Chi Minh City, Vietnam. According to the announcement, this “strategic expansion” will allow CTA to offer technical loss adjusting services across mining, power and energy ... Read the full article
CTA expands Natural Resources capability in Asia
10th November 2022
International loss adjusting business, Charles Taylor Adjusting (CTA) has announced the opening of a new office in Vietnam, expanding its Natural Resources capability in Asia. According to the announcement, this “strategic expansion” will allow CTA to offer technical loss adjusting services across mining, power and energy business sectors, with a focus ... Read the full article
Vietnam’s general insurance growth down in 2020: GlobalData
19th November 2020
Data and analytics company GlobalData has written a report forecasting Vietnamese general insurance industry growth to have slowed to 3.4% in 2020, compared to 13.6% in 2019. Due to the slowdown in economic activities amid COVID-19, the country's general insurance business is expected to grow at a compound annual growth rate ... Read the full article
Typhoon Damrey drives $1 billion loss in Vietnam
14th December 2017
Vietnam has suffered a $1 billion loss after Typhoon Damrey made landfall on the 4th of November, 2017, killing at least 108 people and damaging over 300,000 properties, according to insurance and reinsurance broker, Aon. Typhoon Damrey made landfall on the 4th of November in the country’s south-central coastal region as a ... Read the full article
Insurance premiums in Vietnam grow 20% annually
28th November 2017
At US$3.7 billion, Vietnam's total insurance premiums have grown 20% year-on-year, according to the Finance Ministry's Insurance Supervisory Administration. Life insurance premiums reached 51,180 billion Vietnamese dong, up 32% from 2016, while non-life insurance premiums stood at 33,006 billion Vietnamese dong, rising by nearly 9%. This year, total life insurance premiums are ... Read the full article
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