Vietnam’s insurance penetration hits 81.7%
January 5 2017 by InsuranceAsia News-
Vietnam’s Techcombank set to launch non-life carrier
- October 16
Hanoi-headquartered Techcom Non-Life Insurance received approval from the Ministry of Finance and is expected to start operations early November.
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Typhoon Yagi to drive reinsurance premium, deductible increases in Vietnam and beyond
- September 23
Premiums increases that will allow the carriers to cover costs and mitigate future risks are likely to be particularly evident in high-risk areas, such as coastal provinces in the north.
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Typhoon Yagi inflicts US$1.6bn in damages to Vietnam, to impact GDP growth
- September 16
The super storm impacted 26 Vietnamese localities that collectively represent 41% of the country’s GDP and 40% of its population.
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Super typhoon Yagi hit Vietnamese insurers with US$285m in claims payout
- September 13
PVI Insurance, the largest non-life carrier, called it "a historically undesirable loss for Vietnam’s insurance industry" and for the company. The 9,000 claims filed are expected to keep rising, Ministry of Finance said.
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HSBC Asset Management | The hunt for diversification and performance revitalizes appetite for Asian currency bonds
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
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PineBridge Investments | Why Asian insurers are exploring private credit and CLOs
The recent rollout of risk-based capital regimes across Asia calls for a closer alignment between insurers’ assets and liabilities. We explore potential ways to maintain a healthy investment yield and robust returns on regulatory capital.
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Peak Re | Emerging Asia middle class: A catalyst for change
Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
