General Insurance Companies In Vietnam

Insurance is considered an effective solution for the business development of enterprises and safety of society. Compared with double digit real growth rates in most of the past 20 years the pace slowed drastically in 2011 and 2012 to 1 6 and 1 2 respectively according to swiss re s sigma no. Those who wish to have good health insurance in vietnam have a wide variety to choose from.

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Thinh gia bao co vietnam info web phone thành phố hồ chí minh p o box no 985 saigon central post office hochiminh city viet nam agriculture agriculture projects general industrial equipment processing services employees insurance other insurance.

General insurance companies in vietnam. 21 sun wah tower 115 nguyen hue street district 1 hcmc viet nam tel. Insurance companies offer packages to protect individuals couples retirees and even families. Depending on individual preferences it is important to choose the right insurance policy plan. The non life insurance market is still largely dominated by domestic insurers.

Number of insurance companies according to association of vietnam insurers avi recently there are 61 insurers in vietnam s insurance market therein 29 non life insurance companies 17 life insurance companies 2 reinsurance companies 1 foreign life insurance branch and 12 insurance brokers. Health insurance options in vietnam. Chubb life insurance vietnam company limited. In other word buying insurance is buying security.

Therefore vietnam s insurance industry witnessed numerous companies kick off their business. Phillip general insurance cambodia plc. Establishment license number 33gp kdbh issued by ministry of finance on 04 may 2005 fl. No 5 street 13 sangakat wat phnom.

Newa insurance cambodia plc. Presently iac has 31 member companies consisting of 15 licensed general insurers. There are about 11 foreign invested non life insurers out of a total of 29. Operating in vietnam among these 29 non life insurance companies 17 life insurance companies 12 insurance brokers 2 re insurance companies and one branch of a foreign non life insurer.

A less dynamic economy coupled with spikes in inflation have taken their toll on vietnam s non life insurance industry. Insurance is a method of transferring a risk from one person to another in exchange for payment.