Vietnam's insurance law Insurance Business Law 2022 has contributed a lot to promote the insurance market development in the country; however, the industry's growth is now showing signs of slowing, hence it is necessary to have a relook on the existing law.
Chubb Life Vietnam and MoMo, Vietnam's leading financial technology group have launched Critical Illness Insurance+, a fully digital critical illness insurance solution now available through the MoMo App.
Allianz Trade has appointed Ms Ly Dao as country manager for Vietnam, according to a LinkedIn post. In her new role, she will help the company pave the way for future expansion.
Vietnam has set the goal of achieving over 95% health insurance coverage by 2026 and universal coverage by 2030, with citizens to be exempted from basic hospital fees within the scope of health insurance benefits, reported the Vietnam Pictorial.
HLAP has appointed Ms Kieu An as business development director, effective 22 September 2025. In her new role, she will be responsible for developing and expanding HLAP (re)insurance business across all lines in Vietnam.
The Decree No. 188/2025/ND-CP detailing and guiding the implementation of a number of articles of the law on health insurance issued by the Government of Vietnam in July this year has received wide-spread support from the majority of people, especially from parents and students.
The life insurance market in Vietnam showed positive signals in the first half of this year, with total life insurance premium revenue estimated at over VND71.8tn ($2.74bn), representing an increase of 1.9% over the corresponding half of last year, according to preliminary data from the National Statistics Office.
Insurers have been selling new products that separate death and permanent total disability benefits from supplementary benefits in investment-linked policies, to comply with a new regulation that took full effect on 1 July 2025.
The Ministry of Finance has granted approval to Vietnam Technological and Commercial Joint Stock Bank (Techcombank), a publicly listed bank, to establish a life insurer.
Generali has unveiled the Agency Builder Club, a new initiative designed to recognise and incentivise managers who actively recruit and develop new agents.