In 2023, a series of negative incidents related to insurance sales resulted in a drop of revenue from cross-selling insurance of many banks. However, the opportunity for...
The regulation under the amended Law on Credit Institutions was recently passed by the National Assembly and will take effect from July this year.
Many people believe that once the Ministry of Finance formally prohibited banks from selling bancassurance 60 days before and after loan distribution, this practice...
Amidst the crisis of confidence in the "marriage" between banks and insurance, the cross-selling revenue from insurance at banks significantly declined in the first half...
Many banks missold life assurance policies, with some customers having their savings deducted to purchase agreements without their knowledge, a MoF investigation has...
It is critical to improve the quality of insurance agents and consultants to consolidate trust of insurance buyers and bring the life insurance market back on track,...
When the general public at large begins to distrust the policies of life insurance, then it is the banks that life insurance companies turn to so as to regain their...
The "hug" of reconciliation between the customer as an actress and the leader of an insurance company ended the controversy related to this customer's insurance policy....
Many "controversial" cases have recently caused the insurance management to need stricter measures.
A senior Vietnam Insurance Association official proposed implementing controls on the retention rate of second-year insurance policies (K2). He regards this as a...
This week, the State Bank of Vietnam (SBV) said it would crack down on the activity, noting that credit institutions will have to take full responsibility before the law...
Besides the strong increase in credit in the first half of the year, the insurance distribution segment (bancassurance) is having a positive impact on banks’ business...
Bancassurance has achieved success in the world, as well as in Vietnam market. However, it also has many risks and shortcomings that should be solved in the near future....
Bank-insurance cooperation (bancassurance) has always been considered one of the main drivers of banks' profits. However, improper compliance has been adversely...
The insurance businesses is no longer as easy as before when customers’ income was reduced due to the impact of the Covid-19 pandemic. Profits will also decline as...
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