Vietnam insurance market News

Aviva to Retain China, Singapore Businesses After Conducting Asian Review

Aviva Plc, the U.K. insurer that’s overhauling some businesses as part of its chief executive officer’s turnaround plan, is to retain its Chinese joint venture as well as assets in its biggest market, Singapore. The firm will continue to explore …

Allianz, MS&AD, Other Suitors in Race to Buy Aviva’s Asia Units for Up to $2.5B: Sources

German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal likely to be worth up to $2.5 billion, sources said. Canada’s Sun Life Financial and …

Thailand Intensifies Efforts to Stop ‘Pig Ebola’ from Crossing Border

Thailand, one of Asia’s top pork producers, is intensifying efforts to hold off a lethal pig virus that’s causing havoc as it spreads across the region. African swine fever — a disease that kills nearly all the pigs it infects …

Vietnam Culls More Than 1 Million Pigs as African Swine Fever Spreads Rapidly

Vietnam has culled more than 1.2 million farmed pigs infected with African swine fever, the government said on Monday, as the virus continues to spread rapidly in the Southeast Asian country. Pork accounts for three-quarters of total meat consumption in …

Allianz to Enter Vietnam Insurance Market via Joint Venture with IT Firm FPT Group

Allianz announces its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group – driving long-term success in the market and expanding Allianz’s footprint in Asia. FPT …

UK’s Aviva Buys Remaining 50% Share in Vietnam Joint Venture

Aviva plc has acquired VietinBank’s entire 50 percent shareholding in its life insurance joint venture VietinBank Aviva Life Insurance Ltd. Aviva also has signed a new distribution agreement with VietinBank to sell life and health insurance products through VietinBank’s network …

Sun Life Forms Venture with PVI to Sell in Vietnam

Sun Life Financial Inc. said Thursday it would form a joint venture with Vietnam’s PVI Holdings that will allow Sun Life to sell insurance products in the South Asian country. Sun Life, Canada’s No. 3 life insurer, said it will …

Vietnam Insurance Market Readies for Foreign Insurers, New Regulations

The Vietnamese insurance industry is expected to experience significant change within the coming years as it continues to open up to foreign insurers, and the country’s regulatory framework evolves. Vietnam’s insurance market has experienced a rapid pace of growth in …