29
September
Insurance – Sector brief – July updates: Worries about increasing paid loss
On Sep 28th, The Insurance Association of Viet Nam (IAV) announced 7M22 market figures. Total insurance premium in 7M22 was VND136,960bn (+15.5% yoy). In which, life insurance premiums increased by 15.8% to VND98,171bn; non-life insurance premiums also surged by 14.9% to VND38,789bn. Loss ratio for both life insurance and non-life insurance were up, especially for life insurance.