Vietnamese non-life insurers need to focus on profit as margins shrink

Non-life insurance companies that operate in Vietnam are still struggling to make decent profits because of high competition and falling interest rates, despite strong-to-moderate growth, solid balance sheet strength and improving profitability, according to credit ratings agency AM Best. In 2017, total direct premium underwritten by Vietnamese non-life insurers reached VND41trn (roughly $1.8bn), according to the credit ratings agency. The…

Please register or login to view the full post