News

  • INCREASING COMPENSATION FOR FIRE INSURANCE
    2017-01-17 07:25:42
    In the recent two years, several large fires took place in many places in Vietnam, can be listed as fire at factory of Pou Yuen Vietnam in Binh Tan district HCMC, fire at Hai Duong Trade Center, fire at Thanh Tri fruit market – Tien Giang, and most recently the fire at factory of Diana Company at Bac Ninh.

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    PROFESSIONAL LIABILITY INSURANCE FOR DOCTOR, LAW AVAILABLE, WHY SLOW DEPLOYMENT?
    2017-01-17 07:21:02
    (TBTCO) - Decree 102/2011/ND-CP on liability insurance in medical examination and treatment effect from 1/1/2012, but so far most of the clinics are still sitting on the sidelines, insurers themselves reluctant.

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    HULL INSURANCE, 13 CONSECUTIVE YEARS OF MORE THAN VND 1,000 BILLION LOSS
    2017-01-17 07:18:24
    Hull Insurance has been carried out since the year 2000. There are 2/3 non-life insurance companies carrying out this insurance. For the period from the year 2000 to the year 2012, total direct premium of the market is $ 174 million, total direct insurance claim is $ 222 million, total loss is $ 48 million for 13 years, equivalent to VND 1,008 billion. Loss ratio of hull insurance some years went up to 212%, not including selling expenses, management expenses.

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    INTENSE COMPETITION IN THE AUTOMOBILE INSURANCE
    2017-01-17 07:16:12
    According to AVI's report, loss ratio of motor vehicle insurance including civil liability and physical damage insurance of non-life insurance companies has gradually increased since last year. For detail, loss ratio of Quarter 1, 2012 is 42.8%, loss ratio of Quarter 2, 2012 is 49.4%, loss ratio of Quarter 3, 2012 is 52.5% and to the Quarter 2, 2013, this loss ratio is 65%.

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