VnExpress International
The most read Vietnamese newspaper
Vietnamese Edition
| Contact us | Follow us on       
Tag

bancassurance

Sort by: Newest   | Oldest
Bancassurance sales plummet following allegations of scams

Bancassurance sales plummet following allegations of scams

Many banks with strong bancassurance portfolios saw their commissions decline by at least 50% in the first half of this year following allegations of scams by customers.
Banks, insurers marry in haste, repenting at leisure

Banks, insurers marry in haste, repenting at leisure

Bancassurance may have helped banks and insurers increase their incomes, but it has turned out that many customers were arm-twisted or misled into buying insurance.
August 15, 2023 | 03:06 pm PT
One-third customers cancel bancassurance contracts after first year

One-third customers cancel bancassurance contracts after first year

Between 32% and 73% of bancassurance customers terminate their contract after the first year, the Ministry of Finance has found after reviewing data from four insurers.
July 4, 2023 | 12:02 am PT
Finance ministry finds 4 insurers flouted bancassurance regulations

Finance ministry finds 4 insurers flouted bancassurance regulations

Prudential, MB Ageas Life, Sun Life, and BIDV Metlife are guilty of misleading customers, who do not understand what they are buying, Ministry of Finance investigators have said.
July 1, 2023 | 12:37 am PT
Bancassurance revenue plunges by half

Bancassurance revenue plunges by half

Banks saw revenues from insurance dropping by half year-on-year in the first quarter after years of high growth.
June 4, 2023 | 04:00 am PT
$1B insurance contracts signed through banks in 2022

$1B insurance contracts signed through banks in 2022

Nearly one million life insurance policies worth almost VND23.8 trillion (US$1.01 billion) were sold through banks last year.
April 25, 2023 | 12:23 am PT
‘I just did it for money’: bank employees expose seamy side of selling insurance

‘I just did it for money’: bank employees expose seamy side of selling insurance

Bancassurance has been hugely profitable in recent years, but former bank employees are now admitting they resorted to dishonest means to sell insurance.
April 17, 2023 | 03:02 pm PT
SBV considers debt extension for corporations

SBV considers debt extension for corporations

The State Bank of Vietnam (SBV) wants to restart a program to give businesses debt extensions amid economic challenges.
March 31, 2023 | 02:27 am PT
How insurance policies become banks' golden egg

How insurance policies become banks' golden egg

Selling insurance products fetch banks trillions of Vietnamese dong (VND1 trillion = $42 million) in revenues each year, but with this comes dissatisfaction from customers who say they are "forced" to pay premiums to acquire loans.
February 23, 2023 | 08:51 pm PT
Banks’ profits surge in Q1

Banks’ profits surge in Q1

Most banks grew their profits in double digits in the first quarter but asset quality worsened.
May 9, 2022 | 09:30 pm PT
Sun Life Vietnam reveals strategy to increase insurance market share

Sun Life Vietnam reveals strategy to increase insurance market share

Sun Life Vietnam has cooperated with banks via a bancassurance partnership to offer more solutions to customers and improve client experience.
February 28, 2021 | 05:40 pm PT
Lender MSB expects to earn hundreds of millions from insurance deal

Lender MSB expects to earn hundreds of millions from insurance deal

Vietnam Maritime Commercial Joint Stock Bank is set to sign an exclusive bancassurance deal with a leading but unidentified insurer worth hundreds of millions of dollars to it.
December 16, 2020 | 09:42 pm PT
Manulife to become VietinBank’s exclusive insurance partner with Aviva purchase

Manulife to become VietinBank’s exclusive insurance partner with Aviva purchase

Canadian insurer Manulife will acquire the Vietnamese business of British company Aviva and its 16-year bancassurance deal with VietinBank.
December 14, 2020 | 08:42 pm PT
Insurance firms step up recruitment to push bancassurance sales

Insurance firms step up recruitment to push bancassurance sales

Insurance companies are hiring more staff to boost sales to bank customers as lenders seek to increase revenue from non-traditional banking services.
September 3, 2020 | 06:00 am PT
View more stories
 
go to top