Vietnam insurance sector posts 24% increase in premium income
Insurance Supervisory Authority | January 19, 2019
Vietnam’s insurance industry has recorded VND133.65 trillion (US$5.76 billion) in premium revenue in 2018, up 24% from the previous year, according to the Ministry of Finance’s Insurance Supervisory Authority. General insurance companies contributed VND45.7 trillion (US$1.96 billion), while life insurers brought in VND87.96 trillion (US$3.78 billion), state-owned Vietnam News Agency reported. The insurance industry also poured in VND319 trillion into the economy, almost 30% higher than 2017.