11,600 billion VND in insurance compensation for damage from storm No. 3

By early October, it is projected that people and businesses affected by Typhoon No. 3 will receive approximately 11,600 billion VND in insurance compensation, with technical property insurance accounting for the largest amount, with over 5,700 claims and estimated losses of 11,205 billion VND.

Insurance Management and Supervision Department Ministry of Finance According to statistics up to October 7th, the total amount is expected to be... insurance company Compensation for people and businesses affected by Typhoon No. 3 and subsequent flooding amounted to approximately 11,627 billion VND.

This compensation amount was compiled from data from 31 businesses. insurance non-life insurance and 19 life insurance companies. Among them, the company... life insurance The insurance company recorded 73 cases of death and injury, with an estimated total payout of 19.8 billion VND. To date, the insurance company has advanced 14.4 billion VND.

For insurance Regarding non-life insurance, businesses have received approximately 13,847 claims for damages (property insurance, motor vehicle insurance, and health insurance), with total losses exceeding 11,607 billion VND. To date, non-life insurance companies have advanced the total amount of money. compensation 108.3 billion VND.

Numerous cars were damaged due to the impact of Typhoon No. 3 and subsequent flooding. Photo: BSH.

"In the non-life insurance sector, there were 41 health insurance claims, equivalent to 2.9 billion VND in insured funds; over 5,700 technical property insurance claims, with losses of 11,205 billion VND; over 7,500 motor vehicle insurance claims, with losses of 209 billion VND; and 552 claims for hull insurance, estimated at 189 billion VND," the Insurance Supervision and Management Department stated.

Previously, when typhoon number 3 occurred, Insurance Management and Supervision Department The Vietnam Insurance Association and insurance companies are requested to report on the extent of damage and compensation; insurance companies are urged to proactively coordinate with relevant agencies, organizations, and individuals to determine the damage to people and property of organizations and individuals participating in insurance.

Some insurance companies have a certain amount of money. insurance payout Large-scale claims include: PVI Insurance, which paid out the largest amount, exceeding 3,000 billion VND; Military Insurance (MIC) recorded approximately 900 loss claims covering property, motor vehicle, and marine insurance, with an estimated total compensation of 230 billion VND...

In the first nine months of this year, the total is estimated to... insurance premium revenue Revenue reached VND 165,518 billion, a decrease of 0.41% compared to the same period last year. Meanwhile, insurance benefit payments are estimated at VND 64,070 billion, an increase of 16.07% compared to the same period last year.

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