Conference Scene
According to the Vietnam Insurance Association, by the end of June 2025, the total insurance premium revenue of the whole market is estimated at VND 115,547 billion, an increase of 5.5% over the same period in 2024. Insurance benefit payments are estimated at VND 41,645 billion, an increase of 7.8% over the same period last year. Total investment capital returned to the economy is VND 901.6 trillion, an increase of 10.83% over the same period last year. Of which, revenue from the non-life insurance market is estimated at VND 43,453 billion, an increase of 11.3%, original insurance compensation is estimated at VND 12,731 billion, compensation rate is 29.3% (excluding compensation reserves); revenue from the life insurance sector is estimated at VND 72,094 billion, an increase of 2.4% over the same period last year.
Delegates attending the Conference
At the Conference, insurance companies focused on discussing and exchanging contents on strengthening insurance propaganda; improving customer service quality; solutions to reduce unfair competition and strengthen enforcement of legal regulations, etc. In addition, insurance companies also made recommendations and proposals to state management agencies on insurance.
Speaking at the Conference, Deputy Minister of Finance Le Tan Can highly appreciated the program of the Conference of General Directors of Insurance Enterprises 2025. This Conference aims to help the insurance industry recognize and evaluate the achievements the industry has achieved in the past time. At the same time, it is also an opportunity for insurance enterprises to exchange, share, strengthen cooperation; share difficulties and challenges in business activities, thereby building and developing a transparent, safe and sustainable insurance market.
Deputy Minister of Finance Le Tan Can gave a directive speech
Regarding the tasks in the coming time, the Deputy Minister of Finance requested that the Insurance Association in general and insurance enterprises in particular must consistently and strictly implement the provisions of the law on insurance business. Insurance enterprises proactively review their business activities to identify difficulties and obstacles; from there, propose and coordinate with the management agency of the Vietnam Insurance Association to develop and perfect the provisions of the law on insurance and develop the insurance market.
Affirming that the Vietnamese insurance market still has a lot of potential and needs to be better exploited, the Deputy Minister of Finance suggested that insurance companies focus on promoting digital transformation and applying information technology to bring higher efficiency in insurance business activities and improve service quality for customers. Along with that, proactively review and adjust business strategies to seize opportunities and development opportunities, strive for higher growth, contributing to the country's economic growth target. Strengthen the construction of a complete risk control system at enterprises. At the same time, prepare resources and coordinate closely with state management agencies and the Insurance Association to be ready to implement the risk-based capital conversion model in the following years.
Deputy Minister of Finance Le Tan Can highly appreciated the role of the Vietnam Insurance Association in the past and hoped that in the coming time, the Association would continue to play a good role as a bridge between insurance companies and state management agencies.
Source: https://gialai.gov.vn/tin-tuc/hoat-dong-cua-lanh-dao/hoi-nghi-tong-giam-doc-cac-doanh-nghiep-bao-hiem-nam-2025.html
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