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VINARE 8th Reinsurance Conference – “Re-uniting market strength”

On September 30th 2022, Vietnam National Reinsurance Corporation (VINARE) successfully organized the 8th Reinsurance Conference in Nha Trang with the theme “Re-uniting market strength”. The Conference is a biennial event, creating an opportunity for domestic insurers and international reinsurers...

VINARE 6-month business results remained firmly on-track

VINARE has just released Q2 financial statements which showed gross written premiums amounting to VND1,287 billion, increasing by 10.5% over the same period last year and achieving 58.2% of the year target. Notably, premium revenue from core business lines...

MOU signing between VINARE and Thai Re

On June 13th 2022 Vietnam National Reinsurance Corporation (VINARE) and Thai Reinsurance Public Company Ltd (Thai Re) signed a Memorandum of Understanding (MOU) on developing new products for Vietnam market. The signing of the MOU will open a new...

VINARE 2021 results firmly on track

On 22nd April 2022, Vietnam National Reinsurance Corporation (VINARE) held the Annual General Meeting of Shareholders 2022 where all key issues were passed with the majority of votes. In 2021, VINARE achieved impressive business results with gross written premium...

AM Best Affirms Credit Ratings of Vietnam National Reinsurance Corporation

Link: AM Best Affirms Credit Ratings of Vietnam National Reinsurance Corporation

VINARE posted 14 per cent growth in 2021 profit

VINARE posted 14 per cent growth in pre-tax profit in 2021 despite a decline of 8.2 per cent in gross written premiums. The decline was intentional as the company shifted its focus to core business lines which are more...

Non-life insurance in Q3 – mixed results under pandemic pressure

As production and commercial activities and services were disrupted by Covid pandemic in the third Quarter, GDP growth rate in Quarter III/2021 decreased by 6.17% year-on-year, the deepest fall since Vietnam has calculated and announced quarterly GDP. Strict social...

Renewal Roundtable Discussion 2022

In the context of adapting to the “new normal”, on October 29, 2021, Vietnam National Reinsurance Corporation (VINARE) successfully organized the 2022 Renewal Roundtable webinar. The virtual conference has attracted audience from the BOM members, managers of Reinsurance and...

Vietnam’s economic growth forecast lowered in anticipation of pandemic impacts

Recently, Rong Viet Securities (VDSC) has announced the outlook report for the last 6 months of the year. Accordingly, the economic outlook for the second half of 2021 depends heavily on the effectiveness of pandemic prevention as well as...

Vietnamese non-life insurance market in the first 6 months of 2021

The Covid-19 pandemic has had a major impact on almost all economic sectors since 2020. However, with the Government’s good control over the pandemic, our economy has also seen significant recovery steps in 2020 and the first half of...

VINARE successfully completed its business targets in the first 6 months of 2021

On 30th July, 2021, Vietnam National Reinsurance Corporation (VINARE) held an online conference to review business activities in the first 6 months of 2021. Although the Covid epidemic is still raging on, affecting all sectors of the economy, non-life...

VINARE establishes Internal Audit

Internal audit is a key pillar of governance in any organisation. It is an important element in the governance and assurance environment, and a valuable tool to manage risk effectively. Many jurisdictions, especially government, mandate that organisations must have...

Vietnamese economy bounced back in Q2 2021

After growing 4.48 per cent in the first quarter of 2021, the Vietnamese economy bounced back to 6.61 per cent in Q2, pushing the six-month growth to 5.64 per cent against only 1.81 per cent in the same period...

VINARE to pay out VND200 billion as dividend, VNR share price up 45% since the beginning of the year

Previously, VINARE also approved the plan to issue nearly 20 million bonus shares. On 29th June 2021, Vietnam National Reinsurance Corporation (VINARE – stock code VNR) will close the list of shareholders to receive dividend of the financial year...

VINARE was honored as a listed company meeting standards for information disclosure on the stock market in 2021 (IR...

VINARE was honored as one of 389 listed companies meeting the standards for information disclosure on the stock market in 2021 (IR Awards 2021). The IR Awards is an annual program co-sponsored by the Vietnam Association of Financial Executives...

AM Best Affirms Credit Ratings of Vietnam National Reinsurance Corporation

AM Besthas affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of Vietnam National Reinsurance Corporation (VINARE) (Vietnam). The outlook of these Credit Ratings (ratings) is stable. VINARE was one of the...

Vietnam’s economy grew 4.48 per cent in Q1

Vietnam’s economy posted a growth of 4.48 per cent in the first quarter of this year, higher than the 3.68 per cent of the same period last year. All the key sectors of the economy were relatively aligned with...

Vietnam economic outlook for 2021 looks bright

In 2020, Vietnam surprised the world with its impressive control of COVID-19 and its inspiring economic growth rate of 2.91 per cent, making the country one of the world’s top 10 nations with the highest growth, and also one...

Cyber insurance in Vietnam

Vietnam has the third highest encounter rate with ransomware in the Asia-Pacific region, behind China and Indonesia, a Kaspersky report in November 2020 says. According to the Ministry of Information and Communications, in the first 10 months of 2020,...

Vietnamese insurance industry eyeing impressive growth in 2020

Vietnamese insurance market 2020 has closed a bumpy year with impressive growth  while most of other industries have suffered several negative impacts from the Covid pandemic. According to Ministry of Finance, the insurance industry estimates a growth rate of...

VINARE Underwriting profit improved in Q3

VINARE’s gross written premiums amounted to VND 1,888 billion by the end of Quarter 3, increasing by 9.85% year-on-year and achieving 85.4% of the year’s target. Notably, premium revenue from core business lines posted a growth rate of 19.4%...

MOU signing between VINARE and SWISS RE

On September 29, 2022, Vietnam National Reinsurance Corporation (VINARE) and Swiss Reinsurance Company Ltd (Swiss Re) signed a Memorandum of Understanding (MOU) on a further cooperation in the upcoming time. Swiss Re is one of the world’s leading reinsurers...

Vietnam insurance market in the first 6 months: Recovering from the pandemic

According to preliminary figures from Vietnam Insurance Association, the total market premium revenue in the first six months of 2022 increased 14.9% year-on-year to approximate VND118,961 billion, in which the non-life sector recorded VND34,494 billion in terms of premiums...

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