In Q1, Vietnam's insurance premium revenue dropped 4.3% YoY, with life insurance down 10.9% and non-life up 9.8%, marking the fourth consecutive quarter of decline.
In Q1, Vietnam's insurance premium revenue dropped by 4.3% YoY to over 53.29 trillion Vietnamese dong (US$2.13bn), with life insurance down 10.9% and non-life insurance up 9.8%. This marks the fourth consecutive quarter of decline, though the rate of decrease is slower than previous quarters. Total assets of insurance companies reached nearly 932.87 trillion dong (US$37.3bn).
April 11, 2024
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