SINGAPORE, Nov 28 (Bernama-BUSINESS WIRE) — AM Best is maintaining a stable outlook on Vietnam’s non-life insurance segment, citing premium growth and regulatory enhancements that strengthen risk management and corporate governance.
The Best’s Market Segment Report, “Market Segment Outlook: Vietnam Non-Life Insurance,” also notes the government’s relaxation of restrictions on foreign investment in Vietnam’s insurance industry as a positive factor. AM Best is of the view that this will be a favourable development over the long term; in particular, smaller local players can leverage foreign investors’ experience and expertise to refine their underwriting capability and business strategies.