SINGAPORE, July 31 (Bernama-BUSINESS WIRE) — AM Best is maintaining a stable outlook on Vietnam’s non-life insurance segment, citing accelerating non-life premium growth and increased demand for commercial lines insurance.
The Best’s Market Segment Report, “Market Segment Outlook: Vietnam Non-Life Insurance,” also notes the country’s Insurance Business Law as a recent regulatory refinement supporting the stable outlook, as the newly adopted requirements on risk management, internal controls, internal audits and actuarial standards are expected to enhance risk governance and strengthen financial conduct.