![[Toyota Times] Century as a Brand, Lexus as Innovation: All the Details on Toyota's New Project!](https://businessfortnight.com/wp-content/uploads/2025/10/Toyota-Times-Century-as-a-Brand-Lexus-as-Innovation-All-218x150.jpg "[Toyota Times] Century as a Brand, Lexus as Innovation: All the Details on Toyota's New Project!")
The list of the top 10 most prestigious life and non-life insurance companies in Vietnam in 2023(Photo: https://markettimes.vn/)Hanoi (VNA) – The Vietnam Report JSC
on June 23 announced the list of the top 10 most prestigious life and non-life
insurance companies in Vietnam in 2023.
The 10 most prestigious life
insurance companies include Bao Viet Insurance, Dai-Ichi Vietnam, AIA Vietnam, Prudential Vietnam, Chubb Vietnam, Generali Vietnam, Hanwha
Life Vietnam, Cathay Vietnam, MB Ageas and Mirae Asset Prévoir.
Meanwhile, the top 10 non-life insurance companies in 2023
are Bao Viet Insurance, PVI Insurance, Bao Minh Joint Stock Corporation, VietinBank
Insurance Company, Military Insurance Corporation (MIC), Petrolimex Joint Stock
Insurance Company (PJICO), BIDV Insurance Corporation, Aviation Insurance JSC, Agriculture
Bank Insurance Joint Stock Corporation, and Saigon-Hanoi Insurance Corporation.
Vietnam Report made assessments independently on the foundation of their financial capacity and media
reputation, and a survey of relevant organisations and individuals conducted in
May – June this year.
According to Vietnam Report General Director Vu Dang Vinh, insurance premium
revenue in the first five months of 2023 was estimated at nearly 93.2 trillion
VND (3.96 billion USD), down nearly 1.5% over the same period last year. Many insurers admit that
this is a difficult period for the insurance market.
Experts held that after economic fluctuations and disruptions in
the global supply chain due to the COVID-19 pandemic, the Law on Insurance
Business (amended), which took effect on January 1, 2023, is expected to be a dose
of “vaccine” to make the insurance market more transparent.
They believed that difficulties facing the
sector will last for only a short time, and the potential of the market remains
great.
Up to 72.7% of the respondents in the survey by Vietnam Report said that strong
technological development and application of technology in all stages of the
insurance industry’s value chain represent the greatest opportunity to promote recovery
of the industry./.
