Amongst other changes, Decree 73 imposes restrictions, in certain circumstances, on the amount of risk and premium that can be transferred by insurers operating in Vietnam to their reinsurers...

Tilleke & Gibbins insurance specialists have updated the Vietnam chapter of Thomson Reuters' Practical Law guide, providing comprehensive coverage of the country's insurance and reinsurance legal framework. The guide addresses critical regulatory requirements, authorization processes, ownership restrictions, compliance obligations, and dispute resolution mechanisms that govern Vietnam's insurance market.

The law will also cover insurers, reinsurers and insurance brokers practising insurance auxiliary services and other activities directly related to the insurance business.

In 2021, Vietnam's insurance industry recorded VND 256 trillion (US$10.9 billion) in premiums, more than triple that recorded in 2015.

Member of IAIS? Yes, Vietnam became member of IAIS in 2007. Global regulators, bodies and legislation applicable to country The project "ComFrame" was set up by the Internationally Active Insurance Groups...

Globale Regulierungsbehörden, Organe und für das Land geltende Gesetze Das Projekt „ComFrame" wurde von der Internationally Active Insurance Groups...

The project "ComFrame" was set up by the Internationally Active Insurance Groups (IAIG, related to IAIS) to establish regulatory framework with mandatory standards.

Member of IAIS? Yes, Vietnam became member of IAIS in 2007. Global regulators, bodies and legislation applicable to country The project "ComFrame" was set up by the Internationally Active Insurance Groups (IAIG, related to IAIS)...

A project "ComFrame" set up by the Internationally Active Insurance Groups (IAIG related to IAIS), is planned to establish regulatory framework with mandatory standards.