HCM CITY — Some 350 local and international experts engaged in discussions over a new era in Việt Nam’s insurance industry at the Vietnam Actuarial Conference 2023 hosted by Prudential Vietnam Assurance Private Limited in HCM City last week. Themed “The Next Insurance Era", the largest annual event in the insurance industry offered an in-depth overview of Việt Nam's Insurance market through four presentations by experts from RGA, Gen Re and Pacific Life Re from the US, and Swiss Re from Switzerland. "The challenges and changes in 2023 have inaugurated a new era for the life insurance industry in Việt Nam, particularly in the wake of the recent implementation of Circular 67 under the Insurance Business Law on November 2. A highlight of the conference was the panel discussion on “Unlocking Sustainable Growth: ESG Application in Life Insurance" - an in-depth panel discussion that explores ESG strategies within the insurance industry, delving into ESG practices among businesses in Việt Nam and drawing lessons from developed markets. At VAC 2023, life insurance companies and their partners joined forces to highlight the importance of technological transformation, prioritizing customer-centric approaches, and advancing sustainable development through the adoption of ESG strategies.

Source: Viet Nam News November 29, 2023 03:58 UTC