Vietnam’s tourism and people in general suffered shocking news at the end of 2018 as a roadside bomb detonated near a bus as it crossed Al-Haram district, close to the well-known pyramids in Giza. The explosion killed three Vietnamese people and their Egyptian guide, while another 12 inflicted severe injuries. Shortly after the incident, Saigontourist Travel Service Company, the agency operating the Egypt tour, immediately worked with Bao Viet Insurance Corporation on the insurance benefits of the tourists. As announced by Bao Viet, those killed in the bomb attack will receive the maximum life insurance coverage amount of VND2.4 billion ($104,350), while the company will also support expenditure to complete procedures to take the bodies of the three victims home and organise funeral services. For the injured people receiving treatment in the North African country, the company will continue working with Egyptian hospitals to return them home as soon as possible. Each will be … [Read more...] about Travel insurance – the globetrotters’ amulet
Big life insurance companies
The Vietnam Actuarial Conference 2018 hosted by Prudential with the attendance of over 200 actuaries and insurance professionals discussing Big Data More insurance businesses are now planning to apply new technologies in their management systems and improve customer services, while many also plan to develop new products to meet market demand as well as diversify insurance sales channels, according to a survey released by Vietnam Report in June last year. In particular, 82.4 per cent of insurance companies said they were building a Mobile Internet development strategy and 64.7 per cent have adopted strategies based on two key factors in Industry 4.0: the Internet of Things (IoT) and Big Data. Disruptive technology Big Data provides new insights from social networks, telematics sensors, and other new information channels. As a result, it allows understanding customer preferences better, enabling new business approaches, product development, and enhancing existing internal models, … [Read more...] about How can Big Data drive the future of insurance?
Roy Gori took a business trip to Vietnam on the occasion of the 45th anniversary of diplomatic relations between Vietnam and Canada. He had a meeting with the country’s State Vice President Dang Thi Ngoc Thinh in November 2018, discussing Manulife’s commitment to long-term investment and sustainable operations as well as its contribution to the Vietnamese economy. How did Manulife perform in 2018 and what were the key priorities and achievements? We’re excited about the progress we’ve made in 2018, both in terms of our performance and our transformation into the most digital, customer-centric global company in our industry. We’re focused on innovation, digitisation and driving operational efficiencies to ensure we remain competitive and to make it easier for customers to do business with us. Our focus has and will continue to be on execution of our five priorities: portfolio optimization, expense efficiency, accelerating growth, becoming a digital … [Read more...] about Digitalisation drives transformation in Vietnam’s insurance sector
The initial plan for this post was to research all of the different travel insurance options on the market for backpackers and world travelers. I did the research—it took ages. And I had planned to compare and contrast what’s included in key companies (which I do below). But my overall conclusion is that World Nomads is the best travel insurance for backpackers.After sussing out the negative and positive reviews on other sites, it’s pretty clear that the while every single travel insurance company has some negative reviews, there are many success stories for World Nomads and its support staff. And I have used them for 10 years now, and still love their coverage.That said, different trips call for different travel needs!It would be disingenuous for my World Nomads review to not cover when it might not be the right fit for your planned trip.Below I’ll cover why I picked World Nomads for most of my world travels, but also why I’ve used IMG … [Read more...] about A Little Review… Should You Buy World Nomads Travel Insurance
Updated 7:11 am PDT, Thursday, November 1, 2018 FILE - In this Jan. 25, 2011, file photo, visitors are silhouetted by the morning sun as they walk along the beach at Pillar Point in Half Moon Bay, Calif. Life insurance provides a financial safety net for families. Sounds simple, but decisions over whether and how much to buy can get complicated, and mistakes can be costly. less FILE - In this Jan. 25, 2011, file photo, visitors are silhouetted by the morning sun as they walk along the beach at Pillar Point in Half Moon Bay, Calif. Life insurance provides a financial safety net for ... more Photo: Marcio Jose Sanchez, AP FILE- In this Sept. 21, 2016, file photo a man is silhouetted against the wall illuminated by the late afternoon sunlight as he walks through the Nadine and Ed Carson Amphitheater at the Walt Disney Concert Hall in Los Angeles. Life insurance provides a financial safety net for families. … [Read more...] about Don’t make these big life insurance blunders