Mr. Tan Haifeng, Aviva Vietnam’s CFO and appointed actuary Actuaries are generally regarded as playing a very important role in emerging markets like Vietnam to promote and design insurance products. As Aviva Vietnam’s appointed actuary, what do you think about this? The Actuary plays an equally important role with other insurance colleagues across the value chain to achieve customer satisfaction. We can only deliver excellent experiences to customers when we all put customers at the heart of our decisions and collaborate seamlessly. The actuary takes greater accountability in ensuring fairness and sustainability. Here, fairness is about bringing good product value to customers, fair pricing, and overall fairness between existing and new customers, the right rewards for customer loyalty, and adequate rewards for distribution advice. In short, it’s about value optimisation across customer segments, distribution, and shareholders. Sustainability is about the peace of … [Read more...] about A universal life insurance product tailored for Vietnamese
Prudential whole life insurance loan
By Bruce Selcraig, Staff writer Updated 7:10 pm CDT, Tuesday, March 12, 2019 Vanessa Cameron, seated center, looks around before the start of testimony in her kidnapping and murder trial before Bexar County 226th District Court Judge Velia Meza, Tuesday, March 12, 2019. Cameron was convicted in the murder of her boyfriend, Samuel Allen Johnson, Jr., 26, in a trial in 2012. She received a 70-year sentence. The conviction was overturned on a technicality. Then presiding Judge Ron Rangel would not allow her relatives to sit in during jury selection due to a crowded courtroom and thus violating her right to a public hearing. less Vanessa Cameron, seated center, looks around before the start of testimony in her kidnapping and murder trial before Bexar County 226th District Court Judge Velia Meza, Tuesday, March 12, 2019. Cameron was ... more Photo: Jerry Lara / Staff Photographer … [Read more...] about Retrial begins in case of San Antonio woman accused of having the father of her child killed over jealousy, life insurance
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?
After running his first practice as the Timberwolves’ interim head coach, Ryan Saunders was shepherded to the front of a team backdrop to field countless questions from a herd of reporters. Welcome to the life of an NBA head coach. “Definitely didn’t expect to be standing here,” Saunders said. This is where Saunders has always wanted to be, he just didn’t suppose this opportunity would come now, or via this avenue. Not on the heels of Tom Thibodeau’s firing, not at the midway point of an NBA season for a team contending for a playoff spot. Not at the ripe age of 32 years old. Still, this is where he wants to be. The Gophers’ alum and son of the late, legendary Wolves coach and executive Flip Saunders, Ryan was, as former Timberwolves center Cole Aldrich put it, “groomed to be a head coach his whole life.” He knows basketball inside and out. When Aldrich was in high school, it was Saunders — then a student-athlete at the … [Read more...] about New Timberwolves coach Ryan Saunders has prepared his whole life for this opportunity
Viet Nam News HCM CITY — The life insurance industry will grow at over 25 per cent this year, according to the Insurance Association of Việt Nam. Its acting chairman, Trần Vĩnh Đức, said, “The Vietnamese economy is expected to grow at a rate of between 6.8 per cent and 7 per cent in 2019. “Demand for insurance, particularly life insurance, will increase as more and more people and organisations started caring about insurance products. Thus, the market will keep growing.” In a report released on Wednesday the association said last year the life insurance market performed well earning revenues of nearly VNĐ116 trillion (US$5 billion). Of this, VNĐ88 trillion ($3.8 million) was from premium income, an increase of 33 per cent, and the remaining VNĐ28 trillion ($1.2 million) was from proprietary investment, a 30 per cent rise, the association said. “Life insurers’ financial capacity improved with total … [Read more...] about Life insurance to grow at 25 per cent: forecast