Developing Bancassurance Distribution Channels in Vietnamese Life Insurance Companies

Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 05

Abstract

The article provides an overview of Bancassurance, Bancassurance business activities in Asia and Vietnam. Through the method of data collection, analysis, and synthesis, the research team has evaluated the status of Bancassurance distribution channel activities at Vietnamese life insurance enterprises. The research team identified the development potential and challenges in developing Bancassurance in life insurance businesses. Concretizing the legal basis of Bancassurance business activities, requiring bank staff to learn carefully and be cautious in providing information about Bancassurance products, creating specialized products, and investing in technology platforms is the solution proposed by the research team in the article to solve the challenges in the development of Bancassurance.

Authors and Affiliations

Thi Huu Ai Nguyen, Nguyen Zen Nguyen, Ngoc Ha Tran, Thi Thanh Mai Nguyen

Keywords

Related Articles

Navigating Sustainability Reporting Challenges in Pluralistic Societies: Insights from Balinese SMEs and the Integration of Tri Hita Karana and Tri Pramana

In pluralistic societies, navigating diverse perspectives and promoting sustainable practices pose significant challenges. This paper explores the complexities of sustainability reporting within organizations, focusing o...

Implementation of Internal Control, Good Corporate Governance and Whistleblowing System for Fraud Prevention

This research aims to determine the effect of implementing internal control, good corporate governance and whistleblowing systems on fraud prevention. The type of research used is associative research. The location of th...

The Influence of Product Quality, Promotion, Trust, Convenience and Price on Purchasing Decisions with Brand Image as an Intervening Variable

Today's advanced age has the potential to change people's lives. Throughout these modern times, several technical developments have taken place, among which are software and data innovations. E-commerce has become a part...

Province Regional Tax Revenue Increase Model

This study aims to formulate a model of increasing local taxes in Jambi province. The model used in this study is the simultaneous equation model. The results showed that there was a positive and significant influence on...

The Impact of Instagram Promotion on Purchase Intention at The Langham Jakarta

This research studies the impact of Instagram Promotion on Purchase Intention at The Langham Jakarta, the inaugural Southeast Asian business hotel branch in SCBD. Strategically positioned in Jakarta's bustling business d...

Download PDF file
  • EP ID EP727089
  • DOI 10.47191/jefms/v6-i5-43
  • Views 33
  • Downloads 0

How To Cite

Thi Huu Ai Nguyen, Nguyen Zen Nguyen, Ngoc Ha Tran, Thi Thanh Mai Nguyen (2023). Developing Bancassurance Distribution Channels in Vietnamese Life Insurance Companies. Journal of Economics, Finance and Management Studies, 6(05), -. https://europub.co.uk/articles/-A-727089