Significant potential for brokerage
Insurance brokerage remains underdeveloped in Vietnam and progresses more slowly than the market. Brokerage fees and commissions are reporting only 81.5 million USD, that is, 5.2% of the premiums collected. Six local brokers and four foreign brokers are operating in the country. They hold 84.5% of the market. Much of the third party liability policies (73%) is carried out through brokers, compared to 34% in life insurance and 27% in fire.
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Wed, 16/03/2011 - 16:42
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