According to the ministry of finance, out of the 45 insurers operating in Vietnam, 43 took the solvency tests in 2014. Only two of them (Xuan Thanh Insurance and Vien Dong Insurance) have been placed in Group 3.
This group includes insurance companies which failed the tests. As a consequence, they will have to submit to the restructuring requirements imposed by the authorities. Group 2 includes 19 insurers that have fulfilled the required criteria but whose technical results are not satisfactory because of their operational costs or the incurred loss.
This group also includes the insurance companies that have concluded two consecutive years in loss-making fashion. Group 1 is that of insurers who meet the solvency tests and generate stable profits.