Fifty-one insurance companies (32 non-life and 19 life insurers) have submitted reports to the Insurance Supervision and Management Department.
Among these, seven human casualty claims were recorded, totaling approximately VND 745 million in insurance payouts. Non-life insurance claims for property damage and other services reached 3,746 cases, with compensation amounting to nearly VND 1.67 trillion.
The majority of losses were concentrated in the non-life insurance sector, particularly in technical property insurance, with over 1,081 cases and damages nearing VND 1.593 trillion. Additionally, motor vehicle insurance recorded 2,653 cases, resulting in damages exceeding VND 76 billion. Other sectors, such as ship hull and agricultural insurance, reported 12 cases with damages surpassing VND 4.7 billion.
Motor vehicle insurance recorded 2,653 cases with damages exceeding VND 76 billion. Photo: Đức Nguyễn.
In the life insurance segment, companies reported five cases of death and injury, with an estimated payout of VND 480 million.
According to the Insurance Supervision and Management Department, insurers are continuously updating loss data, coordinating inspections, and processing compensation to support customers in their recovery efforts.
In Conclusion No. 546/TB-VPCP, the Government’s Standing Committee directed urgent measures to address the aftermath of Typhoon No. 11.
Since late July, Vietnam has faced nine consecutive typhoons (from No. 3 to No. 11), with five (Nos. 3, 5, 9, 10, and 11) directly impacting the mainland. Notably, Typhoons No. 10 and No. 11 caused historic flooding, resulting in severe human and property losses.
The Ministry of Agriculture and Environment reported that natural disasters this year have caused 238 deaths and missing persons, 367 injuries, damaged over 258,000 homes, and affected more than 555,000 hectares of rice, crops, and plantations.
Total economic losses are estimated at VND 33.5 trillion (compared to the same period in 2024, human losses are at 47%, and economic losses are at approximately 37%).
Specifically, flooding from Typhoon No. 11 has resulted in 15 deaths and missing persons, seven injuries, and over 16,900 flooded homes (primarily in Cao Bằng, Thái Nguyên, Lạng Sơn, and Hanoi), impacting economic growth.
Bảo Việt Insurance Launches Third Vehicle Appraisal Center in Da Nang
Today, Bao Viet Insurance officially launched its third Motor Vehicle Appraisal Center in Da Nang, following a centralized model. This marks a significant milestone in the company’s modernization strategy, prioritizing customer peace of mind and satisfaction above all else.
The Cao Bang Landslide: BIC Insurance Provides Advance Compensation of nearly VND 1 Billion
The Insurance Regulatory and Supervisory Authority has instructed insurance companies to promptly provide advance payments, compensation, and insurance payouts in a timely and adequate manner.
The Race to Insure Vehicles Post-Storm Chaos
Many car owners are left waiting for insurance companies to process their claims as repair shops in the northern regions are overwhelmed with vehicles in need of fixing after the recent storm and flood damage.
The Storm’s Financial Fallout: Insurers Estimate Payouts of 7 Trillion VND by September 12th.
As of 5 p.m. on September 12th, insurance companies had received reports of over 9,000 property and motor vehicle damage claims. A total of 14 fatalities were recorded, along with 18 health insurance cases.
What Business Has to Fork Out the Most in Insurance Claims After a Storm?
As of September 12th, the insurance company estimated customer compensation to exceed VND 2,300 billion, with PVI Insurance leading the way, shouldering the majority of the burden with over VND 2,000 billion in payouts.
