Middle East turmoil raises risks for Vietnam's insurance sector

Middle East turmoil raises risks for Vietnam's insurance sector

In a recent assessment of the impact on the insurance sector of the conflict, global rating agency Fitch Ratings assumed that initial claims are expected to be recorded in the first quarter of 2026, reflecting a hit to the profitability of insurers. For high-risk lines such as hull insurance, domestic insurers typically cede a large proportion of risk to reinsurers Statistics indicate that around 1,000 vessels, with a combined hull v…