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Banking & Finance

"Life Protection 2018" press award launched

Released at: 11:36, 11/01/2018

"Life Protection 2018" press award launched

Photo: Huong Do

Annual press award to recognize journalists writing about Vietnam's life insurance industry.

by Nghi Do

The Vietnam Insurance Association (IAV) has officially launched the “Life Protection 2018” annual press award for journalists and reporters writing about the life insurance industry.

The award will honor journalists who have contributed to raising awareness about the humanistic nature of the life insurance industry and the importance of the sector to local and national socioeconomic development.

“Life insurance has been established and developed in Vietnam for more than 20 years,” Ms. Than Hien Anh, IAV Vice President and Head of the Organizing Committee, said at the launch. “Since its foundation, life insurance has developed rapidly, contributing to stabilizing social security, attracting idle capital from people to invest in the economy, and creating jobs for about 600,000 people.”

In recent years, the average growth of life insurance premiums in the market has fluctuated around 30 per cent; a substantial figure compared to the growth of the national economy and the average growth of countries in the region and the world. However, the proportion of people with life insurance in Vietnam remains modest, at only 8 per cent; much lower than the global average.

The jury for the award consists of five members, in which journalist Ho Quang Loi, Standing Vice Chairman of the Vietnam Journalists’ Association, is Head. Ms. Than Hien Anh, IAV Vice President, is Deputy Director, with the remaining members including Ms. Le Huong Ly, IAV Executive Director, Mr. Bui Gia Anh, IAV Secretary General, and Mr. Ngo Trung Dung, IAV Deputy Secretary.

The award consists of five categories, each of which will feature one of the most prominent types of newspapers (print, electronic, radio and television). Each prize winner will receive a certificate of merit, a travel voucher valued at VND5 million ($220), and a voucher worth VND3 million ($132).

The Journalist of the Year award will be presented to the journalist with the most articles and most positive content in the life insurance industry. Entries will reflect the perspectives of Vietnam’s life insurance industry, the humanistic meaning of life insurance, and its contribution to the economy.

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