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Volume 07 Issue 03 March 2024

Trends in Fintech Application in the Insurance Sector in Vietnam
1Thi Van Anh Nguyen,2Anh Trung Nguyen
1University of Labor and Social Affairs, Hanoi, Vietnam
212B1 - Vinschool The Harmony
DOI : https://doi.org/10.47191/ijmra/v7-i03-28

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ABSTRACT:

In recent years, the development of information technology has had a strong impact on the operation of the global economy. The product of this revolution is Fintech, which combines technology and finance based on technological platforms. Therefore, the application of Fintech in the fields of finance-banking, financial investment, insurance, etc., is an inevitable trend that helps businesses make breakthroughs and enhance their competitiveness. Hence, insurance companies that do not change or are slow to change must accept relinquishing market share to other insurance companies that have adopted information technology. This article focuses on assessing the current situation of Fintech application trends in the insurance sector in Vietnam, thereby proposing solutions to enhance the sustainable application of Fintech in the insurance sector in Vietnam.

KEYWORDS:

Fintech, insurance, Vietnam.

REFERENCES
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3) Baoviet, (2019), sustainable development report

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5) Dinh. T. T. H., & Nguyen, H. T. (2021). The impact of Fintech on the performance of commercial banks. Journal of Money and Financial Market, 562,51-58. Fintech news 2017

6) Hoan Dinh Nguyen, Mai Anh Le Thi, Thuy Thi Bich Bui (2019). Insurtech: Opportunities and challenges for Vietnamese insurance businesses. Finance and Accounting Research 2019, No. 12 pp.51-53

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Volume 07 Issue 03 March 2024

There is an Open Access article, distributed under the term of the Creative Commons Attribution – Non Commercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting and building upon the work for non-commercial use, provided the original work is properly cited.


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