Insurance Market in Vietnam is developing with the economy. With the flow of foreign investment, a number of foreign insurance companies were granted business licenses which has made a more competitive environment. As an organic part of the market, insurance brokers always play a extremely role in insurance market. However, the word “broker” for almost Vietnamese does not speak much for itself.
Followings are some analysis which will give an overview picture of a broker operation in the market and understand why they are indispensable.