According to the Insurance Association, the number of new contract mining market in Q1 decreased by 27% over the same period last year (for the primary). Manulife is the biggest drop, nearly 56%, 44% AIA, Bao Minh CMG 31%, 30%, Prudential, Bao Vietnam 13%. Initially, this decrease is temporarily not affect the profitability of the company, because they earned premiums from contracts signed in previous years. Even some companies profit this year may be even doubled last year. However, in the next 3-4 years, the risk of loss evident, fewer new contracts, revenue will be lower and profits fell.
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