The city will fund half the premium, up to 1m yuan (US$150,000) per company each year, and has launched an SME package where 9,800 yuan buys 5.5m yuan of cover.
Risk-adjusted capitalisation is expected to remain at its strongest level, but the agency noted that volatile cover and a small net premium base have kept underwriting profitability subdued over the past...
The Ho Chi Minh City-based company will be 91% owned by ACB Asset Management and authorised to write health, motor, property and other short-tail lines.
The regulator also wants insurers and other financial institutions to demonstrate how geopolitical risks are embedded in strategy, risk appetite and board oversight.
The joint venture between vrs Adjusters and Uchiyama Loss Adjusting, announced in April, coordinates cross-border claims for Japanese insurers and corporates across Asia-Pacific.
Pricing new mobility risks requires rating factors built for the technology, not retrofitted from old variables, industry experts said at the Asian Actuarial Conference 2026.
