Insurance companies still facing challenges

A general view of a factory belonging to LG Electronics collapsed following the impact of Typhoon Yagi, in Trang Due Industrial Zone, Hai Phong city, Vietnam, September 9, 2024. REUTERS/Minh Nguyen

HANOI: After a tough year in 2023, the business performance of life insurance companies hasn’t yet recovered.

The companies are still struggling with economic difficulties and the consequences of last year’s confidence crisis.