Accounting Information System at Vietnam Life Insurance Businesses

Abstract

Life insurance is increasingly close to the Vietnamese people and is likened to a provision financial solution against unexpected risks in life. The life insurance market in Vietnam continues to grow due to the recovery of the global economy and increased consumer demand for an asset and health protection. However, the insurance business is one of the most sensitive business areas. Therefore, information on a financial situation in general and business results provided by the accounting department has a great impact on customers and determines the existence and development of life insurance businesses. A rational accounting information system will make an important contribution to providing reliable accounting information, thereby improving the reputation of life insurance businesses in the market. In this article, the authors clarify the theoretical basis and situation of the accounting information system of Vietnamese life insurance businesses. From there, the authors propose solutions to improvthe accounting information system to help improve the competitiveness of life insurance businesses.