Bross & Partners
Address
21st Floor, Charm Vit Tower
117 Tran Duy Hung Str., Cau Giay
Hanoi
Vietnam
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Member since
2023
PBLI
The proven Hanoi insurance lawyers at Bross & Partners are experienced in the effective handling of insurance-related lawsuits, as it pertains to Vietnam insurance law.
The Hanoi insurance attorneys have experience representing clients in insurance law matters involving:
The term “insurance” is a contractual agreement; most commonly refers to the instance of an insurance policy, which legally binds the insurer to cover the cost of all or any portion of damages suffered by the insured party as defined in the policy. In its essence, the purpose of insurance is to measure the risks of a potential loss from the insured party.
While types of insurance vary widely, their primary goal is to allocate the risks of a loss from the individual to a great number of people. Everyone pays a “premium” into a pool, from which losses are paid out. The premium is not returnable if a loss is not suffered; in that case, the payment is for ‘peace of mind”. Thus, when a loss is suffered, the loss is spread to the people contributing to the pool. To ensure these pools are properly managed and adequately funded, the government and the courts heavily regulate the insurance industry.
The Hanoi insurance lawyers at Bross & Partners are distinguished by a history of successful insurance law recoveries and resolutions. For experienced representation in an insurance dispute, contact the Hanoi insurance attorneys at Bross & Partners in Vietnam.