Insurance helps reduce damage after storms and floods

Natural disasters at the end of 2024 and 2025 continued to cause significant losses to people and the economy. Despite being considered the most effective tool for protecting against natural risks, insurance is still not chosen by many households. This raises questions about the position and role of insurance in the effort to mitigate the consequences of floods and storms, especially in the rural agricultural sector, where farmers are most severely affected. According to the National Steering Committee for Disaster Prevention, in just ten months of 2025, natural disasters caused 525 deaths and disappearances, damaged over twenty-six thousand homes, and submerged hundreds of thousands of hectares of rice and cash crops. The total estimated damage was over 78,000 trillion VND. At the end of 2025, floods in the South Central region caused damage exceeding 13,000 trillion VND and submerged over 200,000 homes. These figures reflect the very high level of community damage and show the ...