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Vietnam Insurance Report Q1 2017

  • November 2016
  • -
  • Business Monitor International
  • -
  • 60 pages

Includes 3 FREE quarterly updates


BMI View:

The insurance industry in Vietnam is developing rapidly, albeit from a very low base. Both the life and non-life sectors are recording steady premium growth and the potential of this market, where average coverage levels are currently minimal, means Vietnam is attracting a growing number of major regional and multinational insurance providers. The influx of foreign investment will help to diversify the range of products available in the market and will also result in an expansion of distribution channels, enabling insurers to reach new segments of the potential consumer market.

Key Updates And Forecasts



- In October 2016, reports emerged that Vietnam’s Ministry of Labour, War Invalids and Social Affairs was considering increasing the legal retirement age. The new proposed retirement age for men would be 62 years, up from 60, and for woman would be 60 years, up from 55 currently.

Table Of Contents

Vietnam Insurance Report Q1 2017
BMI Industry View 5
Table: Headline Insurance Forecasts (Vietnam 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (Vietnam 2013-2020) 12
Table: Life Insurance Claims (Vietnam 2009-2015) 13
Non-Life Premiums Forecast 13
Table: Non-Life Premiums (Vietnam 2013-2020) 16
Table: Non-Life Insurance Claims (Vietnam 2009-2015) 18
Non-Life Sub-Sector Forecast 18
Table: Non-Life Insurance Premiums by Product Line (Vietnam 2013-2020) 26
Insurance Risk/Reward Index 28
Table: Asia Pacific Insurance Risk/Reward Index Q117 29
Market Overview 30
Life Market Overview 30
Product Offering 30
Competitive Landscape 31
Table: Life Insurance Market (USDmn) 2009-2014 32
Non-Life Market Overview 33
Product Offering 33
Competitive Landscape 33
Table: Non-Life Market (USDmn) 2009-2014 35
Company Profile 37
AIA Group 37
American International Group (AIG) 40
Bao Viet Holdings 43
Manulife Financial 46
Prudential 48
Sun Life Financial 51
Methodology 54
Industry Forecast Methodology 54
Sector-Specific Methodology 55
Risk/Reward Index Methodology 57
Table: Indicators 59
Table: Weighting of Indicators 60

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