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  4. > Insurance in Vietnam

Insurance in Vietnam

  • January 2016
  • -
  • MarketLine
  • -
  • 39 pages

Introduction

Insurance in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Vietnam insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

- The Vietnamese insurance market is expected to generate total gross written premiums of $2.8bn in 2015, representing a compound annual growth rate (CAGR) of 13.1% between 2011 and 2015.

- The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $1.42bn, equivalent to 50.2% of the market's overall value.

- Vietnam is hugely under-insured, as represented by a very low penetration rate. Total premiums are only 1.4% of GDP which ranks it 72nd of 88 countries reported by Swiss Re.

Features

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Vietnam

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Vietnam

- Leading company profiles reveal details of key insurance market players’ global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam insurance market with five year forecasts

- Macroeconomic indicators provide insight into general trends within the Vietnam economy

Key Questions Answered

- What was the size of the Vietnam insurance market by value in 2015?

- What will be the size of the Vietnam insurance market in 2020?

- What factors are affecting the strength of competition in the Vietnam insurance market?

- How has the market performed over the last five years?

- What are the main segments that make up Vietnam's insurance market?

Table Of Contents

Insurance in Vietnam
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 15
New entrants 17
Threat of substitutes 18
Degree of rivalry 19
Leading Companies 20
AIA Group Limited 20
AXA 23
Great Eastern Holdings Limited 27
Sun Life Financial, Inc. 30
Macroeconomic Indicators 34
Country Data 34
Methodology 36
Industry associations 37
Related MarketLine research 37
Appendix 38
About MarketLine 38

List of Tables
Table 1: Vietnam insurance market value: $ billion, 2011-15(e)
Table 2: Vietnam insurance market category segmentation: $ billion, 2015(e)
Table 3: Vietnam insurance market geography segmentation: $ billion, 2015(e)
Table 4: Vietnam insurance market value forecast: $ billion, 2015-20
Table 5: AIA Group Limited: key facts
Table 6: AIA Group Limited: key financials ($)
Table 7: AIA Group Limited: key financial ratios
Table 8: AXA: key facts
Table 9: AXA: key financials ($)
Table 10: AXA: key financials (€)
Table 11: AXA: key financial ratios
Table 12: Great Eastern Holdings Limited: key facts
Table 13: Great Eastern Holdings Limited: key financials ($)
Table 14: Great Eastern Holdings Limited: key financials (Si$)
Table 15: Great Eastern Holdings Limited: key financial ratios
Table 16: Sun Life Financial, Inc.: key facts
Table 17: Sun Life Financial, Inc.: key financials ($)
Table 18: Sun Life Financial, Inc.: key financials (C$)
Table 19: Sun Life Financial, Inc.: key financial ratios
Table 20: Vietnam size of population (million), 2011-15
Table 21: Vietnam gdp (constant 2005 prices, $ billion), 2011-15
Table 22: Vietnam gdp (current prices, $ billion), 2011-15
Table 23: Vietnam inflation, 2011-15
Table 24: Vietnam consumer price index (absolute), 2011-15
Table 25: Vietnam exchange rate, 2011-15

List of Figures
Figure 1: Vietnam insurance market value: $ billion, 2011-15(e)
Figure 2: Vietnam insurance market category segmentation: % share, by value, 2015(e)
Figure 3: Vietnam insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: Vietnam insurance market value forecast: $ billion, 2015-20
Figure 5: Forces driving competition in the insurance market in Vietnam, 2015
Figure 6: Drivers of buyer power in the insurance market in Vietnam, 2015
Figure 7: Drivers of supplier power in the insurance market in Vietnam, 2015
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Vietnam, 2015
Figure 9: Factors influencing the threat of substitutes in the insurance market in Vietnam, 2015
Figure 10: Drivers of degree of rivalry in the insurance market in Vietnam, 2015
Figure 11: AIA Group Limited: revenues and profitability
Figure 12: AIA Group Limited: assets and liabilities
Figure 13: AXA: revenues and profitability
Figure 14: AXA: assets and liabilities
Figure 15: Great Eastern Holdings Limited: revenues and profitability
Figure 16: Great Eastern Holdings Limited: assets and liabilities
Figure 17: Sun Life Financial, Inc.: revenues and profitability
Figure 18: Sun Life Financial, Inc.: assets and liabilities

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