Synopsis
The report provides top-level market analysis, information and insights into the Vietnamese life insurance market, including:
The Vietnamese life insurance markets growth prospects by life insurance categories and customer segments
The various distribution channels in the Vietnamese life insurance market
The competitive landscape in the Vietnamese life insurance market
A description of the life reinsurance market in Vietnam
SummaryVietnam contains one of the most promising life insurance segments in the Southeast Asian region. The Vietnamese life insurance segment has expanded significantly since 2000, supported by the countrys strong macroeconomic and microeconomic fundamentals, and the rise in consumer awareness about the benefits of insurance products. The majority of life insurance policies sold in Vietnam were endowment policies, which accounted for a 71.6% share of the total written premium in 2011. Meanwhile, individual life insurance products accounted for a share of 21.5% and supplementary insurance products accounted for a share of 4.7% in 2011.Scope
This report provides a comprehensive analysis of the life insurance market in Vietnam:
It provides historical values for Vietnams life insurance market for the reports 20072011 review period and forecast figures for the 20122016 forecast period
It offers a detailed analysis of the key sub-segments in Vietnams life insurance market, along with market forecasts until 2016
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
It analyses the various distribution channels for life insurance products in Vietnam
Using Porters industry-standard Five Forces analysis, it details the competitive landscape in Vietnam for the life insurance business
It provides a detailed analysis of the reinsurance market in Vietnam and its growth prospects
It profiles the top life insurance companies in Vietnam, and outlines the key regulations affecting them
Reasons To Buy
Make strategic business decisions using top-level historic and forecast market data related to the Vietnamese life insurance market and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Vietnamese life insurance market
Assess the competitive dynamics in the life insurance market, along with the reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Vietnamese insurance market and its impa
Key Highlights
The life insurance segment is expected to expand during the forecast period, due to the countrys growing economy, increasing annual disposable income levels and the expanding middle-class population
The majority of life insurance policies sold in Vietnam were endowment policies, which accounted for a 71.6% share of the total written premium in 2011
With the entry of multinational corporations in Vietnam during the review period, life insurance companies have recognized bancassurances potential to be an important distribution channel for increasing the penetration of insurance products
The Vietnamese government increased the minimum capital requirements for operating as a life insurance company in Vietnam to VND600 billion (US$ 31 million). This will make it more difficult for smaller insurance companies from areas such as the Asia Pacific to enter the Vietnamese insurance industry
The life insurance segment is highly concentrated and foreign insurers accounted for around two-thirds of the total life insurance written premium in 2011
Original Post Life Insurance in Vietnam, Trends and Opportunities to 2016: Increased Distribution Through Bancassurance Will Drive Growth of Individual Life Insurance source Researchmoz Market Research
Individual Life Insurance Reports
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