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Vietnam Insurance, Reinsurance and Social Insurance Industry Report 2020

Monday 20, 07 2020
Total pages
38
File
PDF
Category
Financial, banking and Insurance Services
Published year
2020
Executive Summary
Table of Facts & Figures
List of Rated Companies
Related Industries
Tab 5
Executive Summary
Table of Facts & Figures
List of Rated Companies
Related Industries
Vietnam has 66 insurance companies, of which 30 are non-life insurers, 18 life insurers, 2 re-insurers, 16 insurance brokers and 21 representatives of foreign insurers.
2019 marked the sixth year in a row that the Vietnamese insurance market has achieved a premium growth rate of over 20%. Total assets are VND 454 trillion, increasing by 15.03%.
Household incomes are growing in accordance with people’s awareness of the benefits of insurance.
Leading insurers have access to capital and are introducing innovative and appropriate products through multiple distribution channels. Whilst the regulator works to improve transparency and standards.
Premiums are forecasted to demonstrate double-digit growth.
Table of contents
1.Industry overview
2.New regulations on Industry development
3.External Influences on the Insurance Industry
4.Life Insurance
5.Non-life Insurance
6.Bancassurance
7.Re-insurance and Insurance Brokers
8.Industry Forecast
9.Market structure and top companies

List of tables

Table 1. Top Life Insurance Companies ranked by Gross Written Premium
Table 2. Top Non-life Insurance Companies ranked by Gross Written Premium
Table 3. Top Insurance Brokerages ranked by Gross Written Premium

List of figures
Overview
Figure 1. The 10-year development of life and non-life insurance industry (2011 – 2020)
Figure 2. Insured population ratio
External Influences on the Insurance Industry 
Figure 3. Fire and explosion risk 
Figure 4. Traffic accidents in Vietnam through years
Figure 5. Vietnam natural disasters’ consequence through years
External Influences on the Insurance Industry  
Figure 6. Worldwide epidemic record
Figure 7. Number of new cancer cases in 2018, both sexes, all ages
Figure 8. Number of deaths by cancer sites
Life Insurance
Figure 9. Gross Life Insurance Premium
Figure 10. Market Dominators' Premium
Figure 11. Premium income of life insurers
Figure 12. Profit before tax of life insurers
Non-life Insurance
Figure 13. Gross non-life insurance premium
Figure 14. Premium Dominators
Figure 15. Premium income of non-life insurers
Figure 16. Non-life insurance premiums by product lines (2016 - 2023)
Bancassurance
Figure 17. Share of Bancassurance in life insurance market
Figure 18. Vietnam’s Bancassurance growth rate
Figure 19. Net profit from bancassurance of Vietnam’s banks 2019
Re-insurance and Insurance Brokerages
Figure 20. Premium revenue from Insurance Brokers in 2018
Figure 21. Insurance premium through brokers by product lines
Industry forecast
Figure 22. Real GDP growth rate (%)
Figure 23. Average monthly income per capital (million VND)
Figure 24. Average written premium on GDP
Figure 25. Insurance market penetration gap (%)
Figure 26. Market size of Vietnam's Insurance Industry
Figure 27. Scale & growth rate of total operational reserves
Figure 28. Investment in the economy
Figure 29. Insurance claims
Figure 30. Market structure and top companies 

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