Synopsis
The report provides in depth market analysis, information and insights into the Vietnamese non-life insurance market, including:
The Vietnamese non-life insurance segment's growth during the review period was supported by the country’s robust economic growth, expanding automobile industry, and increasing middle-class population. Vietnam is one of the fastest-growing economies in Southeast Asia, indeed the Vietnamese economy is expected to grow at a faster rate than both India and China over the forecast period. Over the forecast period (2012–2016), the growth of the non-life insurance segment will be driven by the development of the country’s automobile, real estate and construction markets. These industries will require innovative non-life insurance products to aid their expansion, creating a larger customer base for non-life insurers. Property insurance was the largest category in the Vietnamese non-life insurance segment in 2011, followed by motor insurance.
Scope
This report provides a comprehensive analysis of the non-life insurance market in Vietnam:
The report provides in depth market analysis, information and insights into the Vietnamese non-life insurance market, including:
- The Vietnamese non-life insurance market’s growth prospects by non-life insurance categories
- The various distribution channels in the Vietnamese non-life insurance market
- The competitive landscape in the non-life insurance market in Vietnam
- A description of the non-life reinsurance market in Vietnam
The Vietnamese non-life insurance segment's growth during the review period was supported by the country’s robust economic growth, expanding automobile industry, and increasing middle-class population. Vietnam is one of the fastest-growing economies in Southeast Asia, indeed the Vietnamese economy is expected to grow at a faster rate than both India and China over the forecast period. Over the forecast period (2012–2016), the growth of the non-life insurance segment will be driven by the development of the country’s automobile, real estate and construction markets. These industries will require innovative non-life insurance products to aid their expansion, creating a larger customer base for non-life insurers. Property insurance was the largest category in the Vietnamese non-life insurance segment in 2011, followed by motor insurance.
Scope
This report provides a comprehensive analysis of the non-life insurance market in Vietnam:
- It provides historical values for Vietnam’s non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of the key sub-segments in Vietnam’s non-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 non-life insurance products in Vietnam
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Vietnam for the non-life insurance business
- It provides a detailed analysis of the reinsurance market in Vietnam and its growth prospects
- It profiles the top non-life insurance companies in Vietnam and outlines the key regulations affecting them
- Make strategic business decisions using historic and forecast market data related to the Vietnamese non-life insurance market and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Vietnamese non-life insurance market
- Assess the competitive dynamics in the non-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 impact on companies and the market's future
- Over the forecast period (2012–2016), the growth of the non-life insurance segment will be driven by the development of the country’s automobile, real estate and construction markets.
- Vietnam is one of the fastest-growing economies in Southeast Asia, indeed the Vietnamese economy is expected to grow at a faster rate than both India and China over the forecast period.
- Despite the adverse impact of the global economic crisis, Vietnam registered sustained economic growth during the review period.
- Property insurance is the third-largest category in the Vietnamese non-life insurance segment, accounting for a market share of 27.1% of non-life insurance written premium in 2011.
- Traditionally, Vietnamese life insurers relied on a large network of insurance agents. However, during the review period multinational corporations have increasingly recognized bancassurance as an important channel for the distribution of products.
1 EXECUTIVE SUMMARY
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 VIETNAMESE INSURANCE INDUSTRY ATTRACTIVENESS
3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 NON-LIFE INSURANCE SEGMENT OUTLOOK
4.1 Non-Life Insurance Growth Prospects by Category
4.1.1 Property insurance category
4.1.2 Fire and allied perils insurance sub-category
4.1.3 Engineering insurance sub-category
4.1.4 Agriculture insurance sub-category
4.1.5 Other property sub-category
4.2 Motor Insurance Category
4.2.1 Motor hull sub-category
4.2.2 Motor third-party sub-category
4.3 General Third-Party Category
4.4 Marine, Aviation and Transit Category
4.4.1 Marine sub-category
4.4.2 Marine hull sub-category
4.4.3 Marine third-party sub-category
4.4.4 Aviation sub-category
4.4.5 Transit sub-category
5 ANALYSIS BY DISTRIBUTION CHANNELS
5.1 Direct Marketing Channel
5.2 Bancassurance Channel
5.3 Agencies Channel
5.4 E-Commerce Channel
5.5 Brokers Channel
5.6 Other Channels
6 REGULATORY POLICIES
7 PORTER’S FIVE FORCES ANALYSIS – VIETNAM NON-LIFE INSURANCE MARKET
7.1 Bargaining Power of Suppliers: Low to Medium
7.2 Bargaining Power of Buyers: Medium
7.3 Barriers to Entry: Medium
7.4 Intensity of Rivalry: High
7.5 Threat of Substitutes: Low
8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES
8.1 Reinsurance Market Size, 2007–2016
8.2 Reinsurance Market Size by Type Of Insurance, 2007–2016
9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
9.1 Overview
9.2 Leading Companies in the Vietnam Non-Life Insurance Segment
9.3 Comparison of Top-Four Insurers
9.3.1 Gross written premium
9.4 Bao Viet Insurance – Company Overview
9.4.1 Bao Viet Insurance – key facts
9.4.2 Bao Viet Insurance – key financials
9.5 PVI Insurance Corporation – Company Overview
9.5.1 PVI Insurance Corporation – key facts
9.5.2 PVI Insurance Corporation – key financials
9.6 BaoMinh Insurance Corporation – Company Overview
9.6.1 BaoMinh Insurance Corporation – key facts
9.6.2 BaoMinh Insurance Corporation – key financials
9.7 Petrolimex Joint-Stock Insurance Company – Company Overview
9.7.1 Petrolimex Joint-Stock Insurance Company – key facts
9.7.2 Petrolimex Joint-Stock Insurance Company – key financials
9.8 Post and Telecommunication Insurance Vietnam – Company Overview
9.8.1 Post and Telecommunication Insurance Vietnam – key facts
9.9 BIDV Insurance Corporation – Company Overview
9.9.1 BIDV Insurance Corporation – key facts
9.1 Samsung Vina Insurance Company – Company Overview
9.10.1 Samsung Vina Insurance Company – key facts
9.11 MSIG Insurance (Vietnam) Company Limited – Company Overview
9.11.1 MSIG Insurance (Vietnam) Company Limited – key facts
9.12 Fubon Insurance Vietnam – Company Overview
9.12.1 Fubon Insurance Vietnam – key facts
10 BUSINESS ENVIRONMENT AND COUNTRY RISK
10.1 Business Confidence
10.1.1 Market capitalization trend – Ho Chi Minh City Stock Exchange, Vietnam
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollars)
10.2.2 GDP per capita at constant prices (US dollars)
10.2.3 GDP at current prices (US dollars)
10.2.4 GDP per capita at current prices (US dollars)
10.2.5 GDP split by key sectors
10.2.6 Agriculture net output at current prices (Vietnam Dong)
10.2.7 Agriculture net output at current prices (US dollars)
10.2.8 Agriculture net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (Vietnam Dong)
10.2.10 Manufacturing net output at current prices (US dollars)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (Vietnam Dong)
10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
10.2.15 Construction net output at current prices (Vietnam Dong)
10.2.16 Construction net output at current prices as a percentage of GDP
10.2.17 Construction net output at current prices (US dollars)
10.2.18 Inflation rate
10.2.19 Current account balance as a percentage of GDP
10.2.20 Exports growth
10.2.21 Imports growth
10.2.22 External debt as a percentage of GDP
10.2.23 Annual average exchange rate US$–VND
10.2.24 End of period exchange rate US$–VND
10.3 Infrastructure Quality and Availability
10.3.1 Railways and roads
10.3.2 Passenger vehicle registration
10.3.3 Commercial vehicle production
10.3.4 Healthcare expenditure
10.3.5 Healthcare expenditure as a percentage of GDP
10.3.6 Healthcare per capita expenditure
10.3.7 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Females as a percentage of the total population
10.5.6 Males as a percentage of the total population
10.5.7 Median age of population
10.5.8 Population density
10.5.9 Age distribution of the total population
10.5.10 Age distribution of the male population
10.5.11 Age distribution of the female population
10.5.12 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism Index
10.6.3 Transparency index
11 APPENDIX
11.1 Methodology
11.1 Contact Us
11.2 About Timetric
11.3 Disclaimer
LIST OF TABLES
Table 1: Insurance Industry Definitions
Table 2: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2007–2011
Table 3: Vietnamese Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2011–2016
Table 5: Vietnamese Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Vietnamese Insurance Segmentation (% Share), 2007–2016
Table 7: Vietnamese Non-Life Insurance Written Premium by Category (VND Billion), 2007–2011
Table 8: Vietnamese Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Vietnamese Non-Life Insurance Written Premium by Category (VND Billion), 2011–2016
Table 10: Vietnamese Non-Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2007–2011
Table 12: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2011–2016
Table 13: Vietnamese Non-Life Insurance – Paid Claims by Category (VND Billion), 2007–2011
Table 14: Vietnamese Non-Life Insurance – Paid Claims by Category (US$ Billion), 2007–2011
Table 15: Vietnamese Non-Life Insurance – Paid Claims by Category (VND Billion), 2011–2016
Table 16: Vietnamese Non-Life Insurance – Paid Claims by Category (US$ Billion), 2011–2016
Table 17: Vietnamese Non-Life Insurance – Incurred Loss by Category (VND Billion), 2007–2011
Table 18: Vietnamese Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2007–2011
Table 19: Vietnamese Non-Life Insurance – Incurred Loss by Category (VND Billion), 2011–2016
Table 20: Vietnamese Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2011–2016
Table 21: Vietnamese Non-Life Insurance – Loss Ratio (%), 2007–2011
Table 22: Vietnamese Non-Life Insurance – Loss Ratio (%), 2011–2016
Table 23: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2007–2011
Table 24: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2011–2016
Table 25: Vietnamese Non-Life Insurance – Combined Ratio (%), 2007–2011
Table 26: Vietnamese Non-Life Insurance – Combined Ratio (%), 2011–2016
Table 27: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2007–2011
Table 28: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2011–2016
Table 29: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2007–2011
Table 30: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2011–2016
Table 31: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2007–2011
Table 32: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2011–2016
Table 33: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2007–2011
Table 34: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2011–2016
Table 35: Vietnamese Property Insurance Written Premium by Sub-Category (VND Billion), 2007–2011
Table 36: Vietnamese Property Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 37: Vietnamese Property Insurance Written Premium by Sub-Category (VND Billion), 2011–2016
Table 38: Vietnamese Property Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 39: Vietnamese Property Insurance Category – Loss Ratio (%), 2007–2011
Table 40: Vietnamese Property Insurance Category – Loss Ratio (%), 2011–2016
Table 41: Vietnamese Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 42: Vietnamese Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 43: Vietnamese Fire and Allied Perils Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 44: Vietnamese Fire and Allied Perils Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 45: Vietnamese Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 46: Vietnamese Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 47: Vietnamese Engineering Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 48: Vietnamese Engineering Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 49: Vietnamese Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 50: Vietnamese Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 51: Vietnamese Agriculture Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 52: Vietnamese Agriculture Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 53: Vietnamese Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 54: Vietnamese Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 55: Vietnamese Other Property Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 56: Vietnamese Other Property Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 57: Vietnamese Motor Insurance Written Premium by Sub-Category (VND Billion), 2007–2011
Table 58: Vietnamese Motor Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 59: Vietnamese Motor Insurance Written Premium by Sub-Category (VND Billion), 2011–2016
Table 60: Vietnamese Motor Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 61: Vietnamese Motor Insurance Category – Loss Ratio (%), 2007–2011
Table 62: Vietnamese Motor Insurance Category – Loss Ratio (%), 2011–2016
Table 63: Vietnamese Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 64: Vietnamese Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 65: Vietnamese Motor Hull Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 66: Vietnamese Motor Hull Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 67: Vietnamese Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 68: Vietnamese Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 69: Vietnamese Motor Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 70: Vietnamese Motor Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 71: Vietnamese General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2007–2011
Table 72: Vietnamese General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2011–2016
Table 73: Vietnamese General Third-Party Insurance Category by Written Premium (VND Billion), 2007–2011
Table 74: Vietnamese General Third-Party Insurance Category by Written Premium (VND Billion), 2011–2016
Table 75: Vietnamese General Third-Party Insurance Category – Loss Ratio (%), 2007–2011
Table 76: Vietnamese General Third-Party Insurance Category – Loss Ratio (%), 2011–2016
Table 77: Vietnamese Marine, Aviation and Transit Insurance Written Premium by Sub-Category (VND Billion), 2007–2011
Table 78: Vietnamese Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 79: Vietnamese Marine, Aviation and Transit Insurance Written Premium by Sub-Category (VND Billion), 2011–2016
Table 80: Vietnamese Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 81: Vietnamese Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2007–2011
Table 82: Vietnamese Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2011–2016
Table 83: Vietnamese Marine Insurance Written Premium by Sub-Category (VND Billion), 2007–2011
Table 84: Vietnamese Marine Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 85: Vietnamese Marine Insurance Written Premium by Sub-Category (VND Billion), 2011–2016
Table 86: Vietnamese Marine Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 87: Vietnamese Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 88: Vietnamese Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 89: Vietnamese Marine Hull Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 90: Vietnamese Marine Hull Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 91: Vietnamese Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 92: Vietnamese Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 93: Vietnamese Marine Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 94: Vietnamese Marine Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 95: Vietnamese Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 96: Vietnamese Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 97: Vietnamese Aviation Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 98: Vietnamese Aviation Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 99: Vietnamese Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 100: Vietnamese Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
...
LIST OF FIGURES
Figure 1: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2007–2016
Figure 2: Vietnamese Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Vietnamese Non-Life Insurance Written Premium by Category (VND Billion), 2007–2016
Figure 4: Vietnamese Non-Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Vietnamese Non-Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2007–2011
Figure 7: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2011–2016
Figure 8: Vietnamese Non-Life Insurance – Paid Claims by Category (VND Billion), 2007–2016
Figure 9: Vietnamese Non-Life Insurance – Incurred Loss by Category (VND Billion), 2007–2016
Figure 10: Vietnamese Non-Life Insurance – Loss Ratio (%), 2007–2011
Figure 11: Vietnamese Non-Life Insurance – Loss Ratio (%), 2011–2016
Figure 12: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2007–2011
Figure 13: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2011–2016
Figure 14: Vietnamese Non-Life Insurance – Combined Ratio (%), 2007–2011
Figure 15: Vietnamese Non-Life Insurance – Combined Ratio (%), 2011–2016
Figure 16: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2007–2011
Figure 17: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2011–2016
Figure 18: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2007–2011
Figure 19: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2011–2016
Figure 20: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2007–2011
Figure 21: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2011–2016
Figure 22: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2007–2011
Figure 23: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2011–2016
Figure 24: Vietnamese Non-Life Insurance – Investment Portfolio (VND Billion), 2007–2011
Figure 25: Vietnamese Non-Life Insurance – Investment Portfolio (% Share), 2007 and 2011
Figure 26: Vietnamese Non-Life Insurance Penetration (% of GDP), 2007–2011
Figure 27: Vietnamese Non-Life Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 28: Vietnamese Non-Life Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 29: Vietnamese Non-Life Insurance – Premium Per Capita (VND), 2007–2011
Figure 30: Vietnamese Property Insurance Written Premium (VND Billion) by Sub-Category, 2007–2016
Figure 31: Vietnamese Property Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 32: Vietnamese Property Insurance Category – Loss Ratio (%), 2007–2011
Figure 33: Vietnamese Property Insurance Category – Loss Ratio (%), 2011–2016
Figure 34: Vietnamese Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 35: Vietnamese Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 36: Vietnamese Fire and Allied Perils Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 37: Vietnamese Fire and Allied Perils Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 38: Vietnamese Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 39: Vietnamese Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 40: Vietnamese Engineering Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 41: Vietnamese Engineering Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 42: Vietnamese Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 43: Vietnamese Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 44: Vietnamese Agriculture Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 45: Vietnamese Agriculture Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 46: Vietnamese Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 47: Vietnamese Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 48: Vietnamese Other Property Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 49: Vietnamese Other Property Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 50: Vietnamese Motor Insurance Written Premium and by Sub-Category (VND Billion), 2007–2016
Figure 51: Vietnamese Motor Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 52: Vietnamese Motor Insurance Category – Loss Ratio (%), 2007–2011
Figure 53: Vietnamese Motor Insurance Category – Loss Ratio (%), 2011–2016
Figure 54: Vietnamese Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 55: Vietnamese Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 56: Vietnamese Motor Hull Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 57: Vietnamese Motor Hull Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 58: Vietnamese Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 59: Vietnamese Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 60: Vietnamese Motor Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 61: Vietnamese Motor Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 62: Vietnamese General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2007–2011
Figure 63: Vietnamese General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2011–2016
Figure 64: Vietnamese General Third-Party Insurance Category by Written Premium (VND Billion), 2007–2011
Figure 65: Vietnamese General Third-Party Insurance Category by Written Premium (VND Billion), 2011–2016
Figure 66: Vietnamese General Third-Party Insurance Category – Loss Ratio (%), 2007–2011
Figure 67: Vietnamese General Third-Party Insurance Category – Loss Ratio (%), 2011–2016
Figure 68: Vietnamese Marine, Aviation and Transit Insurance Written Premium (VND Billion) by Sub-Category, 2007–2016
Figure 69: Vietnamese Marine, Aviation and Transit Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 70: Vietnamese Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2007–2011
Figure 71: Vietnamese Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2011–2016
Figure 72: Vietnamese Marine Insurance Written Premium by Sub-Category (VND Billion), 2007–2016
Figure 73: Vietnamese Marine Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 74: Vietnamese Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 75: Vietnamese Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 76: Vietnamese Marine Hull Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 77: Vietnamese Marine Hull Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 78: Vietnamese Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 79: Vietnamese Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 80: Vietnamese Marine Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 81: Vietnamese Marine Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 82: Vietnamese Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 83: Vietnamese Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 84: Vietnamese Aviation Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 85: Vietnamese Aviation Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 86: Vietnamese Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 87: Vietnamese Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 88: Vietnamese Transit Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 89: Vietnamese Transit Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 90: Vietnamese Non-Life Insurance Written Premium by Distribution Channel (% Share), 2011 and 2016
Figure 91: Vietnamese Non-Life Insurance – Direct Marketing Commission Paid (VND Billion), 2007–2011
Figure 92: Vietnamese Non-Life Insurance – Direct Marketing Commission Paid (VND Billion), 2011–2016
Figure 93: Vietnamese Non-Life Insurance – Written Premium Through Direct Marketing (VND Billion), 2007–2011
Figure 94: Vietnamese Non-Life Insurance – Written Premium Through Direct Marketing (VND Billion), 2011–2016
Figure 95: Vietnamese Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Figure 96: Vietnamese Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Figure 97: Vietnamese Non-Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 98: Vietnamese Non-Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 99: Vietnamese Non-Life Insurance – Bancassurance Commission Paid (VND Billion), 2007–2011
Figure 100: Vietnamese Non-Life Insurance – Bancassurance Commission Paid (VND Billion), 2011–2016
...
COMPANIES MENTIONED
PVI Insurance Corporation
BaoMinh Insurance Corporation
Petrolimex Joint-Stock Insurance Company
Post and Telecommunication Insurance Vietnam
BIDV Insurance Corporation
Samsung Vina Insurance Company
MSIG Insurance (Vietnam) Company Limited
Fubon Insurance Vietnam
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 VIETNAMESE INSURANCE INDUSTRY ATTRACTIVENESS
3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 NON-LIFE INSURANCE SEGMENT OUTLOOK
4.1 Non-Life Insurance Growth Prospects by Category
4.1.1 Property insurance category
4.1.2 Fire and allied perils insurance sub-category
4.1.3 Engineering insurance sub-category
4.1.4 Agriculture insurance sub-category
4.1.5 Other property sub-category
4.2 Motor Insurance Category
4.2.1 Motor hull sub-category
4.2.2 Motor third-party sub-category
4.3 General Third-Party Category
4.4 Marine, Aviation and Transit Category
4.4.1 Marine sub-category
4.4.2 Marine hull sub-category
4.4.3 Marine third-party sub-category
4.4.4 Aviation sub-category
4.4.5 Transit sub-category
5 ANALYSIS BY DISTRIBUTION CHANNELS
5.1 Direct Marketing Channel
5.2 Bancassurance Channel
5.3 Agencies Channel
5.4 E-Commerce Channel
5.5 Brokers Channel
5.6 Other Channels
6 REGULATORY POLICIES
7 PORTER’S FIVE FORCES ANALYSIS – VIETNAM NON-LIFE INSURANCE MARKET
7.1 Bargaining Power of Suppliers: Low to Medium
7.2 Bargaining Power of Buyers: Medium
7.3 Barriers to Entry: Medium
7.4 Intensity of Rivalry: High
7.5 Threat of Substitutes: Low
8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES
8.1 Reinsurance Market Size, 2007–2016
8.2 Reinsurance Market Size by Type Of Insurance, 2007–2016
9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
9.1 Overview
9.2 Leading Companies in the Vietnam Non-Life Insurance Segment
9.3 Comparison of Top-Four Insurers
9.3.1 Gross written premium
9.4 Bao Viet Insurance – Company Overview
9.4.1 Bao Viet Insurance – key facts
9.4.2 Bao Viet Insurance – key financials
9.5 PVI Insurance Corporation – Company Overview
9.5.1 PVI Insurance Corporation – key facts
9.5.2 PVI Insurance Corporation – key financials
9.6 BaoMinh Insurance Corporation – Company Overview
9.6.1 BaoMinh Insurance Corporation – key facts
9.6.2 BaoMinh Insurance Corporation – key financials
9.7 Petrolimex Joint-Stock Insurance Company – Company Overview
9.7.1 Petrolimex Joint-Stock Insurance Company – key facts
9.7.2 Petrolimex Joint-Stock Insurance Company – key financials
9.8 Post and Telecommunication Insurance Vietnam – Company Overview
9.8.1 Post and Telecommunication Insurance Vietnam – key facts
9.9 BIDV Insurance Corporation – Company Overview
9.9.1 BIDV Insurance Corporation – key facts
9.1 Samsung Vina Insurance Company – Company Overview
9.10.1 Samsung Vina Insurance Company – key facts
9.11 MSIG Insurance (Vietnam) Company Limited – Company Overview
9.11.1 MSIG Insurance (Vietnam) Company Limited – key facts
9.12 Fubon Insurance Vietnam – Company Overview
9.12.1 Fubon Insurance Vietnam – key facts
10 BUSINESS ENVIRONMENT AND COUNTRY RISK
10.1 Business Confidence
10.1.1 Market capitalization trend – Ho Chi Minh City Stock Exchange, Vietnam
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollars)
10.2.2 GDP per capita at constant prices (US dollars)
10.2.3 GDP at current prices (US dollars)
10.2.4 GDP per capita at current prices (US dollars)
10.2.5 GDP split by key sectors
10.2.6 Agriculture net output at current prices (Vietnam Dong)
10.2.7 Agriculture net output at current prices (US dollars)
10.2.8 Agriculture net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (Vietnam Dong)
10.2.10 Manufacturing net output at current prices (US dollars)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (Vietnam Dong)
10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
10.2.15 Construction net output at current prices (Vietnam Dong)
10.2.16 Construction net output at current prices as a percentage of GDP
10.2.17 Construction net output at current prices (US dollars)
10.2.18 Inflation rate
10.2.19 Current account balance as a percentage of GDP
10.2.20 Exports growth
10.2.21 Imports growth
10.2.22 External debt as a percentage of GDP
10.2.23 Annual average exchange rate US$–VND
10.2.24 End of period exchange rate US$–VND
10.3 Infrastructure Quality and Availability
10.3.1 Railways and roads
10.3.2 Passenger vehicle registration
10.3.3 Commercial vehicle production
10.3.4 Healthcare expenditure
10.3.5 Healthcare expenditure as a percentage of GDP
10.3.6 Healthcare per capita expenditure
10.3.7 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Females as a percentage of the total population
10.5.6 Males as a percentage of the total population
10.5.7 Median age of population
10.5.8 Population density
10.5.9 Age distribution of the total population
10.5.10 Age distribution of the male population
10.5.11 Age distribution of the female population
10.5.12 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism Index
10.6.3 Transparency index
11 APPENDIX
11.1 Methodology
11.1 Contact Us
11.2 About Timetric
11.3 Disclaimer
LIST OF TABLES
Table 1: Insurance Industry Definitions
Table 2: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2007–2011
Table 3: Vietnamese Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2011–2016
Table 5: Vietnamese Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Vietnamese Insurance Segmentation (% Share), 2007–2016
Table 7: Vietnamese Non-Life Insurance Written Premium by Category (VND Billion), 2007–2011
Table 8: Vietnamese Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Vietnamese Non-Life Insurance Written Premium by Category (VND Billion), 2011–2016
Table 10: Vietnamese Non-Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2007–2011
Table 12: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2011–2016
Table 13: Vietnamese Non-Life Insurance – Paid Claims by Category (VND Billion), 2007–2011
Table 14: Vietnamese Non-Life Insurance – Paid Claims by Category (US$ Billion), 2007–2011
Table 15: Vietnamese Non-Life Insurance – Paid Claims by Category (VND Billion), 2011–2016
Table 16: Vietnamese Non-Life Insurance – Paid Claims by Category (US$ Billion), 2011–2016
Table 17: Vietnamese Non-Life Insurance – Incurred Loss by Category (VND Billion), 2007–2011
Table 18: Vietnamese Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2007–2011
Table 19: Vietnamese Non-Life Insurance – Incurred Loss by Category (VND Billion), 2011–2016
Table 20: Vietnamese Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2011–2016
Table 21: Vietnamese Non-Life Insurance – Loss Ratio (%), 2007–2011
Table 22: Vietnamese Non-Life Insurance – Loss Ratio (%), 2011–2016
Table 23: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2007–2011
Table 24: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2011–2016
Table 25: Vietnamese Non-Life Insurance – Combined Ratio (%), 2007–2011
Table 26: Vietnamese Non-Life Insurance – Combined Ratio (%), 2011–2016
Table 27: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2007–2011
Table 28: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2011–2016
Table 29: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2007–2011
Table 30: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2011–2016
Table 31: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2007–2011
Table 32: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2011–2016
Table 33: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2007–2011
Table 34: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2011–2016
Table 35: Vietnamese Property Insurance Written Premium by Sub-Category (VND Billion), 2007–2011
Table 36: Vietnamese Property Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 37: Vietnamese Property Insurance Written Premium by Sub-Category (VND Billion), 2011–2016
Table 38: Vietnamese Property Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 39: Vietnamese Property Insurance Category – Loss Ratio (%), 2007–2011
Table 40: Vietnamese Property Insurance Category – Loss Ratio (%), 2011–2016
Table 41: Vietnamese Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 42: Vietnamese Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 43: Vietnamese Fire and Allied Perils Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 44: Vietnamese Fire and Allied Perils Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 45: Vietnamese Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 46: Vietnamese Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 47: Vietnamese Engineering Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 48: Vietnamese Engineering Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 49: Vietnamese Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 50: Vietnamese Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 51: Vietnamese Agriculture Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 52: Vietnamese Agriculture Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 53: Vietnamese Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 54: Vietnamese Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 55: Vietnamese Other Property Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 56: Vietnamese Other Property Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 57: Vietnamese Motor Insurance Written Premium by Sub-Category (VND Billion), 2007–2011
Table 58: Vietnamese Motor Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 59: Vietnamese Motor Insurance Written Premium by Sub-Category (VND Billion), 2011–2016
Table 60: Vietnamese Motor Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 61: Vietnamese Motor Insurance Category – Loss Ratio (%), 2007–2011
Table 62: Vietnamese Motor Insurance Category – Loss Ratio (%), 2011–2016
Table 63: Vietnamese Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 64: Vietnamese Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 65: Vietnamese Motor Hull Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 66: Vietnamese Motor Hull Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 67: Vietnamese Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 68: Vietnamese Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 69: Vietnamese Motor Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 70: Vietnamese Motor Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 71: Vietnamese General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2007–2011
Table 72: Vietnamese General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2011–2016
Table 73: Vietnamese General Third-Party Insurance Category by Written Premium (VND Billion), 2007–2011
Table 74: Vietnamese General Third-Party Insurance Category by Written Premium (VND Billion), 2011–2016
Table 75: Vietnamese General Third-Party Insurance Category – Loss Ratio (%), 2007–2011
Table 76: Vietnamese General Third-Party Insurance Category – Loss Ratio (%), 2011–2016
Table 77: Vietnamese Marine, Aviation and Transit Insurance Written Premium by Sub-Category (VND Billion), 2007–2011
Table 78: Vietnamese Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 79: Vietnamese Marine, Aviation and Transit Insurance Written Premium by Sub-Category (VND Billion), 2011–2016
Table 80: Vietnamese Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 81: Vietnamese Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2007–2011
Table 82: Vietnamese Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2011–2016
Table 83: Vietnamese Marine Insurance Written Premium by Sub-Category (VND Billion), 2007–2011
Table 84: Vietnamese Marine Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 85: Vietnamese Marine Insurance Written Premium by Sub-Category (VND Billion), 2011–2016
Table 86: Vietnamese Marine Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 87: Vietnamese Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 88: Vietnamese Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 89: Vietnamese Marine Hull Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 90: Vietnamese Marine Hull Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 91: Vietnamese Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 92: Vietnamese Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 93: Vietnamese Marine Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 94: Vietnamese Marine Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 95: Vietnamese Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 96: Vietnamese Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Table 97: Vietnamese Aviation Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Table 98: Vietnamese Aviation Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Table 99: Vietnamese Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Table 100: Vietnamese Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
...
LIST OF FIGURES
Figure 1: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2007–2016
Figure 2: Vietnamese Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Vietnamese Non-Life Insurance Written Premium by Category (VND Billion), 2007–2016
Figure 4: Vietnamese Non-Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Vietnamese Non-Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2007–2011
Figure 7: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2011–2016
Figure 8: Vietnamese Non-Life Insurance – Paid Claims by Category (VND Billion), 2007–2016
Figure 9: Vietnamese Non-Life Insurance – Incurred Loss by Category (VND Billion), 2007–2016
Figure 10: Vietnamese Non-Life Insurance – Loss Ratio (%), 2007–2011
Figure 11: Vietnamese Non-Life Insurance – Loss Ratio (%), 2011–2016
Figure 12: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2007–2011
Figure 13: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2011–2016
Figure 14: Vietnamese Non-Life Insurance – Combined Ratio (%), 2007–2011
Figure 15: Vietnamese Non-Life Insurance – Combined Ratio (%), 2011–2016
Figure 16: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2007–2011
Figure 17: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2011–2016
Figure 18: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2007–2011
Figure 19: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2011–2016
Figure 20: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2007–2011
Figure 21: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2011–2016
Figure 22: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2007–2011
Figure 23: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2011–2016
Figure 24: Vietnamese Non-Life Insurance – Investment Portfolio (VND Billion), 2007–2011
Figure 25: Vietnamese Non-Life Insurance – Investment Portfolio (% Share), 2007 and 2011
Figure 26: Vietnamese Non-Life Insurance Penetration (% of GDP), 2007–2011
Figure 27: Vietnamese Non-Life Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 28: Vietnamese Non-Life Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 29: Vietnamese Non-Life Insurance – Premium Per Capita (VND), 2007–2011
Figure 30: Vietnamese Property Insurance Written Premium (VND Billion) by Sub-Category, 2007–2016
Figure 31: Vietnamese Property Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 32: Vietnamese Property Insurance Category – Loss Ratio (%), 2007–2011
Figure 33: Vietnamese Property Insurance Category – Loss Ratio (%), 2011–2016
Figure 34: Vietnamese Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 35: Vietnamese Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 36: Vietnamese Fire and Allied Perils Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 37: Vietnamese Fire and Allied Perils Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 38: Vietnamese Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 39: Vietnamese Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 40: Vietnamese Engineering Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 41: Vietnamese Engineering Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 42: Vietnamese Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 43: Vietnamese Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 44: Vietnamese Agriculture Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 45: Vietnamese Agriculture Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 46: Vietnamese Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 47: Vietnamese Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 48: Vietnamese Other Property Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 49: Vietnamese Other Property Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 50: Vietnamese Motor Insurance Written Premium and by Sub-Category (VND Billion), 2007–2016
Figure 51: Vietnamese Motor Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 52: Vietnamese Motor Insurance Category – Loss Ratio (%), 2007–2011
Figure 53: Vietnamese Motor Insurance Category – Loss Ratio (%), 2011–2016
Figure 54: Vietnamese Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 55: Vietnamese Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 56: Vietnamese Motor Hull Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 57: Vietnamese Motor Hull Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 58: Vietnamese Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 59: Vietnamese Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 60: Vietnamese Motor Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 61: Vietnamese Motor Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 62: Vietnamese General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2007–2011
Figure 63: Vietnamese General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2011–2016
Figure 64: Vietnamese General Third-Party Insurance Category by Written Premium (VND Billion), 2007–2011
Figure 65: Vietnamese General Third-Party Insurance Category by Written Premium (VND Billion), 2011–2016
Figure 66: Vietnamese General Third-Party Insurance Category – Loss Ratio (%), 2007–2011
Figure 67: Vietnamese General Third-Party Insurance Category – Loss Ratio (%), 2011–2016
Figure 68: Vietnamese Marine, Aviation and Transit Insurance Written Premium (VND Billion) by Sub-Category, 2007–2016
Figure 69: Vietnamese Marine, Aviation and Transit Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 70: Vietnamese Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2007–2011
Figure 71: Vietnamese Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2011–2016
Figure 72: Vietnamese Marine Insurance Written Premium by Sub-Category (VND Billion), 2007–2016
Figure 73: Vietnamese Marine Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 74: Vietnamese Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 75: Vietnamese Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 76: Vietnamese Marine Hull Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 77: Vietnamese Marine Hull Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 78: Vietnamese Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 79: Vietnamese Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 80: Vietnamese Marine Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 81: Vietnamese Marine Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 82: Vietnamese Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 83: Vietnamese Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 84: Vietnamese Aviation Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 85: Vietnamese Aviation Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 86: Vietnamese Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011
Figure 87: Vietnamese Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016
Figure 88: Vietnamese Transit Insurance Sub-Category – Written Premium (VND Billion), 2007–2011
Figure 89: Vietnamese Transit Insurance Sub-Category – Written Premium (VND Billion), 2011–2016
Figure 90: Vietnamese Non-Life Insurance Written Premium by Distribution Channel (% Share), 2011 and 2016
Figure 91: Vietnamese Non-Life Insurance – Direct Marketing Commission Paid (VND Billion), 2007–2011
Figure 92: Vietnamese Non-Life Insurance – Direct Marketing Commission Paid (VND Billion), 2011–2016
Figure 93: Vietnamese Non-Life Insurance – Written Premium Through Direct Marketing (VND Billion), 2007–2011
Figure 94: Vietnamese Non-Life Insurance – Written Premium Through Direct Marketing (VND Billion), 2011–2016
Figure 95: Vietnamese Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Figure 96: Vietnamese Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Figure 97: Vietnamese Non-Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 98: Vietnamese Non-Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 99: Vietnamese Non-Life Insurance – Bancassurance Commission Paid (VND Billion), 2007–2011
Figure 100: Vietnamese Non-Life Insurance – Bancassurance Commission Paid (VND Billion), 2011–2016
...
COMPANIES MENTIONED
PVI Insurance Corporation
BaoMinh Insurance Corporation
Petrolimex Joint-Stock Insurance Company
Post and Telecommunication Insurance Vietnam
BIDV Insurance Corporation
Samsung Vina Insurance Company
MSIG Insurance (Vietnam) Company Limited
Fubon Insurance Vietnam