Non-Life Insurance in Vietnam, Key Trends and Opportunities to 2017

Date: November 28, 2013
Pages: 268
Price:
US$ 1,950.00
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Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: NE61DBCEA48EN
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Non-Life Insurance in Vietnam, Key Trends and Opportunities to 2017
SYNOPSIS

The report provides in depth market analysis, information and insights into the Vietnamese non-life insurance segment, including:
  • The Vietnamese non-life insurance segment’s growth prospects by non-life insurance categories
  • Key trends and drivers for the non-life insurance segment
  • The various distribution channels in the Vietnamese non-life insurance segment
  • Detailed competitive landscape in the non-life insurance segment in Vietnam
  • Detailed regulatory framework of the Vietnamese insurance industry
  • A description of the non-life reinsurance segment in Vietnam
  • Porter's Five Forces Analysis of the non-life insurance segment
  • Benchmarking section on the Vietnamese non-life insurance segment in comparison to other countries in the South-East Asian region
SUMMARY

The Vietnamese non-life insurance segment grew in value terms from VND9.3 trillion (US$569.3 million) in 2008 to VND18.7 trillion (US$896.7 million) in 2012, at a compound annual growth rate (CAGR) of 19.2% during the review period (2008–2012). This was supported by the country’s robust economic growth, expanding automobile industry, increasing middle-class population and governmental initiatives on agricultural insurance. Over the forecast period (2012–2017), growth is anticipated to be driven by the development of the country’s automobile, real estate and construction markets. Motor insurance was the largest category in the non-life insurance segment in 2012, followed by marine, aviation and transit insurance. Demographic shifts in terms of income, and the switch from bicycle to motorcycle as the preferred method of transport, will support the growth of motor insurance. Furthermore, motor third-party liability insurance is now compulsory in Vietnam.

SCOPE

This report provides a comprehensive analysis of the non-life insurance segment in Vietnam:
  • It provides historical values for Vietnam’s non-life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
  • It offers a detailed analysis of the key sub-segments in Vietnam’s non-life insurance segment, along with market forecasts until 2017
  • 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 segment
  • It provides a detailed analysis of the reinsurance segment in Vietnam and its growth prospects
  • It profiles the top non-life insurance companies in Vietnam and outlines the key regulations affecting them
REASONS TO BUY
  • Make strategic business decisions using in depth historic and forecast market data related to the Vietnamese non-life insurance segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Vietnamese non-life insurance segment
  • Assess the competitive dynamics in the non-life insurance segment, 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 industry and its impact on companies and the market's future
KEY HIGHLIGHTS
  • The Vietnamese non-life insurance segment was supported by the country’s robust economic growth, expanding automobile industry, increasing middle-class population and governmental initiatives on agricultural insurance
  • Motor insurance was the largest category in the non-life insurance segment in 2012, followed by marine, aviation and transit insurance
  • Over the forecast period (2012–2017), growth is anticipated to be driven by the development of the country’s automobile, real estate and construction markets
  • The non-life segment is highly competitive, with the 10-leading companies collectively accounting for 82.6% of the segment’s written premiums in 2012
  • Agents form the leading distribution network for non-life insurance products. The number of policies distributed by the agency network increased from 14.4 million in 2011 to 145.1 million in 2012
1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 REGIONAL MARKET DYNAMICS

3.1 Overview
3.2 Market Trends
3.3 Market Size

4 NON-LIFE INSURANCE SEGMENT – REGIONAL BENCHMARKING

4.1 Scale and Penetration
  4.1.1 Total segment gross written premium
  4.1.2 Premium per capita
  4.1.3 Non-life insurance penetration as a percentage of GDP
4.2 Growth
  4.2.1 Gross written premium
  4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
  4.3.1 Loss ratio
  4.3.2 Combined ratio
  4.3.3 Incurred losses per capita
  4.3.4 Incurred losses as a share of GDP

5 VIETNAMESE INSURANCE INDUSTRY ATTRACTIVENESS

5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends and Drivers

6 NON-LIFE INSURANCE OUTLOOK

6.1 Non-Life Insurance Growth Prospects by Category
  6.1.1 Property insurance
  6.1.2 Fire and allied perils insurance
  6.1.3 Engineering insurance
  6.1.4 Agriculture insurance
  6.1.5 Other property insurance
6.2 Motor Insurance
  6.2.1 Motor hull
  6.2.2 Motor third-party
6.3 General Third-Party Insurance
6.4 Marine, Aviation and Transit Insurance
  6.4.1 Marine insurance
  6.4.2 Marine hull
  6.4.3 Marine third-party
  6.4.4 Aviation insurance
  6.4.5 Transit insurance

7 ANALYSIS BY DISTRIBUTION CHANNELS

7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-Commerce
7.5 Brokers

8 PORTER’S FIVE FORCES ANALYSIS – VIETNAMESE NON-LIFE INSURANCE

8.1 Bargaining Power of Supplier: Low
8.2 Bargaining Power of Buyer: Medium
8.3 Barriers to Entry: Medium
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Low

9 REINSURANCE GROWTH DYNAMICS AND CHALLENGES

9.1 Reinsurance segment size, 2008–2017
9.2 Reinsurance segment size by type of insurance, 2008–2017

10 GOVERNANCE, RISK AND COMPLIANCE

10.1 Legislation Overview and Historical Evolution
10.2 Legislation and Market Practice by Type of Insurance
  10.2.1 Life insurance
  10.2.2 Property insurance
  10.2.3 Motor insurance
  10.2.4 Marine, aviation and transit insurance
  10.2.5 Personal accident and health insurance
10.3 Compulsory Insurance
  10.3.1 Motor third-party liability insurance
  10.3.2 Social insurance
  10.3.3 Aviation third-party liability insurance
10.4 Supervision and Control
  10.4.1 International Association of Insurance Supervisors (IAIS)
  10.4.2 Ministry of Finance (MOF)
  10.4.3 Insurance Supervisory Authority (ISA)
10.5 Non-Admitted Insurance Regulations
  10.5.1 Overview
  10.5.2 Intermediaries
  10.5.3 Market practices
  10.5.4 Fines and penalties
10.6 Company Registration and Operations
  10.6.1 Types of insurance organization
  10.6.2 Establishing a domestic company
  10.6.3 Foreign ownership
  10.6.4 Types of license
  10.6.5 Capital requirements
  10.6.6 Solvency margins
  10.6.7 Reserve requirements
  10.6.8 Investment regulations
  10.6.9 Statutory return requirements
  10.6.10 Fee structure
10.7 Taxation
  10.7.1 Insurance premium or policy taxation
  10.7.2 Withholding taxes on premium paid overseas
  10.7.3 Corporate tax
  10.7.4 VAT
  10.7.5 Captives
10.8 Legal System
  10.8.1 Introduction
  10.8.2 Access to court
  10.8.3 Alternative dispute resolution (ADR)

11 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

11.1 Overview
11.2 Leading Companies in the Vietnam Non-Life Insurance Segment
11.3 Comparison of Top Five Insurers
  11.3.1 Gross written premium
  11.3.2 Gross claims
  11.3.3 Paid claims
11.4 Bao Viet Holdings – Company Overview
  11.4.1 Bao Viet Holdings – key facts
  11.4.2 Bao Viet Holdings – key financials
11.5 PVI Insurance Corporation – Company Overview
  11.5.1 PVI Insurance Corporation – key facts
  11.5.2 PVI Insurance Corporation Life – key financials
11.6 BaoMinh Insurance Corporation – Company Overview
  11.6.1 BaoMinh Insurance Corporation – key facts
  11.6.2 BaoMinh Insurance Corporation – key financials
11.7 PJICO Insurance Corporation – Company Overview
  11.7.1 PJICO Insurance Corporation – key facts
  11.7.2 PJICO Insurance Corporation – key financials
11.8 Post and Telecommunication Insurance Vietnam – Company Overview
  11.8.1 Post and Telecommunication Insurance Vietnam – key facts
  11.8.2 Post and Telecommunication Insurance Vietnam – key financials
11.9 Samsung Vina Insurance Company – Company Overview
  11.9.1 Samsung Vina Insurance Company – key facts
  11.9.2 Samsung Vina Insurance Company – key financials
11.1 BIDV Insurance Corporation – Company Overview
  11.10.1 BIDV Insurance Corporation – key facts
  11.10.2 BIDV Insurance Corporation – key financials
11.11 Global Insurance Company – Company Overview
  11.11.1 Global Insurance Company– key facts
  11.11.2 Global Insurance Company – key financials
11.12 Military Insurance Company – Company Overview
  11.12.1 Military Insurance Company – key facts
  11.12.2 Military Insurance Company – key financials
11.13 AAA Assurance Corporation – Company Overview
  11.13.1 AAA Assurance Corporation – key facts
  11.13.2 AAA Assurance Corporation – key financials

12 BUSINESS ENVIRONMENT AND COUNTRY RISK

12.1 Business Confidence
  12.1.1 Market capitalization trend – Ho Chi Minh City Stock Exchange, Vietnam
12.2 Economic Performance
  12.2.1 GDP at constant prices (US$)
  12.2.2 GDP per capita at constant prices (US$)
  12.2.3 GDP at current prices (US$)
  12.2.4 GDP per capita at current prices (US$)
  12.2.5 GDP by key segments
  12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
  12.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
  12.2.8 Manufacturing net output at current prices (US$)
  12.2.9 Manufacturing net output at current prices as a percentage of GDP
  12.2.10 Mining, manufacturing and utilities at current prices (US$)
  12.2.11 Mining, manufacturing and utilities at current prices, as a percentage of GDP
  12.2.12 Construction net output at current prices (US$)
  12.2.13 Construction net output at current prices as a percentage of GDP
  12.2.14 Inflation rate
  12.2.15 Exports as a percentage of GDP
  12.2.16 Imports as a percentage of GDP
  12.2.17 Exports growth
  12.2.18 Imports growth
  12.2.19 Annual average exchange rate VND–US$
12.3 Infrastructure Quality and Availability
  12.3.1 Commercial vehicles exports – total value
  12.3.2 Commercial vehicles imports – total value
  12.3.3 Automotive exports – total value
  12.3.4 Automotive imports total value
  12.3.5 Total internet subscribers
12.4 Labor Force
  12.4.1 Labor force
  12.4.2 Unemployment rate
12.5 Demographics
  12.5.1 Household consumption expenditure (US$)
  12.5.2 Total population
  12.5.3 Urban and rural populations
  12.5.4 Age distribution of the total population

13 APPENDIX

13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer

LIST OF TABLES

Table 1: Insurance Industry Definitions
Table 2: Southeast Asia – Life Expectancy, 2000 and 2012
Table 3: Vietnamese Insurance – Overall Written Premium by Segment (VND Billion), 2008–2012
Table 4: Vietnamese Insurance – Overall Written Premium by Segment (US$ Million), 2008–2012
Table 5: Vietnamese Insurance – Overall Written Premium by Segment (VND Billion), 2012–2017
Table 6: Vietnamese Insurance – Overall Written Premium by Segment (US$ Million), 2012–2017
Table 7: Vietnamese Insurance – Segmentation (Percentage Share), 2008–2017
Table 8: Vietnamese Non-Life Insurance – Written Premium by Category (VND Billion), 2008–2012
Table 9: Vietnamese Non-Life Insurance – Written Premium by Category (US$ Million), 2008–2012
Table 10: Vietnamese Non-Life Insurance – Written Premium by Category (VND Billion), 2012–2017
Table 11: Vietnamese Non-Life Insurance – Written Premium by Category (US$ Million), 2012–2017
Table 12: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2008–2012
Table 13: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2012–2017
Table 14: Vietnamese Non-Life Insurance – Paid Claims by Category (VND Billion), 2008–2012
Table 15: Vietnamese Non-Life Insurance – Paid Claims by Category (US$ Million), 2008–2012
Table 16: Vietnamese Non-Life Insurance – Paid Claims by Category (VND Billion), 2012–2017
Table 17: Vietnamese Non-Life Insurance – Paid Claims by Category (US$ Million), 2012–2017
Table 18: Vietnamese Non-Life Insurance – Incurred Loss by Category (VND Billion), 2008–2012
Table 19: Vietnamese Non-Life Insurance – Incurred Loss by Category (US$ Million), 2008–2012
Table 20: Vietnamese Non-Life Insurance – Incurred Loss by Category (VND Billion), 2012–2017
Table 21: Vietnamese Non-Life Insurance – Incurred Loss by Category (US$ Million), 2012–2017
Table 22: Vietnamese Non-Life Insurance – Loss Ratio (%), 2008–2012
Table 23: Vietnamese Non-Life Insurance – Loss Ratio (%), 2012–2017
Table 24: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2008–2012
Table 25: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2012–2017
Table 26: Vietnamese Non-Life Insurance – Combined Ratio (%), 2008–2012
Table 27: Vietnamese Non-Life Insurance – Combined Ratio (%), 2012–2017
Table 28: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2008–2012
Table 29: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2012–2017
Table 30: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2008–2012
Table 31: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2012–2017
Table 32: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2008–2012
Table 33: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2012–2017
Table 34: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2008–2012
Table 35: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2012–2017
Table 36: Vietnamese Property Insurance – Written Premium by Sub-Category (VND Billion), 2008–2012
Table 37: Vietnamese Property Insurance – Written Premium by Sub-Category (US$ Million), 2008–2012
Table 38: Vietnamese Property Insurance – Written Premium by Sub-Category (VND Billion), 2012–2017
Table 39: Vietnamese Property Insurance – Written Premium by Sub-Category (US$ Million), 2012–2017
Table 40: Vietnamese Property Insurance – Loss Ratio (%), 2008–2012
Table 41: Vietnamese Property Insurance – Loss Ratio (%), 2012–2017
Table 42: Vietnamese Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 43: Vietnamese Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 44: Vietnamese Fire and Allied Perils Insurance – Written Premium (VND Billion), 2008–2012
Table 45: Vietnamese Fire and Allied Perils Insurance – Written Premium (VND Billion), 2012–2017
Table 46: Vietnamese Engineering Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 47: Vietnamese Engineering Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 48: Vietnamese Engineering Insurance – Written Premium (VND Billion), 2008–2012
Table 49: Vietnamese Engineering Insurance – Written Premium (VND Billion), 2012–2017
Table 50: Vietnamese Agriculture Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 51: Vietnamese Agriculture Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 52: Vietnamese Agriculture Insurance – Written Premium (VND Billion), 2008–2012
Table 53: Vietnamese Agriculture Insurance – Written Premium (VND Billion), 2012–2017
Table 54: Vietnamese Other Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 55: Vietnamese Other Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 56: Vietnamese Other Property Insurance – Written Premium (VND Billion), 2008–2012
Table 57: Vietnamese Other Property Insurance – Written Premium (VND Billion), 2012–2017
Table 58: Vietnamese Motor Insurance – Written Premium by Sub-Category (VND Billion), 2008–2012
Table 59: Vietnamese Motor Insurance – Written Premium by Sub-Category (US$ Million), 2008–2012
Table 60: Vietnamese Motor Insurance – Written Premium by Sub-Category (VND Billion), 2012–2017
Table 61: Vietnamese Motor Insurance – Written Premium by Sub-Category (US$ Million), 2012–2017
Table 62: Vietnamese Motor Insurance – Loss Ratio (%), 2008–2012
Table 63: Vietnamese Motor Insurance – Loss Ratio (%), 2012–2017
Table 64: Vietnamese Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 65: Vietnamese Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 66: Vietnamese Motor Hull Insurance – Written Premium (VND Billion), 2008–2012
Table 67: Vietnamese Motor Hull Insurance – Written Premium (VND Billion), 2012–2017
Table 68: Vietnamese Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 69: Vietnamese Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 70: Vietnamese Motor Third-Party Insurance – Written Premium (VND Billion), 2008–2012
Table 71: Vietnamese Motor Third-Party Insurance – Written Premium (VND Billion), 2012–2017
Table 72: Vietnamese General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 73: Vietnamese General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 74: Vietnamese General Third-Party Insurance – Written Premium (VND Billion), 2008–2012
Table 75: Vietnamese General Third-Party Insurance – Written Premium (VND Billion), 2012–2017
Table 76: Vietnamese General Third-Party Insurance – Loss Ratio (%), 2008–2012
Table 77: Vietnamese General Third-Party Insurance – Loss Ratio (%), 2012–2017
Table 78: Vietnamese Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (VND Billion), 2008–2012
Table 79: Vietnamese Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Million), 2008–2012
Table 80: Vietnamese Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (VND Billion), 2012–2017
Table 81: Vietnamese Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Million), 2012–2017
Table 82: Vietnamese Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Table 83: Vietnamese Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Table 84: Vietnamese Marine Insurance – Written Premium by Policy (VND Billion), 2008–2012
Table 85: Vietnamese Marine Insurance – Written Premium by Policy (US$ Million), 2008–2012
Table 86: Vietnamese Marine Insurance – Written Premium by Policy (VND Billion), 2012–2017
Table 87: Vietnamese Marine Insurance – Written Premium by Policy (US$ Million), 2012–2017
Table 88: Vietnamese Marine Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 89: Vietnamese Marine Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 90: Vietnamese Marine Hull Insurance – Written Premium (VND Billion), 2008–2012
Table 91: Vietnamese Marine Hull Insurance – Written Premium (VND Billion), 2012–2017
Table 92: Vietnamese Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 93: Vietnamese Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 94: Vietnamese Marine Third-Party Insurance – Written Premium (VND Billion), 2008–2012
Table 95: Vietnamese Marine Third-Party Insurance – Written Premium (VND Billion), 2012–2017
Table 96: Vietnamese Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 97: Vietnamese Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 98: Vietnamese Aviation Insurance – Written Premium (VND Billion), 2008–2012
Table 99: Vietnamese Aviation Insurance – Written Premium (VND Billion), 2012–2017
Table 100: Vietnamese Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
...

LIST OF FIGURES

Figure 1: Southeast Asia – Economies and Populations, 2011
Figure 2: Southeast Asia – Growth Trends in the Insurance Industry
Figure 3: Southeast Asian Region – Total Insurance Industry by Insurance Segment (US$ Billion), 2011
Figure 4: Southeast Asian Comparison – Non-Life Insurance Segment Gross Written Premium (US$ Billion), 2011
Figure 5: Southeast Asian Comparison – Non-Life Insurance Premium per Capita (US$), 2011
Figure 6: Southeast Asian Comparison – Non-Life Insurance Penetration (% of GDP), 2011 and 2016
Figure 7: Southeast Asian Comparison – Non-Life Insurance Gross Written Premium Growth (%), 2007–2016
Figure 8: Southeast Asian Comparison – Non-Life Insurance Gross Written Premium per Capita Growth (%), 2007–2016
Figure 9: Southeast Asian Comparison – Non-Life Insurance Loss Ratio (%), 2011 and 2016
Figure 10: Southeast Asian Comparison – Non-Life Insurance Combined Ratio (%), 2011 and 2016
Figure 11: Southeast Asian Comparison – Non-Life Insurance Incurred Losses per Capita (US$), 2011 and 2016
Figure 12: Southeast Asian Comparison – Non-Life Insurance Incurred Losses per GDP (%), 2011 and 2016
Figure 13: Vietnamese Insurance – Overall Written Premium by Segment (VND Billion), 2008–2017
Figure 14: Vietnamese Insurance – Dynamics by Segment (%), 2008–2017
Figure 15: Vietnamese Non-Life Insurance – Written Premium by Category (VND Billion), 2008–2017
Figure 16: Vietnamese Non-Life Insurance – Written Premium by Category (%), 2012 and 2017
Figure 17: Vietnamese Non-Life Insurance – Dynamics by Category (%), 2008–2017
Figure 18: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2008–2012
Figure 19: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2012–2017
Figure 20: Vietnamese Non-Life Insurance – Paid Claims by Category (VND Billion), 2008–2017
Figure 21: Vietnamese Non-Life Insurance – Incurred Loss by Category (VND Billion), 2008–2017
Figure 22: Vietnamese Non-Life Insurance – Loss Ratio (%), 2008–2012
Figure 23: Vietnamese Non-Life Insurance – Loss Ratio (%), 2012–2017
Figure 24: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2008–2012
Figure 25: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2012–2017
Figure 26: Vietnamese Non-Life Insurance – Combined Ratio (%), 2008–2012
Figure 27: Vietnamese Non-Life Insurance – Combined Ratio (%), 2012–2017
Figure 28: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2008–2012
Figure 29: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2012–2017
Figure 30: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2008–2012
Figure 31: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2012–2017
Figure 32: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2008–2012
Figure 33: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2012–2017
Figure 34: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2008–2012
Figure 35: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2012–2017
Figure 36: Vietnamese Non-Life Insurance – Investment Portfolio (VND Billion), 2008–2012
Figure 37: Vietnamese Non-Life Insurance – Investment Portfolio (%), 2008 and 2012
Figure 38: Vietnamese Non-Life Insurance – Penetration (% of GDP), 2008–2012
Figure 39: Vietnamese Non-Life Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 40: Vietnamese Non-Life Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 41: Vietnamese Non-Life Insurance – Premium Per Capita (VND), 2008–2012
Figure 42: Vietnamese Property Insurance – Written Premium by Sub-Category (VND Billion), 2008–2017
Figure 43: Vietnamese Property Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 44: Vietnamese Property Insurance – Loss Ratio (%), 2008–2012
Figure 45: Vietnamese Property Insurance – Loss Ratio (%), 2012–2017
Figure 46: Vietnamese Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 47: Vietnamese Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 48: Vietnamese Fire and Allied Perils Insurance – Written Premium (VND Billion), 2008–2012
Figure 49: Vietnamese Fire and Allied Perils Insurance – Written Premium (VND Billion), 2012–2017
Figure 50: Vietnamese Engineering Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 51: Vietnamese Engineering Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 52: Vietnamese Engineering Insurance – Written Premium (VND Billion), 2008–2012
Figure 53: Vietnamese Engineering Insurance – Written Premium (VND Billion), 2012–2017
Figure 54: Vietnamese Agriculture Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 55: Vietnamese Agriculture Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 56: Vietnamese Agriculture Insurance – Written Premium (VND Billion), 2008–2012
Figure 57: Vietnamese Agriculture Insurance – Written Premium (VND Billion), 2012–2017
Figure 58: Vietnamese Other Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 59: Vietnamese Other Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 60: Vietnamese Other Property Insurance – Written Premium (VND Billion), 2008–2012
Figure 61: Vietnamese Other Property Insurance – Written Premium (VND Billion), 2012–2017
Figure 62: Vietnamese Motor Insurance – Written Premium by Sub-Category (VND Billion), 2008–2017
Figure 63: Vietnamese Motor Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 64: Vietnamese Motor Insurance – Loss Ratio (%), 2008–2012
Figure 65: Vietnamese Motor Insurance – Loss Ratio (%), 2012–2017
Figure 66: Vietnamese Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 67: Vietnamese Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 68: Vietnamese Motor Hull Insurance – Written Premium (VND Billion), 2008–2012
Figure 69: Vietnamese Motor Hull Insurance – Written Premium (VND Billion), 2012–2017
Figure 70: Vietnamese Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 71: Vietnamese Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 72: Vietnamese Motor Third-Party Insurance – Written Premium (VND Billion), 2008–2012
Figure 73: Vietnamese Motor Third-Party Insurance – Written Premium (VND Billion), 2012–2017
Figure 74: Vietnamese General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 75: Vietnamese General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 76: Vietnamese General Third-Party Insurance – Written Premium (VND Billion), 2008–2012
Figure 77: Vietnamese General Third-Party Insurance – Written Premium (VND Billion), 2012–2017
Figure 78: Vietnamese General Third-Party Insurance – Loss Ratio (%), 2008–2012
Figure 79: Vietnamese General Third-Party Insurance – Loss Ratio (%), 2012–2017
Figure 80: Vietnamese Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (VND Billion), 2008–2017
Figure 81: Vietnamese Marine, Aviation and Transit Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 82: Vietnamese Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Figure 83: Vietnamese Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Figure 84: Vietnamese Marine Insurance – Written Premium by Policy (VND Billion), 2008–2017
Figure 85: Vietnamese Marine Insurance – Dynamics by Policy (%), 2008–2017
Figure 86: Vietnamese Marine Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 87: Vietnamese Marine Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 88: Vietnamese Marine Hull Insurance – Written Premium (VND Billion), 2008–2012
Figure 89: Vietnamese Marine Hull Insurance – Written Premium (VND Billion), 2012–2017
Figure 90: Vietnamese Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 91: Vietnamese Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 92: Vietnamese Marine Third-Party Insurance – Written Premium (VND Billion), 2008–2012
Figure 93: Vietnamese Marine Third-Party Insurance – Written Premium (VND Billion), 2012–2017
Figure 94: Vietnamese Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 95: Vietnamese Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 96: Vietnamese Aviation Insurance – Written Premium (VND Billion), 2008–2012
Figure 97: Vietnamese Aviation Insurance – Written Premium (VND Billion), 2012–2017
Figure 98: Vietnamese Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 99: Vietnamese Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 100: Vietnamese Transit Insurance – Written Premium (VND Billion), 2008–2012
...

COMPANIES MENTIONED

Bao Viet Holdings
PVI Insurance Corporation
BaoMinh Insurance Corporation
PJICO Insurance Corporation
Post and Telecommunication Insurance Vietnam
Samsung Vina Insurance Company
BIDV Insurance Corporation
Global Insurance Company
Military Insurance Company
AAA Assurance Corporation

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