Reinsurance in Vietnam, Key Trends and Opportunities to 2017

Date: November 28, 2013
Pages: 72
Price:
US$ 1,950.00
License [?]:
Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: R7387F482B7EN
Leaflet:

Download PDF Leaflet

Reinsurance in Vietnam, Key Trends and Opportunities to 2017
SYNOPSIS

The report provides in depth market analysis, information and insights into the Vietnamese reinsurance segment, including:
  • The Vietnamese reinsurance segment's growth prospects by reinsurance categories
  • Key trends and drivers for the reinsurance segment
  • The Vietnamese reinsurance segment’s growth prospects by reinsurance ceded from direct insurance segments
  • The competitive landscape in the Vietnamese reinsurance segment
SUMMARY

Despite the global financial crisis, the Vietnamese reinsurance segment recorded stable growth during the review period. This is attributable to the increasing cost of reinsurance protection, the nation’s growing non-life and personal accident and health insurance segments, a greater understanding of the benefits of reinsurance and the removal of a government policy which forced insurance companies to cede at least 20% of their reinsurance premiums to the only domestic reinsurance company in the country. Consequently, the number of Vietnamese reinsurance companies increased from one to two in 2011.

SCOPE

This report provides a comprehensive analysis of the reinsurance segment in Vietnam:
  • It provides historical values for Vietnam’s reinsurance 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 reinsurance segment, along with market forecasts until 2017
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Vietnam and its growth prospects
REASONS TO BUY
  • Make strategic business decisions using in depth historic and forecast market data related to the Vietnamese reinsurance segment and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Vietnamese 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
  • Despite the global financial crisis, the Vietnamese reinsurance segment recorded stable growth during the review period
  • Over the forecast period, segment growth is expected to be primarily driven by the recent increase in minimum capital requirements for Vietnamese insurers
  • The segment is led by treaty reinsurance, which accounted for 52.5% of total reinsurance premiums in 2012, followed by facultative reinsurance with 47.5%
  • Following the segment’s liberalization in 2008, the majority of Vietnam’s outward reinsurance business now goes to foreign companies
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 Size, 2008–2017
3.2 Reinsurance Growth Dynamics and Challenges
  3.2.1 Reinsurance segment size, 2008–2017
  3.2.2 Reinsurance segment size by type of insurance, 2008–2017

4 KEY INDUSTRY TRENDS AND DRIVERS

4.1 Fundamental Business Drivers
4.2 Life Insurance Segment Drivers
4.3 Non-Life Insurance Segment Drivers
4.4 Personal Accident and Health Insurance Segment Drivers

5 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

5.1 Overview
5.2 Leading Companies in the Vietnamese Reinsurance Segment
5.3 Vietnam National Reinsurance Corporation – Company Overview
  5.3.1 Vietnam National Reinsurance Corporation – key facts
5.4 PVI Reinsurance Company – Company Overview
  5.4.1 PVI Reinsurance Company – key facts

6 BUSINESS ENVIRONMENT AND COUNTRY RISK

6.1 Business Confidence
  6.1.1 Market capitalization trend – Ho Chi Minh City Stock Exchange, Vietnam
6.2 Economic Performance
  6.2.1 GDP at constant prices (US$)
  6.2.2 GDP per capita at constant prices (US$)
  6.2.3 GDP at current prices (US$)
  6.2.4 GDP per capita at current prices (US$)
  6.2.5 GDP by key segments
  6.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
  6.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
  6.2.8 Manufacturing net output at current prices (US$)
  6.2.9 Manufacturing net output at current prices as a percentage of GDP
  6.2.10 Mining, manufacturing and utilities at current prices (US$)
  6.2.11 Mining, manufacturing and utilities at current prices, as a percentage of GDP
  6.2.12 Construction net output at current prices (US$)
  6.2.13 Construction net output at current prices as a percentage of GDP
  6.2.14 Inflation rate
  6.2.15 Exports as a percentage of GDP
  6.2.16 Imports as a percentage of GDP
  6.2.17 Exports growth
  6.2.18 Imports growth
  6.2.19 Annual average exchange rate VND–US$
6.3 Infrastructure Quality and Availability
  6.3.1 Commercial vehicles exports – total value
  6.3.2 Commercial vehicles imports – total value
  6.3.3 Automotive exports – total value
  6.3.4 Automotive imports total value
  6.3.5 Total internet subscribers
6.4 Labor Force
  6.4.1 Labor force
  6.4.2 Unemployment rate
6.5 Demographics
  6.5.1 Household consumption expenditure (US$)
  6.5.2 Total population
  6.5.3 Urban and rural populations
  6.5.4 Age distribution of the total population

7 APPENDIX

7.1 Methodology
7.2 Contact Timetric
7.3 About Timetric
7.4 Timetric’s Services
7.5 Disclaimer

LIST OF TABLES

Table 1: Insurance Industry Definitions
Table 2: Vietnamese Insurance – Overall Written Premium by Segment (VND Billion), 2008–2012
Table 3: Vietnamese Insurance – Overall Written Premium by Segment (US$ Million), 2008–2012
Table 4: Vietnamese Insurance – Overall Written Premium by Segment (VND Billion), 2012–2017
Table 5: Vietnamese Insurance – Overall Written Premium by Segment (US$ Million), 2012–2017
Table 6: Vietnamese Insurance – Segmentation (Percentage Share), 2008–2017
Table 7: Vietnamese Reinsurance by Category (VND Billion), 2008–2012
Table 8: Vietnamese Reinsurance by Category (US$ Million), 2008–2012
Table 9: Vietnamese Reinsurance by Category (VND Billion), 2012–2017
Table 10: Vietnamese Reinsurance by Category (US$ Million), 2012–2017
Table 11: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (VND Billion), 2008–2012
Table 12: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008–2012
Table 13: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (VND Billion), 2012–2017
Table 14: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012–2017
Table 15: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 16: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 17: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 18: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 19: Vietnamese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 20: Vietnamese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 21: Vietnamese Reinsurance Companies, 2012
Table 22: Vietnam National Reinsurance Corporation, Key Facts
Table 23: PVI Reinsurance Company, Key Facts

LIST OF FIGURES

Figure 1: Vietnamese Insurance – Overall Written Premium by Segment (VND Billion), 2008–2017
Figure 2: Vietnamese Insurance – Dynamics by Segment (%), 2008–2017
Figure 3: Vietnamese Premium Ceded to Reinsurance by Category (VND Billion), 2008–2017
Figure 4: Vietnamese Premium Ceded to Reinsurance by Category (Percentage Share), 2012 and 2017
Figure 5: Vietnamese Reinsurance – Dynamics by Category (%), 2008–2017
Figure 6: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (VND Billion), 2008–2017
Figure 7: Vietnamese Reinsurance – Dynamics by Type of Insurance (%), 2008–2017
Figure 8: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 9: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 10: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 11: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 12: Vietnamese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 13: Vietnamese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 14: Vietnamese Stock Exchange Market Capitalization (US$ Billion), 2008–2012
Figure 15: Vietnamese GDP at Constant Prices (US$ Billion), 2008–2012
Figure 16: Vietnamese GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 17: Vietnamese GDP at Current Prices (US$ Billion), 2008–2012
Figure 18: Vietnamese GDP Per Capita at Current Prices (US$), 2008–2012
Figure 19: Vietnamese GDP by Key Segments (%) 2007 and 2011
Figure 20: Vietnamese Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 21: Vietnamese Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 22: Vietnamese Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 23: Vietnamese Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 24: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 25: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 26: Vietnamese Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 27: Vietnamese Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 28: Vietnamese Inflation Rate (%), 2008–2012
Figure 29: Vietnamese Exports as a Percentage of GDP (%), 2007–2011
Figure 30: Vietnamese Imports as a Percentage of GDP (%), 2007–2011
Figure 31: Vietnamese Exports Growth (%), 2008–2011
Figure 32: Vietnamese Imports Growth (%), 2008–2011
Figure 33: Vietnamese Annual Average Exchange Rate (US$–VND), 2008–2012
Figure 34: Vietnamese Commercial Vehicles Exports – Total Value (US$ Billion), 2007–2010
Figure 35: Vietnamese Commercial Vehicles Imports – Total Value (US$ Billion), 2007–2010
Figure 36: Vietnamese Automotive Exports – Total Value (US$ Billion), 2007–2010
Figure 37: Vietnamese Automotive Imports – Total Value (US$ Billion), 2007–2010
Figure 38: Vietnamese Internet Subscriptions (Million), 2007–2011
Figure 39: Vietnamese Size of Labor Force (Million), 2007–2011
Figure 40: Vietnamese Unemployment Rate (%), 2008–2012
Figure 41: Vietnamese Household Consumption Expenditure (US$ Billion), 2007–2011
Figure 42: Vietnamese Total Population (Million), 2008–2012
Figure 43: Vietnamese Urban and Rural Populations (%), 2008–2012
Figure 44: Vietnamese Population Distribution by Age (%), 2008–2012

COMPANIES MENTIONED

Vietnam National Reinsurance Corporation
PVI Reinsurance Company

Ask Your Question

Reinsurance in Vietnam, Key Trends and Opportunities to 2017
Company name*:
Contact person*:
Phone/fax*:
Email*:
Request invoice
Your enquiry: