Insurance in Vietnam - Market Summary, Competitive Analysis and Forecast to 2025
Insurance in Vietnam - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Insurance in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Insurance in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Vietnamese insurance market had total gross written premiums of $8.0bn in 2020, representing a compound annual growth rate (CAGR) of 20.6% between 2016 and 2020.
- The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $5.5bn, equivalent to 68.9% of the market's overall value.
- The COVID-19 pandemic has had a significant impact on many markets around the world, including insurance. Interest rate cuts have constrained insurers’ profits, while demand for certain types of insurance, such as motor and travel, has been dampened by nationwide lockdown restrictions.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Vietnam
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Vietnam
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam insurance market with five year forecasts
- What was the size of the Vietnam automotive manufacturing market by value in 2020?
- What will be the size of the Vietnam automotive manufacturing market in 2025?
- What factors are affecting the strength of competition in the Vietnam automotive manufacturing market?
- How has the market performed over the last five years?
- What are the main segments that make up Vietnam's automotive manufacturing market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Baoviet Holdings
8.2. Prudential Plc
8.3. Manulife (Vietnam) Ltd
8.4. Dai-ichi Life Holdings Inc
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Baoviet Holdings
8.2. Prudential Plc
8.3. Manulife (Vietnam) Ltd
8.4. Dai-ichi Life Holdings Inc
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Vietnam insurance market value: $ billion, 2016–20
Table 2: Vietnam insurance market category segmentation: $ billion, 2020
Table 3: Vietnam insurance market geography segmentation: $ billion, 2020
Table 4: Vietnam insurance market value forecast: $ billion, 2020–25
Table 5: Vietnam insurance market share: % share, by value, 2020
Table 6: Baoviet Holdings: key facts
Table 7: Baoviet Holdings: Annual Financial Ratios
Table 8: Baoviet Holdings: Key Employees
Table 9: Prudential Plc: key facts
Table 10: Prudential Plc: Annual Financial Ratios
Table 11: Prudential Plc: Key Employees
Table 12: Manulife (Vietnam) Ltd: key facts
Table 13: Manulife (Vietnam) Ltd: Key Employees
Table 14: Dai-ichi Life Holdings Inc: key facts
Table 15: Dai-ichi Life Holdings Inc: Annual Financial Ratios
Table 16: Dai-ichi Life Holdings Inc: Key Employees
Table 17: Dai-ichi Life Holdings Inc: Key Employees Continued
Table 18: Vietnam size of population (million), 2016–20
Table 19: Vietnam gdp (constant 2005 prices, $ billion), 2016–20
Table 20: Vietnam gdp (current prices, $ billion), 2016–20
Table 21: Vietnam inflation, 2016–20
Table 22: Vietnam consumer price index (absolute), 2016–20
Table 23: Vietnam exchange rate, 2016–20
Table 1: Vietnam insurance market value: $ billion, 2016–20
Table 2: Vietnam insurance market category segmentation: $ billion, 2020
Table 3: Vietnam insurance market geography segmentation: $ billion, 2020
Table 4: Vietnam insurance market value forecast: $ billion, 2020–25
Table 5: Vietnam insurance market share: % share, by value, 2020
Table 6: Baoviet Holdings: key facts
Table 7: Baoviet Holdings: Annual Financial Ratios
Table 8: Baoviet Holdings: Key Employees
Table 9: Prudential Plc: key facts
Table 10: Prudential Plc: Annual Financial Ratios
Table 11: Prudential Plc: Key Employees
Table 12: Manulife (Vietnam) Ltd: key facts
Table 13: Manulife (Vietnam) Ltd: Key Employees
Table 14: Dai-ichi Life Holdings Inc: key facts
Table 15: Dai-ichi Life Holdings Inc: Annual Financial Ratios
Table 16: Dai-ichi Life Holdings Inc: Key Employees
Table 17: Dai-ichi Life Holdings Inc: Key Employees Continued
Table 18: Vietnam size of population (million), 2016–20
Table 19: Vietnam gdp (constant 2005 prices, $ billion), 2016–20
Table 20: Vietnam gdp (current prices, $ billion), 2016–20
Table 21: Vietnam inflation, 2016–20
Table 22: Vietnam consumer price index (absolute), 2016–20
Table 23: Vietnam exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Vietnam insurance market value: $ billion, 2016–20
Figure 2: Vietnam insurance market category segmentation: % share, by value, 2020
Figure 3: Vietnam insurance market geography segmentation: % share, by value, 2020
Figure 4: Vietnam insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Vietnam, 2020
Figure 6: Drivers of buyer power in the insurance market in Vietnam, 2020
Figure 7: Drivers of supplier power in the insurance market in Vietnam, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Vietnam, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Vietnam, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Vietnam, 2020
Figure 11: Vietnam insurance market share: % share, by value, 2020
Figure 1: Vietnam insurance market value: $ billion, 2016–20
Figure 2: Vietnam insurance market category segmentation: % share, by value, 2020
Figure 3: Vietnam insurance market geography segmentation: % share, by value, 2020
Figure 4: Vietnam insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Vietnam, 2020
Figure 6: Drivers of buyer power in the insurance market in Vietnam, 2020
Figure 7: Drivers of supplier power in the insurance market in Vietnam, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Vietnam, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Vietnam, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Vietnam, 2020
Figure 11: Vietnam insurance market share: % share, by value, 2020
