Vietnam Life Insurance Market to 2027
Vietnam Life Insurance Market to 2027
Summary
Life Insurance in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Life Insurance in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The market is segmented into Life Insurance and Pension/Annuity.
- The Vietnamese life insurance market had total gross written premiums of $8.2 billion in 2022, representing a compound annual growth rate (CAGR) of 23.9% between 2017 and 2022.
- The life insurance segment accounted for the market's largest proportion in 2022, with total gross written premiums of $8.2 billion, equivalent to 99.8% of the market's overall value.
- Life insurance coverage in the Vietnamese population is relatively low. According to in-house research, in 2022, life insurance penetration (ratio of premiums to GDP) in Vietnam was 2.7%.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Vietnam
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Vietnam
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam life insurance market with five year forecasts by both value and volume
- What was the size of the Vietnam life insurance market by value in 2022?
- What will be the size of the Vietnam life insurance market in 2027?
- What factors are affecting the strength of competition in the Vietnam life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Vietnam's life insurance 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 the leading players follow?
7.4. What has been the rationale behind recent M&A activity?
8 COMPANY PROFILES
8.1. Bao Viet Life Insurance Corp
8.2. Dai-ichi Life Holdings Inc
8.3. Manulife (Vietnam) Ltd
8.4. Prudential Vietnam Assurance Private Ltd
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 the leading players follow?
7.4. What has been the rationale behind recent M&A activity?
8 COMPANY PROFILES
8.1. Bao Viet Life Insurance Corp
8.2. Dai-ichi Life Holdings Inc
8.3. Manulife (Vietnam) Ltd
8.4. Prudential Vietnam Assurance Private Ltd
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 life insurance market value: $ billion, 2017–22
Table 2: Vietnam life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Vietnam life insurance market category segmentation: $ billion, 2017-2022
Table 4: Vietnam life insurance market geography segmentation: $ billion, 2022
Table 5: Vietnam life insurance market value forecast: $ billion, 2022–27
Table 6: Vietnam life insurance market share: % share, by value, 2022
Table 7: Bao Viet Life Insurance Corp: key facts
Table 8: Bao Viet Life Insurance Corp: Key Employees
Table 9: Dai-ichi Life Holdings Inc: key facts
Table 10: Dai-ichi Life Holdings Inc: Annual Financial Ratios
Table 11: Dai-ichi Life Holdings Inc: Key Employees
Table 12: Dai-ichi Life Holdings Inc: Key Employees Continued
Table 13: Manulife (Vietnam) Ltd: key facts
Table 14: Manulife (Vietnam) Ltd: Key Employees
Table 15: Prudential Vietnam Assurance Private Ltd: key facts
Table 16: Prudential Vietnam Assurance Private Ltd: Key Employees
Table 17: Vietnam size of population (million), 2018–22
Table 18: Vietnam gdp (constant 2005 prices, $ billion), 2018–22
Table 19: Vietnam gdp (current prices, $ billion), 2018–22
Table 20: Vietnam inflation, 2018–22
Table 21: Vietnam consumer price index (absolute), 2018–22
Table 22: Vietnam exchange rate, 2018–22
Table 1: Vietnam life insurance market value: $ billion, 2017–22
Table 2: Vietnam life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Vietnam life insurance market category segmentation: $ billion, 2017-2022
Table 4: Vietnam life insurance market geography segmentation: $ billion, 2022
Table 5: Vietnam life insurance market value forecast: $ billion, 2022–27
Table 6: Vietnam life insurance market share: % share, by value, 2022
Table 7: Bao Viet Life Insurance Corp: key facts
Table 8: Bao Viet Life Insurance Corp: Key Employees
Table 9: Dai-ichi Life Holdings Inc: key facts
Table 10: Dai-ichi Life Holdings Inc: Annual Financial Ratios
Table 11: Dai-ichi Life Holdings Inc: Key Employees
Table 12: Dai-ichi Life Holdings Inc: Key Employees Continued
Table 13: Manulife (Vietnam) Ltd: key facts
Table 14: Manulife (Vietnam) Ltd: Key Employees
Table 15: Prudential Vietnam Assurance Private Ltd: key facts
Table 16: Prudential Vietnam Assurance Private Ltd: Key Employees
Table 17: Vietnam size of population (million), 2018–22
Table 18: Vietnam gdp (constant 2005 prices, $ billion), 2018–22
Table 19: Vietnam gdp (current prices, $ billion), 2018–22
Table 20: Vietnam inflation, 2018–22
Table 21: Vietnam consumer price index (absolute), 2018–22
Table 22: Vietnam exchange rate, 2018–22
LIST OF FIGURES
Figure 1: Vietnam life insurance market value: $ billion, 2017–22
Figure 2: Vietnam life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Vietnam life insurance market geography segmentation: % share, by value, 2022
Figure 4: Vietnam life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the life insurance market in Vietnam, 2022
Figure 6: Drivers of buyer power in the life insurance market in Vietnam, 2022
Figure 7: Drivers of supplier power in the life insurance market in Vietnam, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Vietnam, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Vietnam, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Vietnam, 2022
Figure 11: Vietnam life insurance market share: % share, by value, 2022
Figure 1: Vietnam life insurance market value: $ billion, 2017–22
Figure 2: Vietnam life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Vietnam life insurance market geography segmentation: % share, by value, 2022
Figure 4: Vietnam life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the life insurance market in Vietnam, 2022
Figure 6: Drivers of buyer power in the life insurance market in Vietnam, 2022
Figure 7: Drivers of supplier power in the life insurance market in Vietnam, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Vietnam, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Vietnam, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Vietnam, 2022
Figure 11: Vietnam life insurance market share: % share, by value, 2022
