Vietnam Non-Life Insurance Market to 2027

November 2023 | 43 pages | ID: V3A98D5FF6C9EN
MarketLine

Abstracts

Vietnam Non-Life Insurance Market to 2027

Summary

Non-Life Insurance in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 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

• Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
• The Vietnamese non-life insurance market had total gross written premiums of $3 billion in 2022, representing a compound annual growth rate (CAGR) of 10.8% between 2017 and 2022.
• The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $0.8 billion, equivalent to 26.3% of the market's overall value.
• In 2022, the Vietnamese non-life insurance market witnessed an annual growth of 17.5%. Factors such as a supportive regulatory environment, expanded collaborations, innovative products, and active distribution channels all contribute to the expansion of the non-life insurance market.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Vietnam
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Vietnam
• Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam non-life insurance market with five year forecasts

Reasons to Buy

• What was the size of the Vietnam non-life insurance market by value in 2022?
• What will be the size of the Vietnam non-life insurance market in 2027?
• What factors are affecting the strength of competition in the Vietnam non-life insurance market?
• How has the market performed over the last five years?
• What are the main segments that make up Vietnam's non-life insurance market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. 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. Who are the leading players?
7.2. What strategies do the leading players follow?

8 COMPANY PROFILES

8.1. BaoMinh Insurance Corp
8.2. Bao Viet Life Insurance Corp
8.3. PVI Holdings
8.4. Post and Telecommunication Insurance Vietnam

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

LIST OF TABLES

Table 1: Vietnam non-life insurance market value: $ billion, 2017–22
Table 2: Vietnam non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Vietnam non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Vietnam non–life insurance market geography segmentation: $ billion, 2022
Table 5: Vietnam non-life insurance market value forecast: $ billion, 2022–27
Table 6: BaoMinh Insurance Corp: key facts
Table 7: BaoMinh Insurance Corp: Annual Financial Ratios
Table 8: BaoMinh Insurance Corp: Key Employees
Table 9: Bao Viet Life Insurance Corp: key facts
Table 10: Bao Viet Life Insurance Corp: Key Employees
Table 11: PVI Holdings: key facts
Table 12: PVI Holdings: Annual Financial Ratios
Table 13: PVI Holdings: Key Employees
Table 14: Post and Telecommunication Insurance Vietnam: key facts
Table 15: Post and Telecommunication Insurance Vietnam: Annual Financial Ratios
Table 16: Post and Telecommunication Insurance Vietnam: 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

LIST OF FIGURES

Figure 1: Vietnam non-life insurance market value: $ billion, 2017–22
Figure 2: Vietnam non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Vietnam non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: Vietnam non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in Vietnam, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Vietnam, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Vietnam, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Vietnam, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Vietnam, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Vietnam, 2022