Reinsurance in Vietnam, Key Trends and Opportunities to 2020

Date: March 31, 2017
Pages: 40
Price:
US$ 1,450.00
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Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: R7387F482B7EN
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Reinsurance in Vietnam, Key Trends and Opportunities to 2020
SYNOPSIS

Timetric’s 'Reinsurance in Vietnam, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Vietnamese reinsurance segment.

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011–2015) and forecast period (2015–2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Vietnamese economy and demographics, and provides detailed analysis of natural hazards and their impact on the Vietnamese insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

SUMMARY

Timetric’s 'Reinsurance in Vietnam, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Vietnamese reinsurance segment, including:
  • An outlook of the Vietnamese reinsurance segment
  • A comprehensive overview of the Vietnamese economy and demographics
  • Detailed analysis of natural hazards and their impact on the Vietnamese insurance industry
  • The competitive landscape in the Vietnamese reinsurance segment
SCOPE

This report provides a comprehensive analysis of the reinsurance segment in Vietnam:
  • It provides historical values for the Vietnamese reinsurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Vietnamese reinsurance segment, and market forecasts to 2020.
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Vietnam, and the reinsurance segment's growth prospects.
  • It analyzes various natural and man-made hazards and their impact on the Vietnamese insurance industry
REASONS TO BUY
  • Make strategic business decisions using in-depth historic and forecast market data related to the Vietnamese reinsurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Vietnamese reinsurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Vietnamese insurance industry, and their impact on companies and the industry's future.
KEY HIGHLIGHTS
  • According to a decree issued on July 1, 2016, foreign firms can reinsure a maximum of 90% of their total business.
  • The government issued Decree No. 73/2016/ND-CP on implementation and amendments to certain articles of the Law on Insurance Business, which came into effect from July 1, 2016.
  • According to Decree 67/ND-CP, the Ministry of Finance (MoF) implemented aquaculture insurance products, for which Vietnam National Reinsurance Corporation (Vinare) was chosen as the reinsurer.
  • In April 2014, Vinare was selected as the national consultant for the National Disaster Risk Finance (DRF) project advanced by the Asian Development Bank. It will enable the cities of Hue and Can Tho to cope with climate change.
  • In April 2014, Vinare signed a memorandum of understanding with Catalytics to develop natural catastrophe models for floods, earthquakes and storms. This will enhance the reinsurer’s risk management capabilities.
1 KEY FACTS AND HIGHLIGHTS

2 EXECUTIVE SUMMARY

1 ECONOMY AND DEMOGRAPHICS

3 REINSURANCE OUTLOOK

3.1 Reinsurance Segment Size, 2011–2020
  3.1.1 Total reinsurance premium accepted
3.2 Reinsurance Segment Size by Premium Ceded, 2011–2020

2 NATURAL AND MAN-MADE HAZARDS

3.3 Flooding
3.4 Storms/Typhoons
3.5 Landslides
3.6 Others
3.7 Exposure

4 COMPETITIVE LANDSCAPE

4.1 Company Profiles
  4.1.1 Vietnam National Reinsurance Corporation – company overview
  4.1.2 PVI Reinsurance Company – company overview

5 DEFINITION AND METHODOLOGY

5.1 Definitions
5.2 Methodology

6 ABOUT TIMETRIC

6.1 Contact Timetric
6.2 About Timetric
6.3 Timetric’s Services
6.4 Disclaimer

LIST OF TABLES

Table 1: Vietnamese Reinsurance – Key Facts, 2015
Table 2: Vietnamese Reinsurance – Top Insurers, 2015
Table 3: Vietnamese Government Credit Ratings
Table 4: Vietnamese Reinsurance – Total Premium Accepted (VND Trillion and US$ Million), 2011–2015
Table 5: Vietnamese Reinsurance – Total Premium Accepted (VND Trillion and US$ Million), 2015–2020
Table 6: Vietnamese Reinsurance – Premium Ceded by Type of Insurance (VND Billion), 2011–2015
Table 7: Vietnamese Reinsurance – Premium Ceded by Type of Insurance (VND Billion), 2015–2020
Table 8: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2015
Table 9: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2015–2020
Table 10: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2015
Table 11: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2015–2020
Table 12: Vietnamese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2015
Table 13: Vietnamese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2015–2020
Table 14: Vietnamese Reinsurance Segment – Leading Reinsurers
Table 15: Vietnam National Reinsurance Corporation – Key Facts
Table 16: PVI Reinsurance Company – Key Facts
Table 17: Insurance Industry Definitions

LIST OF FIGURES

Figure 1: Vietnamese Real GDP (VND Trillion), 2011–2020
Figure 2: Vietnamese Exchange Rate (%), 2011–2020
Figure 3: Vietnamese Consumer Price Inflation (%), 2011–2020
Figure 4: Vietnamese Current Account Balance as Percentage of GDP (%), 2011–2015
Figure 5: Vietnamese Unemployment Rate, 2011–2020
Figure 6: Vietnamese Population by Age Group, 1990–2025
Figure 7: Vietnamese Reinsurance – Total Premium Accepted (VND Trillion), 2011–2020
Figure 8: Vietnamese Reinsurance – Premium Ceded by Type of Insurance (VND Trillion), 2011–2020
Figure 9: Vietnamese Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2011–2020
Figure 10: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020
Figure 11: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020
Figure 12: Vietnamese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2020
Figure 13: Vietnam – Frequency of Hazards by Type, 1990–2015
Figure 14: Vietnamese Mortality by Hazards Type, 1990–2015
Figure 15: Vietnamese Economic Loss by Hazards Type, 1990–2014

COMPANIES MENTIONED

Vietnam National Reinsurance Corporation (Vinare)
PetroVietnam Reinsurance Corporation (PVI Re)
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