November 05 2018
FiinResearch
Vietnam Insurance Market 2018
Total Page:
22 Pages
Format:
Topic:
Financial Service
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within 1 day(s)
Free
Login To DownloadBelow are some key findings in this preview:
- Vietnam insurance market recorded a strong growth with CAGR 2012-2017 of 20.7% in terms of insurance premium to reach US$4.7bn in 2017. Given low penetration rate compared to other peers in the region, the market posts potential opportunities thanks to increasing personal income, older population and healthcare awareness.
- The market has two segments including life and non-life insurance. Of which, life insurance drives the market with CAGR 2012-2017 of 28.7% while non-life insurance increased steadily at CAGR 2012-2017 of 12.2%, correlating with healthcare, vehicles and property.
- Life insurance market is dominated by foreign companies thanks to customer preference and companies’ strength in management. Meanwhile, non-life insurance market share is on the hand of domestic firms, with a fierce competition from small foreign firms.
- Insurers are competing in customer acquisition via new channels such as partnerships with banks (bancassurance) and e-commerce. The application of big data, AI and robotics is expected to improve the market’s efficiency, especially for cost management.
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No |
Contents |
Page |
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1 |
Vietnam Insurance Market |
3 - 11 |
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1.1 |
Market Structure & Description |
3 |
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1.2 |
Size & Segmentation |
4 |
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1.3 |
Competition Dynamics |
5 |
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1.4 |
Key drivers |
6 |
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1.5 |
Market Prospects |
7 |
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1.6 |
Financial Indicators |
8 |
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1.7 |
Key players’ profiles |
9 - 11 |
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2 |
StoxPlus Introduction |
12 – 22 |
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