November 05 2018


Vietnam Insurance Market 2018

Total Page:

22 Pages




Financial Service


within 1 day(s)

Below are some key findings in this preview:

  1. 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.
  2. 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.
  3. 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.
  4. 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.






Vietnam Insurance Market

3 - 11


Market Structure & Description



Size & Segmentation



Competition Dynamics



Key drivers



Market Prospects



Financial Indicators



Key players’ profiles

9 - 11


StoxPlus Introduction

12 – 22



Tags: Insurance, Life insurance, Non-life insurance, Premium, Bao Viet, PVI, PTI, Dai-ichi, Prudential, Manulife, Big data, AI, robotics, bancassurance, retail, e-commerce, Insurtech, Bao hiem, bao hiem nhan tho, bao hiem phi nhan tho, , phi bao hiem, Bao Viet,

Expert Assistance & More Information

Our expert will help you find what you need. Contact our Customer Support for more information:

Hanoi Head Office:

Monday – Friday, from 8:30 to 18:00 Vietnam Time

Ho Chi Minh Office

Monday – Friday, from 8:30 to 18:00 Vietnam Time

Related Reports

Vietnam Banking Report 2024

June 03 2024


66 pages

FiinGroup’s Vietnam banking report 2024 provides an in-depth analysis of how the banking sector and individual banks performed regarding credit growth, liquidity, asset quality, capital adequacy and earnings quality (changes in operating income structure, growth by key segments such as Net interest margin, services fee income, especially bancassurance income, latest development trends such as the rise of open banking, AI generative, green finance, regulatory changes and implication for the performance of commerical banks.

Vietnam Consumer Finance Report 2024

May 28 2024


44 pages

Vietnam consumer finance (CF) posted sluggish credit growth post-COVID-19 in all segments, 2WL, CDL, Credit cards, and personal (cash loans), as finance companies FE Credit, Home Credit, HD Saison, Mcredit, Shinhan Finance, Mirae Asset, etc., faced subdued demand, deteriorated asset quality, eroded profit due to provision burden. In 2024, FinCos expects to enhance instalment loans, diversify loan portfolio to new products such as BNPL and embrace trends such as digitalization and participation of foreign investors through M&A competed post-pan

Vietnam Credit Card Market Report 2024

May 23 2024


67 pages

Vietnam's credit card market is on a solid growth trajectory, indicating promising prospects for expansion driven by factors such as the current low penetration rate, government endorsement of cashless payments, and a thriving E-commerce sector. As the market evolves, upcoming trends like the surge in contactless payments, virtual credit cards, and the embrace of Buy Now Pay Later financing are poised to shape the future landscape of credit card usage in Vietnam.

Stay in the known with our newsletters