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Vietnam Insurance Report Q2 2018

Vietnam Insurance Report Q2 2018

BMI View:

Vietnam's/Insurance/Q2 2018 industry remains under-developed for a country of its size, with total premiums comprising onlyaround 2% of overall GDP at present. Widespread poverty and low household incomes have traditionally limited the affordability ofinsurance products. As one of Asia's fastest-growing economies, we believe there is potential for rapid growth across most lines overthe next few years. In the personal/Insurance/Q2 2018 segment, increasing car ownership will support higher demand for motor/Insurance/Q2 2018products, while fast growth in private healthcare usage will drive wealthier households to purchase health and personal accidentinsurance products. Meanwhile, we are also looking for life insurers to profit from growing demand for savings and investmentproducts. Against this backdrop we expect the opportunities available to international providers and investors to be significant overthe coming years, particularly as the government relaxes its stance towards foreign investors. The fragmented nature of the marketat present will also provide scope for mergers and acquisitions.

BMI Industry View
Industry Forecast
Life Premiums Forecast
Non-Life Premiums Forecast
Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Asia/Insurance/Q2 2018 Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
AIA Group
Bao Viet Holdings
Manulife Financial
Sun Life Financial

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