Market Research Logo

Vietnam Insurance Q4 2018

Vietnam Insurance Q4 2018

Key View:

Vietnam's insurance industry remains underdeveloped, with total premiums comprising only around 2% of overall GDPat present. Widespread poverty and low household incomes have limited the affordability of even basic property and motorproducts. As it is one of Asia's fastest-growing economies, we believe that there is potential for rapid growth across most lines overthe next few years. In the personal insurance segment, increasing car ownership will support higher demand for motor insuranceproducts, while fast growth in private healthcare usage will drive wealthier households to purchase health and personal accidentinsurance products. We are also looking for life insurers to profit from growing demand for savings and investment products. Againstthis backdrop, we expect the opportunities available to international providers and investors to be significant over the coming years,particularly as the government relaxes its stance towards foreign investors. The fragmented nature of the market at present will alsoprovide scope for mergers and acquisitions.


Key View
SWOT
Industry Forecast
Life Premiums Forecast
Non-Life Premiums Forecast
Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Asia Pacific Insurance Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
AIA Group
Bao Viet Holdings
Manulife Financial
Prudential
Sun Life Financial
Insurance Methodology

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report