Life Insurance & Pension in Vietnam
Description
Life>Insurance>&>Pension>in>Vietnam
Summary
>Life>Insurance>&>Pension>in>Vietnam>industry>profile>provides>top-line>qualitative>and>quantitative>summary>information>including:>market>size>(value>2019-24,>and>forecast>to>2029).>The>profile>also>contains>descriptions>of>the>leading>players>including>key>financial>metrics>and>analysis>of>competitive>pressures>within>the>market.
Key>Highlights
Summary
>Life>Insurance>&>Pension>in>Vietnam>industry>profile>provides>top-line>qualitative>and>quantitative>summary>information>including:>market>size>(value>2019-24,>and>forecast>to>2029).>The>profile>also>contains>descriptions>of>the>leading>players>including>key>financial>metrics>and>analysis>of>competitive>pressures>within>the>market.
Key>Highlights
- Life>insurance>is>the>financial>cover>for>a>contingency>linked>with>human>life,>like>death,>disability,>accident,>retirement,>etc.>Human>life>is>subject>to>risks>of>death>and>disability>due>to>natural>and>accidental>causes.>When>human>life>is>lost>or>a>person>is>disabled>permanently>or>temporarily,>there>is>a>loss>of>income>to>the>household.
- The>Vietnamese>life>insurance>&>pension>market>recorded>gross>written>premiums>of>$7.4>billion>in>2024,>representing>a>compound>annual>growth>rate>(CAGR)>of>9.9%>between>2019>and>2024.
- The>life>insurance>segment>accounted>for>the>market's>largest>proportion>in>2024,>with>total>gross>written>premiums>of>$7.4>billion,>equivalent>to>99.8%>of>the>market's>overall>value.
- The>Vietnamese>life>insurance>&>pension>market>experienced>an>annual>revenue>growth>of>13.4%>in>2024,>primarily>driven>by>the>increasing>population>of>individuals>aged>65>and>above.
- Save>time>carrying>out>entry-level>research>by>identifying>the>size,>growth,>major>segments,>and>leading>players>in>the>life>insurance>&>pension>market>in>Vietnam
- Use>the>Five>Forces>analysis>to>determine>the>competitive>intensity>and>therefore>attractiveness>of>the>life>insurance>&>pension>market>in>Vietnam
- Leading>company>profiles>reveal>details>of>key>life>insurance>&>pension>market>players’>global>operations>and>financial>performance
- Add>weight>to>presentations>and>pitches>by>understanding>the>future>growth>prospects>of>the>Vietnam>life>insurance>&>pension>market>with>five>year>forecasts
- What>was>the>size>of>the>Vietnam>life>insurance>&>pension>market>by>value>in>2024?
- What>will>be>the>size>of>the>Vietnam>life>insurance>&>pension>market>in>2029?
- What>factors>are>affecting>the>strength>of>competition>in>the>Vietnam>life>insurance>&>pension>market?
- How>has>the>market>performed>over>the>last>five>years?
- What>are>the>main>segments>that>make>up>Vietnam's>life>insurance>&>pension>market?
Table of Contents
44 Pages
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strategies of the leading players?
- 7.3. What are the strengths of the leading players?
- 7.4. What are the recent developments in the sector?
- 8 Company Profiles
- 8.1. Baoviet Holdings
- 8.2. Prudential Plc
- 8.3. Manulife Financial Corp
- 8.4. Dai-ichi Life Holdings Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Vietnam life insurance & pension market value: $ billion, 2019-24
- Table 2: Vietnam life insurance & pension market category segmentation: % share, by value, 2019-24
- Table 3: Vietnam life insurance & pension market category segmentation: $ billion, 2019-24
- Table 4: Vietnam life insurance & pension market geography segmentation: $ billion, 2024
- Table 5: Vietnam life insurance & pension market value forecast: $ billion, 2024-29
- Table 6: Baoviet Holdings: Key Facts
- Table 7: Baoviet Holdings: Annual Financial Ratios
- Table 8: Baoviet Holdings: Key Employees
- Table 9: Prudential Plc: Key Facts
- Table 10: Prudential Plc: Annual Financial Ratios
- Table 11: Prudential Plc: Key Employees
- Table 12: Manulife Financial Corp: Key Facts
- Table 13: Manulife Financial Corp: Annual Financial Ratios
- Table 14: Manulife Financial Corp: Key Employees
- Table 15: Manulife Financial Corp: Key Employees Continued
- Table 16: Dai-ichi Life Holdings Inc: Key Facts
- Table 17: Dai-ichi Life Holdings Inc: Annual Financial Ratios
- Table 18: Dai-ichi Life Holdings Inc: Key Employees
- Table 19: Dai-ichi Life Holdings Inc: Key Employees Continued
- Table 20: Vietnam Size of Population (Million), 2020-24
- Table 21: Vietnam Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 22: Vietnam GDP (Current Prices, $ Billion), 2020-24
- Table 23: Vietnam Inflation, 2020-24
- Table 24: Vietnam Consumer Price Index (Absolute), 2020-24
- Table 25: Vietnam Exchange Rate, 2019-24
- List of Figures
- Figure 1: Vietnam life insurance & pension market value: $ billion, 2019-24
- Figure 2: Vietnam life insurance & pension market category segmentation: $ billion, 2019-24
- Figure 3: Vietnam life insurance & pension market geography segmentation: % share, by value, 2024
- Figure 4: Vietnam life insurance & pension market value forecast: $ billion, 2024-29
- Figure 5: Forces driving competition in the life insurance & pension market in Vietnam, 2024
- Figure 6: Drivers of buyer power in the life insurance & pension market in Vietnam, 2024
- Figure 7: Drivers of supplier power in the life insurance & pension market in Vietnam, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Vietnam, 2024
- Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Vietnam, 2024
- Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Vietnam, 2024
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