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Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Vietnamese life insurance segment, and a comparison of the Vietnamese insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Vietnamese economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Vietnamese personal accident and health insurance segment, including:

  • An overview of the Vietnamese personal accident and health insurance segment
  • The Vietnamese personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Vietnamese economy and demographics
  • A comparison of the Vietnamese personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Vietnamese personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Vietnam
  • Details of regulatory policy applicable to the Vietnamese insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Vietnam:
  • It provides historical values for the Vietnamese personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Vietnamese personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Vietnamese personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Vietnam.
  • It profiles the top personal accident and health insurance companies in Vietnam, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Vietnamese personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Vietnamese personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Vietnamese insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The revised Law on Social Insurance came into effect from January 1, 2016.
  • The government issued Decree No. 73/2016/ND-CP on implementation and amendments to certain articles of the Law on Insurance Business, which came into effect from July 1, 2016.
  • Effective from January 2015, National Assembly issued Law No. 46/2014/QH11 making it compulsory for all Vietnamese citizens including employees, workers, army and police force, and dependents to participate in the National Health Insurance (NHI) program.
  • Effective from July 2016, the New Penal Code criminalizes insurance fraud and holds both violating individuals and commercial legal entities liable. In June 2016, government introduced health insurance medical information system, with an objective to ensure transparency and prevent insurance fraud.


  • Key Facts and Highlights
    • Table Vietnamese Personal Accident and Health Insurance - Key Facts, 2015
    • Table Vietnamese Personal Accident and Health Insurance -Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Vietnamese Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross Written Premium and Penetration
        • Table Vietnamese Personal Accident and Health Insurance - Gross Written Premium (VND Trillion and US$ Million), 2011-2015
        • Table Vietnamese Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Vietnamese Personal Accident and Health Insurance - Gross Written Premium (VND Trillion and US$ Million), 2015-2020
        • Table Vietnamese Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Vietnamese Personal Accident and Health Insurance - Premium per Capita (VND and US$), 2011-2015
        • Table Vietnamese Personal Accident and Health Insurance - Premium per Capita (VND and US$), 2015-2020
      • Claims
        • Table Vietnamese Personal Accident and Health Insurance - Paid Claims (VND Trillion and US$ Million), 2011-2015
        • Table Vietnamese Personal Accident and Health Insurance - Paid Claims (VND Trillion and US$ Million), 2015-2020
      • Profitability
        • Table Vietnamese Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Vietnamese Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and Investments
        • Table Vietnamese Personal Accident and Health Insurance - Total Assets (VND Trillion and US$ Million), 2011-2015
        • Table Vietnamese Personal Accident and Health Insurance - Total Assets (VND Trillion and US$ Million), 2015-2020
        • Table Vietnamese Personal Accident and Health Insurance - Total Investment Income (VND Billion and US$ Million), 2011-2015
        • Table Vietnamese Personal Accident and Health Insurance - Total Investment Income (VND Billion and US$ Million), 2015-2020
        • Table Vietnamese Personal Accident and Health Insurance - Investment Portfolio (VND Billion), 2011-2015
        • Table Vietnamese Personal Accident and Health Insurance - Investment Portfolio (VND Billion), 2015-2020
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Vietnamese Personal Accident and Health Insurance -Leading Insurers, 2015
    • Company Profiles
      • T.p ðoàn B.o Vi.t - Company Overview
        • Table Insurance Company - Key Facts
      • T.ng Công ty C. ph.n B.o Minh - Company Overview
        • Table Insurance Company - Key Facts
      • Công ty C. ph.n PVI - Company Overview
        • Table Insurance Company - Key Facts
      • Công ty C. ph.n BH NH Nông Nghi.p Vi.t Nam - Company Overview
        • Table Insurance Company - Key Facts
      • T.ng Công ty C. Ph.n B.o Hi.m Buu Ði.n - Company Overview
        • Table Insurance Company - Key Facts
  • Governance, Risk and Compliance
    • Table Vietnam - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Table Vietnam - Insurance Agent Commission Rate
      • Life insurance
        • Table Vietnam - Life Insurance Regulatory Framework
      • Property insurance
        • Table Vietnam - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Vietnam- Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Vietnam - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
        • Table Vietnam - Tariff Rates for Motor Third-Party Liability Insurance
      • Aviation liability insurance
      • Fire and explosion insurance for high risk establishments
      • Social insurance
      • Construction insurance
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • Ministry of Finance
      • Insurance Supervisory Authority
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
        • Table Vietnam - Minimum Capital Requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Vietnam - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Vietnamese Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Vietnamese Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
      • Claims and Expenses
        • Table Vietnamese Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
        • Table Vietnamese Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
      • Assets and Investments
        • Table Vietnamese Personal Accident and Health Insurance - Assets and Investments, 2011-2015
        • Table Vietnamese Personal Accident and Health Insurance - Assets and Investments, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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