Life Insurance in Vietnam, Key Trends and Opportunities to 2016
0 likes229 views
This report provides an in-depth analysis of the life insurance market in Vietnam from 2007-2016. It finds that the life insurance segment grew at a strong compound annual growth rate of 14.3% from 2007-2011, driven by economic growth and increasing incomes. The majority of policies sold were endowment policies, accounting for 70.9% of premiums in 2011. The report provides historical data and forecasts segmented by product type and distribution channel, analyzing industry trends, regulations, and the competitive landscape among the top insurers in Vietnam.
Life Insurance in Vietnam, Key Trends and Opportunities to 2016
- 1. Life Insurance in Vietnam, Key Trends and Opportunities to 2016 Report Details: Published:September 2012 No. of Pages: 223 Price: Single User License – US$1950 Synopsis The report provides in depth market analysis, information and insights into the Vietnamese life insurance market, including: •The Vietnamese life insurance market’s growth prospects by life insurance categories and customer segments •The various distribution channels in the Vietnamese life insurance market •The competitive landscape in the Vietnamese life insurance market •A description of the life reinsurance market in Vietnam The Vietnamese life insurance segment has recorded significant growth since 2000, growth that was supported by the country’s strong macroeconomic and microeconomic fundamentals, as well as an increase in consumer awareness regarding the benefits of insurance products. As a result of these factors, the country’s life insurance segment registered a strong compound annual growth rate (CAGR) of 14.3% during the review period (2007–2011). Over the same timeframe, the majority of life insurance policies sold in Vietnam were endowment policies, with such polices accounting for a 70.9% share of the segment’s total written premiums in 2011. Meanwhile, individual life insurance products accounted for a 22% share, and supplementary insurance products accounted for a 5.1% share. The life insurance segment is expected to continue to expand over the forecast period, driven by the country’s economic growth, increasing annual disposable income levels, and expanding middle-class population. Scope This report provides a comprehensive analysis of the life insurance market in Vietnam: •It provides historical values for Vietnam’s life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period •It offers a detailed analysis of the key sub-segments in Vietnam’s life insurance market, along with market forecasts until 2016 •It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- 2. •It analyses the various distribution channels for life insurance products in Vietnam •Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Vietnam for the life insurance business •It provides a detailed analysis of the reinsurance market in Vietnam and its growth prospects •It profiles the top life insurance companies in Vietnam and outlines the key regulations affecting them Key highlights •The life insurance segment is expected to expand during the forecast period, due to the country’s growing economy, increasing annual disposable income levels and the expanding middle-class population. •The majority of life insurance policies sold in Vietnam were endowment policies, which accounted for a 70.9% share of the total written premium in 2011. •The Vietnamese life insurance segment is widely considered to be an emerging market with greater potential for further growth than the life insurance segments of other Asian countries, such as China and India. •In 2011, there was one domestic and eleven foreign life insurers operating in Vietnam, with the country’s foreign life insurers accounting for approximately two thirds of the country’s total life insurance written premiums. •With the entry of multinational insurers into the country during the review period, life insurance companies are increasingly recognizing bancassurance’s potential to be an important distribution channel and to help increase the penetration of insurance products in the country. Reasons to buy •Make strategic business decisions using historic and forecast market data related to the Vietnamese life insurance market and each sector within it •Understand the demand-side dynamics, key market trends and growth opportunities within the Vietnamese life insurance market •Assess the competitive dynamics in the life insurance market, along with the reinsurance segment •Identify the growth opportunities and market dynamics within key product categories •Gain insights into key regulations governing the Vietnamese insurance market and its impact on companies and the market's future Get your copy of this report @ http://www.reportsnreports.com/reports/194727-life-insurance-in-vietnam-key-trends-and-opportunities-to- 2016.html Major points covered in Table of Contents of this report include Table of Contents 1 Executive Summary 2 Introduction 2.1 What is this Report About? 2.2 Definitions
- 3. 2.3 Methodology 3 Vietnamese Insurance Industry Attractiveness 3.1 Insurance Industry Market Size, 2007–2016 3.2 Key Industry Trends and Drivers 3.2.1 Business drivers 3.2.2 Consumer drivers 3.3 Recent Market Developments 4 Life Insurance Segment Outlook 4.1 Life Insurance Growth Prospects by Category 4.1.1 Individual life insurance category 4.1.2 Individual general annuity category 4.1.3 Individual endowment category 4.1.4 Individual unit-linked insurance sub-category 4.1.5 Individual term life insurance category 4.1.6 Individual supplementary insurance category 4.1.7 Individual others category 4.1.8 Group life insurance category 4.2 Life Insurance Growth Prospects by Policy Type 4.2.1 Individual single premium policies 4.2.2 Individual non-single premium policies 4.2.3 Group non-single premium policies 5 Analysis by Distribution Channel 5.1 Direct Marketing Channel 5.2 Bancassurance Channel 5.3 Agencies Channel 5.4 E-Commerce Channel 5.5 Brokers Channel 5.6 Other Channels 6 Regulatory Policies 7 Porter’s Five Forces Analysis – Vietnamese Life Insurance 7.1 Bargaining Power of Supplier: Medium to High 7.2 Bargaining Power of Buyer: Low to Medium 7.3 Barriers to Entry: Low to Medium 7.4 Intensity of Rivalry: High 7.5 Threat of Substitutes: Medium 8 Reinsurance Growth Dynamics and Challenges 8.1 Reinsurance Market Size, 2007–2016 8.2 Reinsurance Market Size by Insurance Segment, 2007–2016 9 Competitive Landscape and Strategic Insights 9.1 Overview 9.2 Leading Companies in the Vietnamese Life Insurance Segment 9.3 Prudential Vietnam Assurance Private Limited – Company Overview
- 4. 9.3.1 Prudential Vietnam Assurance Private Limited – key facts 9.4 Bao Viet Life – Company Overview 9.4.1 Bao Viet Life – key facts 9.5 Manulife (Vietnam) Limited – Company Overview 9.5.1 Manulife (Vietnam) Limited – key facts 9.6 AIA (Vietnam) Life Insurance Co. Ltd – Company Overview 9.6.1 AIA (Vietnam) Life Insurance Co. Ltd – key facts 9.7 Dai-ichi Life Insurance Company of Vietnam Limited – Company Overview 9.7.1 Dai-ichi Life Insurance Company of Vietnam Ltd – key facts 9.8 Cathay Life Insurance Co. Ltd (Vietnam) – Company Overview 9.8.1 Cathay Life Insurance Co. Ltd (Vietnam) – key facts 9.9 PVI Insurance Corporation – Company Overview 9.9.1 PVI Insurance Corporation – key facts 10 Business Environment and Country Risk 10.1 Business Confidence 10.1.1 Market capitalization trend – Ho Chi Minh City Stock Exchange, Vietnam 10.2 Economic Performance 10.2.1 GDP at constant prices (US dollars) 10.2.2 GDP per capita at constant prices (US dollars) 10.2.3 GDP at current prices (US dollars) 10.2.4 GDP per capita at current prices (US dollars) 10.2.5 GDP split by key sectors 10.2.6 Agriculture net output at current prices (Vietnam Dong) 10.2.7 Agriculture net output at current prices (US dollars) 10.2.8 Agriculture net output at current prices as a percentage of GDP 10.2.9 Manufacturing net output at current prices (Vietnam Dong) 10.2.10 Manufacturing net output at current prices (US dollars) 10.2.11 Manufacturing net output at current prices as a percentage of GDP 10.2.12 Mining, manufacturing and utilities net output at current prices (Vietnam Dong) 10.2.13 Mining, manufacturing and utilities at current prices (US dollars) 10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP 10.2.15 Construction net output at current prices (Vietnam Dong) 10.2.16 Construction net output at current prices as a percentage of GDP 10.2.17 Construction net output at current prices (US dollars) 10.2.18 Inflation rate 10.2.19 Current account balance as a percentage of GDP 10.2.20 Exports growth 10.2.21 Imports growth 10.2.22 External debt as a percentage of GDP 10.2.23 Annual average exchange rate US$–VND 10.2.24 End-of-period exchange rate US$–VND 10.3 Infrastructure Quality and Availability
- 5. 10.3.1 Railways and roads 10.3.2 Passenger vehicle registration 10.3.3 Commercial vehicle registration 10.3.4 Healthcare expenditure 10.3.5 Healthcare expenditure as a percentage of GDP 10.3.6 Healthcare per capita expenditure 10.3.7 Total internet subscribers 10.4 Labor Force 10.4.1 Labor force 10.4.2 Unemployment rate 10.5 Demographics 10.5.1 Annual disposable income 10.5.2 Annual per capita disposable income 10.5.3 Total population 10.5.4 Urban and rural population 10.5.5 Females as a percentage of the total population 10.5.6 Males as a percentage of the total population 10.5.7 Median age of population 10.5.8 Population density 10.5.9 Age distribution of the total population 10.5.10 Age distribution of the male population 10.5.11 Age distribution of the female population 10.5.12 Number of households 10.6 Political and Social Risk 10.6.1 Political stability 10.6.2 Terrorism Index 10.6.3 Transparency index 11 Appendix 11.1 Methodology 11.2 Contact Us 11.3 About Timetric 11.4 Disclaimer List of Tables Table 1: Insurance Industry Definitions Table 2: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2007–2011 Table 3: Vietnamese Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011 Table 4: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2011–2016 Table 5: Vietnamese Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016 Table 6: Vietnamese Insurance Segmentation (% Share), 2007–2016 Table 7: Vietnamese Life Insurance Written Premium by Category (VND Billion), 2007–2011 Table 8: Vietnamese Life Insurance Written Premium by Category (US$ Billion), 2007–2011 Table 9: Vietnamese Life Insurance Written Premium by Category (VND Billion), 2011–2016
- 6. Table 10: Vietnamese Life Insurance Written Premium by Category (US$ Billion), 2011–2016 Table 11: Vietnamese Life Insurance – Earned Premium (VND Billion), 2007–2011 Table 12: Vietnamese Life Insurance – Earned Premium (VND Billion), 2011–2016 Table 13: Vietnamese Life Insurance – Sum Assured (VND Trillion), 2007–2011 Table 14: Vietnamese Life Insurance – Sum Assured (VND Trillion), 2011–2016 Table 15: Vietnamese Life Insurance – Paid Claims (VND Billion), 2007–2011 Table 16: Vietnamese Life Insurance – Paid Claims (VND Billion), 2011–2016 Table 17: Vietnamese Life Insurance – Incurred Loss (VND Billion), 2007–2011 Table 18: Vietnamese Life Insurance – Incurred Loss (VND Billion), 2011–2016 Table 19: Vietnamese Life Insurance – Loss Ratio (%), 2007–2011 Table 20: Vietnamese Life Insurance – Loss Ratio (%), 2011–2016 Table 21: Vietnamese Life Insurance – Commissions and Expenses (VND Billion), 2007–2011 Table 22: Vietnamese Life Insurance – Commissions and Expenses (VND Billion), 2011–2016 Table 23: Vietnamese Life Insurance – Combined Ratio (%), 2007–2011 Table 24: Vietnamese Life Insurance – Combined Ratio (%), 2011–2016 Table 25: Vietnamese Life Insurance – Frauds and Crimes (VND Billion), 2007–2011 Table 26: Vietnamese Life Insurance – Frauds and Crimes (VND Billion), 2011–2016 Table 27: Vietnamese Life Insurance – Total Assets (VND Billion), 2007–2011 Table 28: Vietnamese Life Insurance – Total Assets (VND Billion), 2011–2016 Table 29: Vietnamese Life Insurance – Total Investment Income (VND Billion), 2007–2011 Table 30: Vietnamese Life Insurance – Total Investment Income (VND Billion), 2011–2016 Table 31: Vietnamese Life Insurance – Retentions (VND Billion), 2007–2011 Table 32: Vietnamese Life Insurance – Retentions (VND Billion), 2011–2016 Table 33: Vietnamese Individual Life Insurance Category – Number of Active Policies (Thousand), 2007–2011 Table 34: Vietnamese Individual Life Insurance Category – Number of Active Policies, 2011–2016 Table 35: Vietnamese Individual Life Insurance Category – Written Premium (VND Billion), 2007–2011 Table 36: Vietnamese Individual Life Insurance Category – Written Premium (VND Billion), 2011–2016 Table 37: Vietnamese Individual General Annuity Category – Number of Active Policies (Thousand), 2007–2011 Table 38: Vietnamese Individual General Annuity Category – Number of Active Policies (Thousand), 2011–2016 Table 39: Vietnamese Individual General Annuity Category – Written Premium (VND Billion), 2007–2011 Table 40: Vietnamese Individual General Annuity Category – Written Premium (VND Billion), 2011–2016 Table 41: Vietnamese Individual Endowment Category – Number of Active Policies (Thousand), 2007–2011 Table 42: Vietnamese Individual Endowment Category – Number of Active Policies (Thousand), 2011–2016
- 7. Table 43: Vietnamese Individual Endowment Category – Written Premium (VND Billion), 2007–2011 Table 44: Vietnamese Individual Endowment Category – Written Premium (VND Billion), 2011–2016 Table 45: Vietnamese Individual Unit-Linked Insurance Sub-Category – Number of Active Policies (Thousand), 2007–2011 Table 46: Vietnamese Individual Unit-Linked Insurance Sub-Category – Number of Active Policies (Thousand), 2011–2016 Table 47: Vietnamese Individual Unit-Linked Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Table 48: Vietnamese Individual Unit-Linked Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Table 49: Vietnamese Individual Term Life Insurance Category – Number of Active Policies (Thousand), 2007–2011 Table 50: Vietnamese Individual Term Life Insurance Category – Number of Active Policies (Thousand), 2011–2016 Table 51: Vietnamese Individual Term Life Insurance Category – Written Premium (VND Billion), 2007–2011 Table 52: Vietnamese Individual Term Life Insurance Category – Written Premium (VND Billion), 2011–2016 Table 53: Vietnamese Individual Supplementary Category – Number of Active Policies (Thousand), 2007–2011 Table 54: Vietnamese Individual Supplementary Category – Number of Active Policies (Thousand), 2011–2016 Table 55: Vietnamese Individual Supplementary Category – Written Premium (VND Billion), 2007–2011 Table 56: Vietnamese Individual Supplementary Category – Written Premium (VND Billion), 2011–2016 Table 57: Vietnamese Individual Others Category – Number of Active Policies (Thousand), 2007–2011 Table 58: Vietnamese Individual Others Category – Number of Active Policies (Thousand), 2011–2016 Table 59: Vietnamese Individual Others Category – Written Premium (VND Billion), 2007–2011 Table 60: Vietnamese Individual Others Category – Written Premium (VND Billion), 2011–2016 Table 61: Vietnamese Group Life Insurance Category – Number of Active Policies (Thousand), 2007–2011 Table 62: Vietnamese Group Life Insurance Category – Number of Active Policies (Thousand), 2011–2016 Table 63: Vietnamese Group Life Insurance Category – Written Premium (VND Billion), 2007–2011 Table 64: Vietnamese Group Life Insurance Category – Written Premium (VND Billion), 2011–2016
- 8. Table 65: Vietnamese Individual Single Premium Policies – Number of Active Policies (Thousand), 2007–2011 Table 66: Vietnamese Individual Single Premium Policies – Number of Active Policies (Thousand), 2011–2016 Table 67: Vietnamese Individual Single Premium Policies – Written Premium (VND Billion), 2007–2011 Table 68: Vietnamese Individual Single Premium Policies – Written Premium (VND Billion), 2011–2016 Table 69: Vietnamese Individual Non-Single Premium Policies – Number of Active Policies (Thousand), 2007–2011 Table 70: Vietnamese Individual Non-Single Premium Policies – Number of Active Policies (Thousand), 2011–2016 Table 71: Vietnamese Individual Non-Single Premium Policies – Written Premium (VND Billion), 2007–2011 Table 72: Vietnamese Individual Non-Single Premium Policies – Written Premium (VND Billion), 2011–2016 Table 73: Vietnamese Group Non-Single Premium Policies – Number of Active Policies (Thousand), 2007–2011 Table 74: Vietnamese Group Non-Single Premium Policies – Number of Active Policies (Thousand), 2011–2016 Table 75: Vietnamese Group Non-Single Premium Policies – Written Premium (VND Billion), 2007–2011 Table 76: Vietnamese Group Non-Single Premium Policies – Written Premium (VND Billion), 2011–2016 Table 77: Vietnamese Life Insurance – Direct Marketing Commission Paid (VND Billion), 2007–2011 Table 78: Vietnamese Life Insurance – Direct Marketing Commission Paid (VND Billion), 2011–2016 Table 79: Vietnamese Life Insurance – New Business Written Premium Through Direct Marketing (VND Billion), 2007–2011 Table 80: Vietnamese Life Insurance – New Business Written Premium Through Direct Marketing (VND Billion), 2011–2016 Table 81: Vietnamese Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2007–2011 Table 82: Vietnamese Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2011–2016 Table 83: Vietnamese Life Insurance – Number of Direct Marketing Distributors, 2007–2011 Table 84: Vietnamese Life Insurance – Number of Direct Marketing Distributors, 2011–2016 Table 85: Vietnamese Life Insurance – Bancassurance Commission Paid (VND Billion), 2007–2011 Table 86: Vietnamese Life Insurance – Bancassurance Commission Paid (VND Billion), 2011–2016
- 9. Table 87: Vietnamese Life Insurance – New Business Written Premium Through Bancassurance (VND Billion), 2007–2011 Table 88: Vietnamese Life Insurance – New Business Written Premium Through Bancassurance (VND Billion), 2011–2016 Table 89: Vietnamese Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2007–2011 Table 90: Vietnamese Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2011–2016 Table 91: Vietnamese Life Insurance – Number of Bancassurance Distributors, 2007–2011 Table 92: Vietnamese Life Insurance – Number of Bancassurance Distributors, 2011–2016 Table 93: Vietnamese Life Insurance – Commission Paid to Agencies (VND Billion), 2007–2011 Table 94: Vietnamese Life Insurance – Commission Paid to Agencies (VND Billion), 2011–2016 Table 95: Vietnamese Life Insurance – New Business Written Premium Through Agencies (VND Billion), 2007–2011 Table 96: Vietnamese Life Insurance – New Business Written Premium Through Agencies (VND Billion), 2011–2016 Table 97: Vietnamese Life Insurance – New Policies Sold Through Agencies (Thousand), 2007–2011 Table 98: Vietnamese Life Insurance – New Policies Sold Through Agencies (Thousand), 2011–2016 Table 99: Vietnamese Life Insurance – Number of Agencies, 2007–2011 Table 100: Vietnamese Life Insurance – Number of Agencies, 2011–2016 Table 101: Vietnamese Life Insurance – E-Commerce Commission Paid (VND Billion), 2007–2011 Table 102: Vietnamese Life Insurance – E-Commerce Commission Paid (VND Billion), 2011–2016 Table 103: Vietnamese Life Insurance – New Business Written Premium Through E-Commerce (VND Billion), 2007–2011 Table 104: Vietnamese Life Insurance – New Business Written Premium Through E-Commerce (VND Billion), 2011–2016 Table 105: Vietnamese Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2007–2011 Table 106: Vietnamese Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2011–2016 Table 107: Vietnamese Life Insurance – Number of E-Commerce Distributors, 2007–2011 Table 108: Vietnamese Life Insurance – Number of E-Commerce Distributors, 2011–2016 Table 109: Vietnamese Life Insurance – Commission Paid to Brokers (VND Billion), 2007–2011 Table 110: Vietnamese Life Insurance – Commission Paid to Brokers (VND Billion), 2011–2016 Table 111: Vietnamese Life Insurance – New Business Written Premium Through Brokers (VND Billion), 2007–2011 Table 112: Vietnamese Life Insurance – New Business Written Premium Through Brokers (VND Billion), 2011–2016 Table 113: Vietnamese Life Insurance – New Policies Sold Through Brokers (Thousand), 2007–2011
- 10. Table 114: Vietnamese Life Insurance – New Policies Sold Through Brokers (Thousand), 2011–2016 Table 115: Vietnamese Life Insurance – Number of Brokers, 2007–2011 Table 116: Vietnamese Life Insurance – Number of Brokers, 2011–2016 Table 117: Vietnamese Life Insurance – Commission Paid to Other Channels (VND Billion), 2007–2011 Table 118: Vietnamese Life Insurance – Commission Paid to Other Channels (VND Billion), 2011–2016 Table 119: Vietnamese Life Insurance – New Business Written Premium Through Other Channels (VND Billion), 2007–2011 Table 120: Vietnamese Life Insurance – New Business Written Premium Through Other Channels (VND Billion), 2011–2016 Table 121: Vietnamese Life Insurance – New Policies Sold Through Other Channels (Thousand), 2007–2011 Table 122: Vietnamese Life Insurance – New Policies Sold Through Other Channels (Thousand), 2011–2016 Table 123: Vietnamese Life Insurance – Number of Distributors in Other Channels, 2007–2011 Table 124: Vietnamese Life Insurance – Number of Distributors in Other Channels, 2011–2016 Table 125: Vietnamese Reinsurance Segment, Market Size by Category, (VND Billion), 2007–2011 Table 126: Vietnamese Reinsurance Segment, Market Size by Category, (US$ Billion), 2007–2011 Table 127: Vietnamese Reinsurance Segment, Market Size by Category, (VND Billion), 2011–2016 Table 128: Vietnamese Reinsurance Segment, Market Size by Category, (US$ Billion), 2011–2016 Table 129: Vietnamese Premium Ceded to Reinsurance by Insurance Segment (VND Billion), 2007–2011 Table 130: Vietnamese Premium Ceded to Reinsurance by Insurance Segment (US$ Billion), 2007–2011 Table 131: Vietnamese Premium Ceded to Reinsurance by Insurance Segment (VND Billion), 2011–2016 Table 132: Vietnamese Premium Ceded to Reinsurance by Insurance Segment (US$ Billion), 2011–2016 Table 133: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011 Table 134: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016 Table 135: Vietnamese Life Insurance Market Share (%), 2010 Table 136: Prudential Vietnam Assurance Private Limited, Key Facts Table 137: Bao Viet Life, Key Facts Table 138: Company 3, Key Facts Table 139: AIA (Vietnam) Life Insurance Co. Ltd, Key Facts Table 140: Dai-ichi Life Insurance Company of Vietnam Ltd, Key Facts
- 11. Table 141: Cathay Life Insurance Co. Ltd (Vietnam), Key Facts Table 142: PVI Insurance Corporation, Key Facts List of Figures Figure 1: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2007–2016 Figure 2: Vietnamese Insurance Market Dynamics by Segment, 2007–2016 Figure 3: Vietnamese Life Insurance Written Premium by Category (VND Billion), 2007–2016 Figure 4: Vietnamese Life Insurance Written Premium by Category (% Share), 2011 and 2016 Figure 5: Vietnamese Life Insurance Market Dynamics by Category, 2007–2016 Figure 6: Vietnamese Life Insurance – Earned Premium (VND Billion), 2007–2011 Figure 7: Vietnamese Life Insurance – Earned Premium (VND Billion), 2011–2016 Figure 8: Vietnamese Life Insurance – Sum Assured (VND Trillion), 2007–2011 Figure 9: Vietnamese Life Insurance – Sum Assured (VND Trillion), 2011–2016 Figure 10: Vietnamese Life Insurance – Paid Claims (VND Billion), 2007–2011 Figure 11: Vietnamese Life Insurance – Paid Claims (VND Billion), 2011–2016 Figure 12: Vietnamese Life Insurance – Incurred Loss (VND Billion), 2007–2011 Figure 13: Vietnamese Life Insurance – Incurred Loss (VND Billion), 2011–2016 Figure 14: Vietnamese Life Insurance – Loss Ratio (%), 2007–2011 Figure 15: Vietnamese Life Insurance – Loss Ratio (%), 2011–2016 Figure 16: Vietnamese Life Insurance – Commissions and Expenses (VND Billion), 2007–2011 Figure 17: Vietnamese Life Insurance – Commissions and Expenses (VND Billion), 2011–2016 Figure 18: Vietnamese Life Insurance – Combined Ratio (%), 2007–2011 Figure 19: Vietnamese Life Insurance – Combined Ratio (%), 2011–2016 Figure 20: Vietnamese Life Insurance – Frauds and Crimes (VND Billion), 2007–2011 Figure 21: Vietnamese Life Insurance – Frauds and Crimes (VND Billion), 2011–2016 Figure 22: Vietnamese Life Insurance – Total Assets (VND Billion), 2007–2011 Figure 23: Vietnamese Life Insurance – Total Assets (VND Billion), 2011–2016 Figure 24: Vietnamese Life Insurance – Total Investment Income (VND Billion), 2007–2011 Figure 25: Vietnamese Life Insurance – Total Investment Income (VND Billion), 2011–2016 Figure 26: Vietnamese Life Insurance – Retentions (VND Billion), 2007–2011 Figure 27: Vietnamese Life Insurance – Retentions (VND Billion), 2011–2016 Figure 28: Vietnamese Life Insurance – Investment Portfolio (VND Billion), 2007–2011 Figure 29: Vietnamese Life Insurance – Investment Portfolio, 2007 and 2011 Figure 30: Vietnamese Life Insurance Penetration, 2007–2011 Figure 31: Vietnamese Life Insurance Density (Number of Policies per Capita), 2007–2011 Figure 32: Vietnamese Life Insurance – Number of Active Policies (Thousand), 2007–2011 Figure 33: Vietnamese Life Insurance – Number of Active Policies (Thousand), 2011–2016 Figure 34: Vietnamese Life Insurance – Premium Per Capita (VND), 2007–2011 Figure 35: Vietnamese Individual Life Insurance Category – Number of Active Policies (Thousand), 2007–2011 Figure 36: Vietnamese Individual Life Insurance Category – Number of Active Policies (Thousand), 2011–2016 Figure 37: Vietnamese Individual Life Insurance Category – Written Premium (VND Billion),
- 12. 2007–2011 Figure 38: Vietnamese Individual Life Insurance Category – Written Premium (VND Billion), 2011–2016 Figure 39: Vietnamese Individual General Annuity Category – Number of Active Policies (Thousand), 2007–2011 Figure 40: Vietnamese Individual General Annuity Category – Number of Active Policies (Thousand), 2011–2016 Figure 41: Vietnamese Individual General Annuity Category – Written Premium (VND Billion), 2007–2011 Figure 42: Vietnamese Individual General Annuity Category – Written Premium (VND Billion), 2011–2016 Figure 43: Vietnamese Individual Endowment Category – Number of Active Policies (Thousand), 2007–2011 Figure 44: Vietnamese Individual Endowment Category – Number of Active Policies (Thousand), 2011–2016 Figure 45: Vietnamese Individual Endowment Category – Written Premium (VND Billion), 2007–2011 Figure 46: Vietnamese Individual Endowment Category – Written Premium (VND Billion), 2011–2016 Figure 47: Vietnamese Individual Unit-Linked Insurance Sub-Category – Number of Active Policies (Thousand), 2007–2011 Figure 48: Vietnamese Individual Unit-Linked Insurance Sub-Category – Number of Active Policies (Thousand), 2011–2016 Figure 49: Vietnamese Individual Unit-Linked Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Figure 50: Vietnamese Individual Unit-Linked Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Figure 51: Vietnamese Individual Term Life Insurance Category – Number of Active Policies (Thousand), 2007–2011 Figure 52: Vietnamese Individual Term Life Insurance Category – Number of Active Policies (Thousand), 2011–2016 Figure 53: Vietnamese Individual Term Life Insurance Category – Written Premium (VND Billion), 2007–2011 Figure 54: Vietnamese Individual Term Life Insurance Category – Written Premium (VND Billion), 2011–2016 Figure 55: Vietnamese Individual Supplementary Category – Number of Active Policies (Thousand), 2007–2011 Figure 56: Vietnamese Individual Supplementary Category – Number of Active Policies (Thousand), 2011–2016 Figure 57: Vietnamese Individual Supplementary Category – Written Premium (VND Billion), 2007–2011 Figure 58: Vietnamese Individual Supplementary Category – Written Premium (VND Billion),
- 13. 2011–2016 Figure 59: Vietnamese Individual Others Category – Number of Active Policies (Thousand), 2007–2011 Figure 60: Vietnamese Individual Others Category – Number of Active Policies (Thousand), 2011–2016 Figure 61: Vietnamese Individual Others Category – Written Premium (VND Billion), 2007–2011 Figure 62: Vietnamese Individual Others Category – Written Premium (VND Billion), 2011–2016 Figure 63: Vietnamese Group Life Insurance Category – Number of Active Policies (Thousand), 2007–2011 Figure 64: Vietnamese Group Life Insurance Category – Number of Active Policies (Thousand), 2011–2016 Figure 65: Vietnamese Group Life Insurance Category – Written Premium (VND Billion), 2007–2011 Figure 66: Vietnamese Group Life Insurance Category – Written Premium (VND Billion), 2011–2016 Figure 67: Vietnamese Individual Single Premium Policies – Number of Active Policies (Thousand), 2007–2011 Figure 68: Vietnamese Individual Single Premium Policies – Number of Active Policies (Thousand), 2011–2016 Figure 69: Vietnamese Individual Single Premium Policies – Written Premium (VND Billion), 2007–2011 Figure 70: Vietnamese Individual Single Premium Policies – Written Premium (VND Billion), 2011–2016 Figure 71: Vietnamese Individual Non-Single Premium Policies – Number of Active Policies (Thousand), 2007–2011 Figure 72: Vietnamese Individual Non-Single Premium Policies – Number of Active Policies (Thousand), 2011–2016 Figure 73: Vietnamese Individual Non-Single Premium Policies – Written Premium (VND Billion), 2007–2011 Figure 74: Vietnamese Individual Non-Single Premium Policies – Written Premium (VND Billion), 2011–2016 Figure 75: Vietnamese Group Non-Single Premium Policies – Number of Active Policies (Thousand), 2007–2011 Figure 76: Vietnamese Group Non-Single Premium Policies – Number of Active Policies (Thousand), 2011–2016 Figure 77: Vietnamese Group Non-Single Premium Policies – Written Premium (VND Billion), 2007–2011 Figure 78: Vietnamese Group Non-Single Premium Policies – Written Premium (VND Billion), 2011–2016 Figure 79: Vietnamese Life Insurance New Business Written Premium by Distribution Channel (% Share), 2011 and 2016 Figure 80: Vietnamese Life Insurance – Direct Marketing Commission Paid (VND Billion),
- 14. 2007–2011 Figure 81: Vietnamese Life Insurance – Direct Marketing Commission Paid (VND Billion), 2011–2016 Figure 82: Vietnamese Life Insurance – New Business Written Premium Through Direct Marketing (VND Billion), 2007–2011 Figure 83: Vietnamese Life Insurance – New Business Written Premium Through Direct Marketing (VND Billion), 2011–2016 Figure 84: Vietnamese Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2007–2011 Figure 85: Vietnamese Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2011–2016 Figure 86: Vietnamese Life Insurance – Number of Direct Marketing Distributors, 2007–2011 Figure 87: Vietnamese Life Insurance – Number of Direct Marketing Distributors, 2011–2016 Figure 88: Vietnamese Life Insurance – Bancassurance Commission Paid (VND Billion), 2007–2011 Figure 89: Vietnamese Life Insurance – Bancassurance Commission Paid (VND Billion), 2011–2016 Figure 90: Vietnamese Life Insurance – New Business Written Premium Through Bancassurance (VND Billion), 2007–2011 Figure 91: Vietnamese Life Insurance – New Business Written Premium Through Bancassurance (VND Billion), 2011–2016 Figure 92: Vietnamese Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2007–2011 Figure 93: Vietnamese Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2011–2016 Figure 94: Vietnamese Life Insurance – Number of Bancassurance Distributors, 2007–2011 Figure 95: Vietnamese Life Insurance – Number of Bancassurance Distributors, 2011–2016 Figure 96: Vietnamese Life Insurance – Commission Paid to Agencies (VND Billion), 2007–2011 Figure 97: Vietnamese Life Insurance – Commission Paid to Agencies (VND Billion), 2011–2016 Figure 98: Vietnamese Life Insurance – New Business Written Premium Through Agencies (VND Billion), 2007–2011 Figure 99: Vietnamese Life Insurance – New Business Written Premium Through Agencies (VND Billion), 2011–2016 Figure 100: Vietnamese Life Insurance – New Policies Sold Through Agencies (Thousand), 2007–2011 Figure 101: Vietnamese Life Insurance – New Policies Sold Through Agencies (Thousand), 2011–2016 Figure 102: Vietnamese Life Insurance – Number of Agencies, 2007–2011 Figure 103: Vietnamese Life Insurance – Number of Agencies, 2011–2016 Figure 104: Vietnamese Life Insurance – E-Commerce Commission Paid (VND Billion), 2007–2011 Figure 105: Vietnamese Life Insurance – E-Commerce Commission Paid (VND Billion),
- 15. 2011–2016 Figure 106: Vietnamese Life Insurance – New Business Written Premium Through E-Commerce (VND Billion), 2007–2011 Figure 107: Vietnamese Life Insurance – New Business Written Premium Through E-Commerce (VND Billion), 2011–2016 Figure 108: Vietnamese Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2007–2011 Figure 109: Vietnamese Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2011–2016 Figure 110: Vietnamese Life Insurance – Number of E-Commerce Distributors, 2007–2011 Figure 111: Vietnamese Life Insurance – Number of E-Commerce Distributors, 2011–2016 Figure 112: Vietnamese Life Insurance – Commission Paid to Brokers (VND Billion), 2007–2011 Figure 113: Vietnamese Life Insurance – Commission Paid to Brokers (VND Billion), 2011–2016 Figure 114: Vietnamese Life Insurance – New Business Written Premium Through Brokers (VND Billion), 2007–2011 Figure 115: Vietnamese Life Insurance – New Business Written Premium Through Brokers (VND Billion), 2011–2016 Figure 116: Vietnamese Life Insurance – New Policies Sold Through Brokers (Thousand), 2007–2011 Figure 117: Vietnamese Life Insurance – New Policies Sold Through Brokers (Thousand), 2011–2016 Figure 118: Vietnamese Life Insurance – Number of Brokers, 2007–2011 Figure 119: Vietnamese Life Insurance – Number of Brokers, 2011–2016 Figure 120: Vietnamese Life Insurance – Commission Paid to Other Channels (VND Billion), 2007–2011 Figure 121: Vietnamese Life Insurance – Commission Paid to Other Channels (VND Billion), 2011–2016 Figure 122: Vietnamese Life Insurance – New Business Written Premium Through Other Channels (VND Billion), 2007–2011 Figure 123: Vietnamese Life Insurance – New Business Written Premium Through Other Channels (VND Billion), 2011–2016 Figure 124: Vietnamese Life Insurance – New Policies Sold Through Other Channels (Thousand), 2007–2011 Figure 125: Vietnamese Life Insurance – New Policies Sold Through Other Channels (Thousand), 2011–2016 Figure 126: Vietnamese Life Insurance – Number of Distributors in Other Channels, 2007–2011 Figure 127: Vietnamese Life Insurance – Number of Distributors in Other Channels, 2011–2016 Figure 128: Vietnamese Life Insurance – Porter’s Five Forces Analysis Figure 129: Vietnamese Premium Ceded to Reinsurance by Category (VND Billion), 2007–2016 Figure 130: Vietnamese Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016 Figure 131: Reinsurance Market Dynamics by Category, 2007–2016 Figure 132: Vietnamese Premium Ceded to Reinsurance by Insurance Segment (VND Billion),
- 16. 2007–2016 Figure 133: Vietnamese Reinsurance Market Dynamics by Insurance Segment, 2007–2016 Figure 134: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011 Figure 135: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016 Figure 136: Vietnamese Life Insurance Market Share (%), 2010 Figure 137: Vietnamese Ho Chi Minh City Stock Exchange, Market Capitalization, (US$ Billion), 2007–2011 Figure 138: Vietnamese GDP at Constant Prices (US$ Billion), 2007–2011 Figure 139: Vietnamese GDP Per Capita at Constant Prices (US$), 2007–2011 Figure 140: Vietnamese GDP at Current Prices (US$ Billion), 2007–2011 Figure 141: Vietnamese GDP Per Capita at Current Prices (US$), 2007–2011 Figure 142: Vietnamese GDP Split by Key Sectors (%), 2010 and 2011 Figure 143: Vietnamese Agriculture Net Output at Current Prices (VND Billion), 2007–2011 Figure 144: Vietnamese Agriculture Net Output at Current Prices (US$ Billion), 2007–2011 Figure 145: Vietnamese Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2011 Figure 146: Vietnamese Manufacturing Net Output at Current Prices (VND Billion), 2007–2011 Figure 147: Vietnamese Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011 Figure 148: Vietnamese Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011 Figure 149: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices (VND Billion), 2007–2011 Figure 150: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011 Figure 151: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011 Figure 152: Vietnamese Construction Net Output at Current Prices (VND Billion), 2007–2011 Figure 153: Vietnamese Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011 Figure 154: Vietnamese Construction Net Output at Current Prices (US$ Billion), 2007–2011 Figure 155: Vietnamese Inflation Rate (%), 2007–2011 Figure 156: Vietnamese Current Account Balance as a Percentage of GDP (%), 2007–2011 Figure 157: Vietnamese Exports Growth (%), 2007–2011 Figure 158: Vietnamese Imports Growth (%), 2007–2011 Figure 159: Vietnamese External Debt as a Percentage of GDP (%), 2007–2011 Figure 160: Vietnamese Annual Average Exchange Rate (US$–VND), 2007–2011 Figure 161: Vietnamese End-of-Period Exchange Rate (US$–VND), 2007–2011 Figure 162: Vietnamese Railways and Roads (Kilometers), 2011 Figure 163: Vietnamese Passenger Vehicle Registration (Units), 2007–2011 Figure 164: Vietnamese Commercial Vehicle Registration (Units), 2007–2011 Figure 165: Vietnamese Healthcare Expenditure (US$ Billion), 2007–2011 Figure 166: Vietnamese Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
- 17. Figure 167: Vietnamese Per Capita Healthcare Expenditure (US$), 2007–2011 Figure 168: Vietnamese Internet Subscribers (Millions), 2007–2011 Figure 169: Vietnamese Size of Labor Force in 15–59 Age Group (Million), 2007–2011 Figure 170: Vietnamese Unemployment Rate (%), 2007–2011 Figure 171: Vietnamese Annual Disposable Income (US$ Billion), 2007–2011 Figure 172: Vietnamese Annual Per Capita Disposable Income (US$), 2007–2011 Figure 173: Vietnamese Total Population (Million), 2007–2011 Figure 174: Vietnamese Urban and Rural Population (%), 2007–2011 Figure 175: Vietnamese Females as a Percentage of the Total Population (%), 2007–2011 Figure 176: Vietnamese Males as a Percentage of the Total Population (%), 2007–2011 Figure 177: Vietnamese Median Age of Population (Years), 2007–2011 Figure 178: Vietnamese Population Density (per Square Kilometer), 2007–2011 Figure 179: Vietnamese Total Population Distribution by Age (%), 2007–2011 Figure 180: Vietnamese Male Population Distribution by Age (%), 2007–2011 Figure 181: Vietnamese Female Population Distribution by Age (%), 2007–2011 Figure 182: Vietnamese Number of Households (Million), 2007–2011 Figure 183: Global Terrorism Heat Map Figure 184: Vietnamese Transparency Index, 2007–2011 Contact: [email protected] for more information.