Non-Life Insurance in Vietnam, Key Trends and Opportunities to 2016
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This document provides a 246-page market analysis report on non-life insurance trends in Vietnam between 2007-2016. It analyzes growth prospects, distribution channels, competitive landscape, and key regulations for property, motor, liability and other non-life insurance categories. The report finds that Vietnam's strong economic growth supported the expansion of the non-life insurance sector, and that growth over 2012-2016 will be driven by development in automobile, real estate and construction industries requiring new insurance products. Property insurance was the largest non-life category in 2011.
Non-Life Insurance in Vietnam, Key Trends and Opportunities to 2016
- 1. Non-Life Insurance in Vietnam, Key Trends and Opportunities to 2016 Report Details: Published:September 2012 No. of Pages: 246 Price: Single User License – US$1950 Synopsis The report provides in depth market analysis, information and insights into the Vietnamese non-life insurance market, including: •The Vietnamese non-life insurance market’s growth prospects by non-life insurance categories •The various distribution channels in the Vietnamese non-life insurance market •The competitive landscape in the non-life insurance market in Vietnam •A description of the non-life reinsurance market in Vietnam Executive summary The Vietnamese non-life insurance segment's growth during the review period was supported by the country’s robust economic growth, expanding automobile industry, and increasing middle-class population. Vietnam is one of the fastest-growing economies in Southeast Asia, indeed the Vietnamese economy is expected to grow at a faster rate than both India and China over the forecast period. Over the forecast period (2012–2016), the growth of the non-life insurance segment will be driven by the development of the country’s automobile, real estate and construction markets. These industries will require innovative non-life insurance products to aid their expansion, creating a larger customer base for non-life insurers. Property insurance was the largest category in the Vietnamese non-life insurance segment in 2011, followed by motor insurance. Scope This report provides a comprehensive analysis of the non-life insurance market in Vietnam: •It provides historical values for Vietnam’s non-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 non-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 •It analyses the various distribution channels for non-life insurance products in Vietnam
- 2. •Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Vietnam for the non-life insurance business •It provides a detailed analysis of the reinsurance market in Vietnam and its growth prospects •It profiles the top non-life insurance companies in Vietnam and outlines the key regulations affecting them Key highlights •Over the forecast period (2012–2016), the growth of the non-life insurance segment will be driven by the development of the country’s automobile, real estate and construction markets. •Vietnam is one of the fastest-growing economies in Southeast Asia, indeed the Vietnamese economy is expected to grow at a faster rate than both India and China over the forecast period. •Despite the adverse impact of the global economic crisis, Vietnam registered sustained economic growth during the review period. •Property insurance is the third-largest category in the Vietnamese non-life insurance segment, accounting for a market share of 27.1% of non-life insurance written premium in 2011. •Traditionally, Vietnamese life insurers relied on a large network of insurance agents. However, during the review period multinational corporations have increasingly recognized bancassurance as an important channel for the distribution of products. Reasons to buy •Make strategic business decisions using historic and forecast market data related to the Vietnamese non-life insurance market and each sector within it •Understand the demand-side dynamics, key market trends and growth opportunities within the Vietnamese non-life insurance market •Assess the competitive dynamics in the non-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/194827-non-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 2.3 Methodology 3 Vietnamese Insurance Industry Attractiveness 3.1 Insurance Industry Market Size, 2007–2016 3.2 Key Industry Trends and Drivers
- 3. 3.2.1 Business drivers 3.2.2 Consumer drivers 3.3 Recent Market Developments 4 Non-Life Insurance Segment Outlook 4.1 Non-Life Insurance Growth Prospects by Category 4.1.1 Property insurance category 4.1.2 Fire and allied perils insurance sub-category 4.1.3 Engineering insurance sub-category 4.1.4 Agriculture insurance sub-category 4.1.5 Other property sub-category 4.2 Motor Insurance Category 4.2.1 Motor hull sub-category 4.2.2 Motor third-party sub-category 4.3 General Third-Party Category 4.4 Marine, Aviation and Transit Category 4.4.1 Marine sub-category 4.4.2 Marine hull sub-category 4.4.3 Marine third-party sub-category 4.4.4 Aviation sub-category 4.4.5 Transit sub-category 5 Analysis by Distribution Channels 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 – Vietnam Non-Life Insurance Market 7.1 Bargaining Power of Suppliers: Low to Medium 7.2 Bargaining Power of Buyers: Medium 7.3 Barriers to Entry: Medium 7.4 Intensity of Rivalry: High 7.5 Threat of Substitutes: Low 8 Reinsurance Growth Dynamics and Challenges 8.1 Reinsurance Market Size, 2007–2016 8.2 Reinsurance Market Size by Type Of Insurance, 2007–2016 9 Competitive Landscape and Strategic Insights 9.1 Overview 9.2 Leading Companies in the Vietnam Non-Life Insurance Segment 9.3 Comparison of Top-Four Insurers 9.3.1 Gross written premium
- 4. 9.4 Bao Viet Insurance – Company Overview 9.4.1 Bao Viet Insurance – key facts 9.4.2 Bao Viet Insurance – key financials 9.5 PVI Insurance Corporation – Company Overview 9.5.1 PVI Insurance Corporation – key facts 9.5.2 PVI Insurance Corporation – key financials 9.6 BaoMinh Insurance Corporation – Company Overview 9.6.1 BaoMinh Insurance Corporation – key facts 9.6.2 BaoMinh Insurance Corporation – key financials 9.7 Petrolimex Joint-Stock Insurance Company – Company Overview 9.7.1 Petrolimex Joint-Stock Insurance Company – key facts 9.7.2 Petrolimex Joint-Stock Insurance Company – key financials 9.8 Post and Telecommunication Insurance Vietnam – Company Overview 9.8.1 Post and Telecommunication Insurance Vietnam – key facts 9.9 BIDV Insurance Corporation – Company Overview 9.9.1 BIDV Insurance Corporation – key facts 9.1 Samsung Vina Insurance Company – Company Overview 9.10.1 Samsung Vina Insurance Company – key facts 9.11 MSIG Insurance (Vietnam) Company Limited – Company Overview 9.11.1 MSIG Insurance (Vietnam) Company Limited – key facts 9.12 Fubon Insurance Vietnam – Company Overview 9.12.1 Fubon Insurance Vietnam – 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
- 5. 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$–VND 10.3 Infrastructure Quality and Availability 10.3.1 Railways and roads 10.3.2 Passenger vehicle registration 10.3.3 Commercial vehicle production 10.3.4 Healthcare expenditure 10.3.5 Healthcare expenditure as a percentage of GDP 10.3.6 Healthcare per capita expenditure 10.3.7 Total internet subscribers 10.4 Labor Force 10.4.1 Labor force 10.4.2 Unemployment rate 10.5 Demographics 10.5.1 Annual disposable income 10.5.2 Annual per capita disposable income 10.5.3 Total population 10.5.4 Urban and rural population 10.5.5 Females as a percentage of the total population 10.5.6 Males as a percentage of the total population 10.5.7 Median age of population 10.5.8 Population density 10.5.9 Age distribution of the total population 10.5.10 Age distribution of the male population 10.5.11 Age distribution of the female population 10.5.12 Number of households 10.6 Political and Social Risk 10.6.1 Political stability 10.6.2 Terrorism Index 10.6.3 Transparency index 11 Appendix 11.1 Methodology 11.1 Contact Us 11.2 About Timetric 11.3 Disclaimer
- 6. List of Tables Table 1: Insurance Industry Definitions Table 2: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2007–2011 Table 3: Vietnamese Insurance Overall Written Premium by Segment (US$ 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 Non-Life Insurance Written Premium by Category (VND Billion), 2007–2011 Table 8: Vietnamese Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011 Table 9: Vietnamese Non-Life Insurance Written Premium by Category (VND Billion), 2011–2016 Table 10: Vietnamese Non-Life Insurance Written Premium by Category (US$ Billion), 2011–2016 Table 11: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2007–2011 Table 12: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2011–2016 Table 13: Vietnamese Non-Life Insurance – Paid Claims by Category (VND Billion), 2007–2011 Table 14: Vietnamese Non-Life Insurance – Paid Claims by Category (US$ Billion), 2007–2011 Table 15: Vietnamese Non-Life Insurance – Paid Claims by Category (VND Billion), 2011–2016 Table 16: Vietnamese Non-Life Insurance – Paid Claims by Category (US$ Billion), 2011–2016 Table 17: Vietnamese Non-Life Insurance – Incurred Loss by Category (VND Billion), 2007–2011 Table 18: Vietnamese Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2007–2011 Table 19: Vietnamese Non-Life Insurance – Incurred Loss by Category (VND Billion), 2011–2016 Table 20: Vietnamese Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2011–2016 Table 21: Vietnamese Non-Life Insurance – Loss Ratio (%), 2007–2011 Table 22: Vietnamese Non-Life Insurance – Loss Ratio (%), 2011–2016 Table 23: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2007–2011 Table 24: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2011–2016 Table 25: Vietnamese Non-Life Insurance – Combined Ratio (%), 2007–2011 Table 26: Vietnamese Non-Life Insurance – Combined Ratio (%), 2011–2016 Table 27: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2007–2011 Table 28: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2011–2016 Table 29: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2007–2011 Table 30: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2011–2016 Table 31: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2007–2011 Table 32: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2011–2016 Table 33: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2007–2011 Table 34: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2011–2016 Table 35: Vietnamese Property Insurance Written Premium by Sub-Category (VND Billion), 2007–2011 Table 36: Vietnamese Property Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011 Table 37: Vietnamese Property Insurance Written Premium by Sub-Category (VND Billion), 2011–2016 Table 38: Vietnamese Property Insurance Written Premium by Sub-Category (US$ Billion),
- 7. 2011–2016 Table 39: Vietnamese Property Insurance Category – Loss Ratio (%), 2007–2011 Table 40: Vietnamese Property Insurance Category – Loss Ratio (%), 2011–2016 Table 41: Vietnamese Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Table 42: Vietnamese Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Table 43: Vietnamese Fire and Allied Perils Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Table 44: Vietnamese Fire and Allied Perils Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Table 45: Vietnamese Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Table 46: Vietnamese Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Table 47: Vietnamese Engineering Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Table 48: Vietnamese Engineering Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Table 49: Vietnamese Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Table 50: Vietnamese Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Table 51: Vietnamese Agriculture Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Table 52: Vietnamese Agriculture Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Table 53: Vietnamese Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Table 54: Vietnamese Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Table 55: Vietnamese Other Property Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Table 56: Vietnamese Other Property Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Table 57: Vietnamese Motor Insurance Written Premium by Sub-Category (VND Billion), 2007–2011 Table 58: Vietnamese Motor Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011 Table 59: Vietnamese Motor Insurance Written Premium by Sub-Category (VND Billion), 2011–2016 Table 60: Vietnamese Motor Insurance Written Premium by Sub-Category (US$ Billion),
- 8. 2011–2016 Table 61: Vietnamese Motor Insurance Category – Loss Ratio (%), 2007–2011 Table 62: Vietnamese Motor Insurance Category – Loss Ratio (%), 2011–2016 Table 63: Vietnamese Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Table 64: Vietnamese Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Table 65: Vietnamese Motor Hull Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Table 66: Vietnamese Motor Hull Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Table 67: Vietnamese Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Table 68: Vietnamese Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Table 69: Vietnamese Motor Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Table 70: Vietnamese Motor Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Table 71: Vietnamese General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2007–2011 Table 72: Vietnamese General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2011–2016 Table 73: Vietnamese General Third-Party Insurance Category by Written Premium (VND Billion), 2007–2011 Table 74: Vietnamese General Third-Party Insurance Category by Written Premium (VND Billion), 2011–2016 Table 75: Vietnamese General Third-Party Insurance Category – Loss Ratio (%), 2007–2011 Table 76: Vietnamese General Third-Party Insurance Category – Loss Ratio (%), 2011–2016 Table 77: Vietnamese Marine, Aviation and Transit Insurance Written Premium by Sub-Category (VND Billion), 2007–2011 Table 78: Vietnamese Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011 Table 79: Vietnamese Marine, Aviation and Transit Insurance Written Premium by Sub-Category (VND Billion), 2011–2016 Table 80: Vietnamese Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016 Table 81: Vietnamese Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2007–2011 Table 82: Vietnamese Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2011–2016 Table 83: Vietnamese Marine Insurance Written Premium by Sub-Category (VND Billion),
- 9. 2007–2011 Table 84: Vietnamese Marine Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011 Table 85: Vietnamese Marine Insurance Written Premium by Sub-Category (VND Billion), 2011–2016 Table 86: Vietnamese Marine Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016 Table 87: Vietnamese Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Table 88: Vietnamese Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Table 89: Vietnamese Marine Hull Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Table 90: Vietnamese Marine Hull Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Table 91: Vietnamese Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Table 92: Vietnamese Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Table 93: Vietnamese Marine Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Table 94: Vietnamese Marine Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Table 95: Vietnamese Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Table 96: Vietnamese Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Table 97: Vietnamese Aviation Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Table 98: Vietnamese Aviation Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Table 99: Vietnamese Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Table 100: Vietnamese Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Table 101: Vietnamese Transit Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Table 102: Vietnamese Transit Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Table 103: Vietnamese Non-Life Insurance – Direct Marketing Commission Paid (VND Billion), 2007–2011 Table 104: Vietnamese Non-Life Insurance – Direct Marketing Commission Paid (VND Billion),
- 10. 2011–2016 Table 105: Vietnamese Non-Life Insurance – Written Premium Through Direct Marketing (VND Billion), 2007–2011 Table 106: Vietnamese Non-Life Insurance – Written Premium Through Direct Marketing (VND Billion), 2011–2016 Table 107: Vietnamese Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011 Table 108: Vietnamese Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016 Table 109: Vietnamese Non-Life Insurance – Number of Direct Marketing Distributors, 2007–2011 Table 110: Vietnamese Non-Life Insurance – Number of Direct Marketing Distributors, 2011–2016 Table 111: Vietnamese Non-Life Insurance – Bancassurance Commission Paid (VND Billion), 2007–2011 Table 112: Vietnamese Non-Life Insurance – Bancassurance Commission Paid (VND Billion), 2011–2016 Table 113: Vietnamese Non-Life Insurance – Written Premium Through Bancassurance (VND Billion), 2007–2011 Table 114: Vietnamese Non-Life Insurance – Written Premium Through Bancassurance (VND Billion), 2011–2016 Table 115: Vietnamese Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011 Table 116: Vietnamese Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016 Table 117: Vietnamese Non-Life Insurance – Number of Bancassurance Distributors, 2007–2011 Table 118: Vietnamese Non-Life Insurance – Number of Bancassurance Distributors, 2011–2016 Table 119: Vietnamese Non-Life Insurance – Commission Paid to Agencies (VND Billion), 2007–2011 Table 120: Vietnamese Non-Life Insurance – Commission Paid to Agencies (VND Billion), 2011–2016 Table 121: Vietnamese Non-Life Insurance – Written Premium Through Agencies (VND Billion), 2007–2011 Table 122: Vietnamese Non-Life Insurance – Written Premium Through Agencies (VND Billion), 2011–2016 Table 123: Vietnamese Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011 Table 124: Vietnamese Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016 Table 125: Vietnamese Non-Life Insurance – Number of Agencies, 2007–2011 Table 126: Vietnamese Non-Life Insurance – Number of Agencies, 2011–2016 Table 127: Vietnamese Non-Life Insurance – E-Commerce Commission Paid (VND Billion), 2007–2011 Table 128: Vietnamese Non-Life Insurance – E-Commerce Commission Paid (VND Billion),
- 11. 2011–2016 Table 129: Vietnamese Non-Life Insurance – Written Premium Through E-Commerce (VND Billion), 2007–2011 Table 130: Vietnamese Non-Life Insurance – Written Premium Through E-Commerce (VND Billion), 2011–2016 Table 131: Vietnamese Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2007–2011 Table 132: Vietnamese Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2011–2016 Table 133: Vietnamese Non-Life Insurance – Number of E-Commerce Distributors, 2007–2011 Table 134: Vietnamese Non-Life Insurance – Number of E-Commerce Distributors, 2011–2016 Table 135: Vietnamese Non-Life Insurance – Commission Paid to Brokers (VND Billion), 2007–2011 Table 136: Vietnamese Non-Life Insurance – Commission Paid to Brokers (VND Billion), 2011–2016 Table 137: Vietnamese Non-Life Insurance – Written Premium Through Brokers (VND Billion), 2007–2011 Table 138: Vietnamese Non-Life Insurance – Written Premium Through Brokers (VND Billion), 2011–2016 Table 139: Vietnamese Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2007–2011 Table 140: Vietnamese Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2011–2016 Table 141: Vietnamese Non-Life Insurance – Number of Brokers, 2007–2011 Table 142: Vietnamese Non-Life Insurance – Number of Brokers, 2011–2016 Table 143: Vietnamese Non-Life Insurance – Commission Paid to Other Channels (VND Billion), 2007–2011 Table 144: Vietnamese Non-Life Insurance – Commission Paid to Other Channels (VND Billion), 2011–2016 Table 145: Vietnamese Non-Life Insurance – Written Premium Through Other Channels (VND Billion), 2007–2011 Table 146: Vietnamese Non-Life Insurance – Written Premium Through Other Channels (VND Billion), 2011–2016 Table 147: Vietnamese Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011 Table 148: Vietnamese Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016 Table 149: Vietnamese Non-Life Insurance – Number of Distributors in Other Channels, 2007–2011 Table 150: Vietnamese Non-Life Insurance – Number of Distributors in Other Channels, 2011–2016 Table 151: Vietnamese Reinsurance Segment, Market Size by Category, (VND Billion),
- 12. 2007–2011 Table 152: Vietnamese Reinsurance Segment, Market Size by Category, (US$ Billion), 2007–2011 Table 153: Vietnamese Reinsurance Segment, Market Size by Category, (VND Billion), 2011–2016 Table 154: Vietnamese Reinsurance Segment, Market Size by Category, (US$ Billion), 2011–2016 Table 155: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (VND Billion), 2007–2011 Table 156: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2007–2011 Table 157: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (VND Billion), 2011–2016 Table 158: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2011–2016 Table 159: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011 Table 160: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016 Table 161: Vietnamese Non-Life Insurance Market Share (%), 2007–2011 Table 162: Bao Viet Insurance, Key Facts Table 163: Bao Viet Insurance, Key Financials (VND Billion) Table 164: PVI Insurance Corporation, Key Facts Table 165: PVI Insurance Corporation, Key Financials (VND Billion) Table 166: BaoMinh Insurance Corporation, Key Facts Table 167: BaoMinh Insurance Corporation, Key Financials (VND Billion) Table 168: Petrolimex Joint-Stock Insurance Company, Key Facts Table 169: Petrolimex Joint-Stock Insurance Company, Key Financials (VND Billion) Table 170: Post and Telecommunication Insurance Vietnam, Key Facts Table 171: BIDV Insurance Corporation, Key Facts Table 172: Samsung Vina Insurance Company, Key Facts Table 173: MSIG Insurance (Vietnam) Company Limited, Key Facts Table 174: Fubon Insurance Vietnam, 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 Non-Life Insurance Written Premium by Category (VND Billion), 2007–2016 Figure 4: Vietnamese Non-Life Insurance Written Premium by Category (% Share), 2011 and 2016 Figure 5: Vietnamese Non-Life Insurance Market Dynamics by Category, 2007–2016 Figure 6: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2007–2011 Figure 7: Vietnamese Non-Life Insurance – Earned Premium (VND Billion), 2011–2016 Figure 8: Vietnamese Non-Life Insurance – Paid Claims by Category (VND Billion), 2007–2016 Figure 9: Vietnamese Non-Life Insurance – Incurred Loss by Category (VND Billion), 2007–2016
- 13. Figure 10: Vietnamese Non-Life Insurance – Loss Ratio (%), 2007–2011 Figure 11: Vietnamese Non-Life Insurance – Loss Ratio (%), 2011–2016 Figure 12: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2007–2011 Figure 13: Vietnamese Non-Life Insurance – Commission and Expenses (VND Billion), 2011–2016 Figure 14: Vietnamese Non-Life Insurance – Combined Ratio (%), 2007–2011 Figure 15: Vietnamese Non-Life Insurance – Combined Ratio (%), 2011–2016 Figure 16: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2007–2011 Figure 17: Vietnamese Non-Life Insurance – Frauds and Crimes (VND Billion), 2011–2016 Figure 18: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2007–2011 Figure 19: Vietnamese Non-Life Insurance – Total Assets (VND Billion), 2011–2016 Figure 20: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2007–2011 Figure 21: Vietnamese Non-Life Insurance – Total Investment Income (VND Billion), 2011–2016 Figure 22: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2007–2011 Figure 23: Vietnamese Non-Life Insurance – Retentions (VND Billion), 2011–2016 Figure 24: Vietnamese Non-Life Insurance – Investment Portfolio (VND Billion), 2007–2011 Figure 25: Vietnamese Non-Life Insurance – Investment Portfolio (% Share), 2007 and 2011 Figure 26: Vietnamese Non-Life Insurance Penetration (% of GDP), 2007–2011 Figure 27: Vietnamese Non-Life Insurance – Number of Policies Sold (Thousand), 2007–2011 Figure 28: Vietnamese Non-Life Insurance – Number of Policies Sold (Thousand), 2011–2016 Figure 29: Vietnamese Non-Life Insurance – Premium Per Capita (VND), 2007–2011 Figure 30: Vietnamese Property Insurance Written Premium (VND Billion) by Sub-Category, 2007–2016 Figure 31: Vietnamese Property Insurance Market Dynamics by Sub-Category, 2007–2016 Figure 32: Vietnamese Property Insurance Category – Loss Ratio (%), 2007–2011 Figure 33: Vietnamese Property Insurance Category – Loss Ratio (%), 2011–2016 Figure 34: Vietnamese Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Figure 35: Vietnamese Fire and Allied Perils Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Figure 36: Vietnamese Fire and Allied Perils Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Figure 37: Vietnamese Fire and Allied Perils Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Figure 38: Vietnamese Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Figure 39: Vietnamese Engineering Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Figure 40: Vietnamese Engineering Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Figure 41: Vietnamese Engineering Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Figure 42: Vietnamese Agriculture Insurance Sub-Category – Number of Policies Sold
- 14. (Thousand), 2007–2011 Figure 43: Vietnamese Agriculture Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Figure 44: Vietnamese Agriculture Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Figure 45: Vietnamese Agriculture Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Figure 46: Vietnamese Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Figure 47: Vietnamese Other Property Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Figure 48: Vietnamese Other Property Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Figure 49: Vietnamese Other Property Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Figure 50: Vietnamese Motor Insurance Written Premium and by Sub-Category (VND Billion), 2007–2016 Figure 51: Vietnamese Motor Insurance Market Dynamics by Sub-Category, 2007–2016 Figure 52: Vietnamese Motor Insurance Category – Loss Ratio (%), 2007–2011 Figure 53: Vietnamese Motor Insurance Category – Loss Ratio (%), 2011–2016 Figure 54: Vietnamese Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Figure 55: Vietnamese Motor Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Figure 56: Vietnamese Motor Hull Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Figure 57: Vietnamese Motor Hull Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Figure 58: Vietnamese Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Figure 59: Vietnamese Motor Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Figure 60: Vietnamese Motor Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Figure 61: Vietnamese Motor Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Figure 62: Vietnamese General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2007–2011 Figure 63: Vietnamese General Third-Party Insurance Category – Number of Policies Sold (Thousand), 2011–2016 Figure 64: Vietnamese General Third-Party Insurance Category by Written Premium (VND Billion), 2007–2011
- 15. Figure 65: Vietnamese General Third-Party Insurance Category by Written Premium (VND Billion), 2011–2016 Figure 66: Vietnamese General Third-Party Insurance Category – Loss Ratio (%), 2007–2011 Figure 67: Vietnamese General Third-Party Insurance Category – Loss Ratio (%), 2011–2016 Figure 68: Vietnamese Marine, Aviation and Transit Insurance Written Premium (VND Billion) by Sub-Category, 2007–2016 Figure 69: Vietnamese Marine, Aviation and Transit Insurance Market Dynamics by Sub-Category, 2007–2016 Figure 70: Vietnamese Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2007–2011 Figure 71: Vietnamese Marine, Aviation and Transit Insurance Category – Loss Ratio (%), 2011–2016 Figure 72: Vietnamese Marine Insurance Written Premium by Sub-Category (VND Billion), 2007–2016 Figure 73: Vietnamese Marine Insurance Market Dynamics by Sub-Category, 2007–2016 Figure 74: Vietnamese Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Figure 75: Vietnamese Marine Hull Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Figure 76: Vietnamese Marine Hull Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Figure 77: Vietnamese Marine Hull Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Figure 78: Vietnamese Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Figure 79: Vietnamese Marine Third-Party Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Figure 80: Vietnamese Marine Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Figure 81: Vietnamese Marine Third-Party Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Figure 82: Vietnamese Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Figure 83: Vietnamese Aviation Insurance Sub-Category – Number of Policies Sold (Thousand), 2011–2016 Figure 84: Vietnamese Aviation Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Figure 85: Vietnamese Aviation Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Figure 86: Vietnamese Transit Insurance Sub-Category – Number of Policies Sold (Thousand), 2007–2011 Figure 87: Vietnamese Transit Insurance Sub-Category – Number of Policies Sold (Thousand),
- 16. 2011–2016 Figure 88: Vietnamese Transit Insurance Sub-Category – Written Premium (VND Billion), 2007–2011 Figure 89: Vietnamese Transit Insurance Sub-Category – Written Premium (VND Billion), 2011–2016 Figure 90: Vietnamese Non-Life Insurance Written Premium by Distribution Channel (% Share), 2011 and 2016 Figure 91: Vietnamese Non-Life Insurance – Direct Marketing Commission Paid (VND Billion), 2007–2011 Figure 92: Vietnamese Non-Life Insurance – Direct Marketing Commission Paid (VND Billion), 2011–2016 Figure 93: Vietnamese Non-Life Insurance – Written Premium Through Direct Marketing (VND Billion), 2007–2011 Figure 94: Vietnamese Non-Life Insurance – Written Premium Through Direct Marketing (VND Billion), 2011–2016 Figure 95: Vietnamese Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011 Figure 96: Vietnamese Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016 Figure 97: Vietnamese Non-Life Insurance – Number of Direct Marketing Distributors, 2007–2011 Figure 98: Vietnamese Non-Life Insurance – Number of Direct Marketing Distributors, 2011–2016 Figure 99: Vietnamese Non-Life Insurance – Bancassurance Commission Paid (VND Billion), 2007–2011 Figure 100: Vietnamese Non-Life Insurance – Bancassurance Commission Paid (VND Billion), 2011–2016 Figure 101: Vietnamese Non-Life Insurance – Written Premium Through Bancassurance (VND Billion), 2007–2011 Figure 102: Vietnamese Non-Life Insurance – Written Premium Through Bancassurance (VND Billion), 2011–2016 Figure 103: Vietnamese Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011 Figure 104: Vietnamese Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016 Figure 105: Vietnamese Non-Life Insurance – Number of Bancassurance Distributors, 2007–2011 Figure 106: Vietnamese Non-Life Insurance – Number of Bancassurance Distributors, 2011–2016 Figure 107: Vietnamese Non-Life Insurance – Commission Paid to Agencies (VND Billion), 2007–2011 Figure 108: Vietnamese Non-Life Insurance – Commission Paid to Agencies (VND Billion), 2011–2016 Figure 109: Vietnamese Non-Life Insurance – Written Premium Through Agencies (VND Billion), 2007–2011 Figure 110: Vietnamese Non-Life Insurance – Written Premium Through Agencies (VND Billion),
- 17. 2011–2016 Figure 111: Vietnamese Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011 Figure 112: Vietnamese Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016 Figure 113: Vietnamese Non-Life Insurance – Number of Agencies, 2007–2011 Figure 114: Vietnamese Non-Life Insurance – Number of Agencies, 2011–2016 Figure 115: Vietnamese Non-Life Insurance – E-Commerce Commission Paid (VND Billion), 2007–2011 Figure 116: Vietnamese Non-Life Insurance – E-Commerce Commission Paid (VND Billion), 2011–2016 Figure 117: Vietnamese Non-Life Insurance – Written Premium Through E-Commerce (VND Billion), 2007–2011 Figure 118: Vietnamese Non-Life Insurance – Written Premium Through E-Commerce (VND Billion), 2011–2016 Figure 119: Vietnamese Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2007–2011 Figure 120: Vietnamese Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2011–2016 Figure 121: Vietnamese Non-Life Insurance – Number of E-Commerce Distributors, 2007–2011 Figure 122: Vietnamese Non-Life Insurance – Number of E-Commerce Distributors, 2011–2016 Figure 123: Vietnamese Non-Life Insurance – Commission Paid to Brokers (VND Billion), 2007–2011 Figure 124: Vietnamese Non-Life Insurance – Commission Paid to Brokers (VND Billion), 2011–2016 Figure 125: Vietnamese Non-Life Insurance – Written Premium Through Brokers (VND Billion), 2007–2011 Figure 126: Vietnamese Non-Life Insurance – Written Premium Through Brokers (VND Billion), 2011–2016 Figure 127: Vietnamese Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2007–2011 Figure 128: Vietnamese Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2011–2016 Figure 129: Vietnamese Non-Life Insurance – Number of Brokers, 2007–2011 Figure 130: Vietnamese Non-Life Insurance – Number of Brokers, 2011–2016 Figure 131: Vietnamese Non-Life Insurance – Commission Paid to Other Channels (VND Billion), 2007–2011 Figure 132: Vietnamese Non-Life Insurance – Commission Paid to Other Channels (VND Billion), 2011–2016 Figure 133: Vietnamese Non-Life Insurance – Written Premium Through Other Channels (VND Billion), 2007–2011 Figure 134: Vietnamese Non-Life Insurance – Written Premium Through Other Channels (VND
- 18. Billion), 2011–2016 Figure 135: Vietnamese Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011 Figure 136: Vietnamese Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016 Figure 137: Vietnamese Non-Life Insurance – Number of Distributors in Other Channels, 2007–2011 Figure 138: Vietnamese Non-Life Insurance – Number of Distributors in Other Channels, 2011–2016 Figure 139: Vietnamese Vietnam Non-Life Insurance Market – Five Forces Analysis Figure 140: Vietnamese Premium Ceded to Reinsurance by Category (VND Billion), 2007–2016 Figure 141: Vietnamese Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016 Figure 142: Vietnamese Reinsurance Market Dynamics by Category, 2007–2016 Figure 143: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (VND Billion), 2007–2016 Figure 144: Vietnamese Reinsurance Market Dynamics by Type of Insurance, 2007–2016 Figure 145: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011 Figure 146: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016 Figure 147: Vietnamese Non-Life Insurance Market Share (%), 2007 and 2011 Figure 148: Vietnamese Gross Written Premium – Top-Four Vietnamese Non-Life Insurers, 2011 Figure 149: Vietnamese Ho Chi Minh City Stock Exchange, Market Capitalization, (US$ Billion), 2007–2011 Figure 150: Vietnamese GDP at Constant Prices (US$ Billion), 2007–2011 Figure 151: Vietnamese GDP Per Capita at Constant Prices (US$), 2007–2011 Figure 152: Vietnamese GDP at Current Prices (US$ Billion), 2007–2011 Figure 153: Vietnamese GDP Per Capita at Current Prices (US$), 2007–2011 Figure 154: Vietnamese GDP Split by Key Sectors (%), 2010 and 2011 Figure 155: Vietnamese Agriculture Net Output at Current Prices (VND Billion), 2007–2011 Figure 156: Vietnamese Agriculture Net Output at Current Prices (US$ Billion), 2007–2011 Figure 157: Vietnamese Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2011 Figure 158: Vietnamese Manufacturing Net Output at Current Prices (VND Billion), 2007–2011 Figure 159: Vietnamese Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011 Figure 160: Vietnamese Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011 Figure 161: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices (VND Billion), 2007–2011 Figure 162: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011 Figure 163: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011 Figure 164: Vietnamese Construction Net Output at Current Prices (VND Billion), 2007–2011
- 19. Figure 165: Vietnamese Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011 Figure 166: Vietnamese Construction Net Output at Current Prices (US$ Billion), 2007–2011 Figure 167: Vietnamese Inflation Rate (%), 2007–2011 Figure 168: Vietnamese Current Account Balance as a Percentage of GDP (%), 2007–2011 Figure 169: Vietnamese Exports Growth (%), 2007–2011 Figure 170: Vietnamese Imports Growth (%), 2007–2011 Figure 171: Vietnamese External Debt as a Percentage of GDP (%), 2007–2011 Figure 172: Vietnamese Annual Average Exchange Rate (US$–VND), 2007–2011 Figure 173: Vietnamese End of Period Exchange Rate (US$–VND), 2007–2011 Figure 174: Vietnamese Railways and Roads (Kilometers), 2011 Figure 175: Vietnamese Passenger Vehicle Registration (Units), 2007–2011 Figure 176: Vietnamese Commercial Vehicle Registration (Units), 2007–2011 Figure 177: Vietnamese Healthcare Expenditure (US$ Billion), 2007–2011 Figure 178: Vietnamese Healthcare Expenditure as a Percentage of GDP (%), 2007–2011 Figure 179: Vietnamese Per Capita Healthcare Expenditure (US$), 2007–2011 Figure 180: Vietnamese Internet Subscribers (Millions), 2007–2011 Figure 181: Vietnamese Size of Labor Force in 15–59 Age Group (Million), 2007–2011 Figure 182: Vietnamese Unemployment Rate (%), 2007–2011 Figure 183: Vietnamese Annual Disposable Income (US$ Billion), 2007–2011 Figure 184: Vietnamese Annual Per Capita Disposable Income (US$), 2007–2011 Figure 185: Vietnamese Total Population (Million), 2007–2011 Figure 186: Vietnamese Urban and Rural Population (%), 2007–2011 Figure 187: Vietnamese Females as a Percentage of the Total Population (%), 2007–2011 Figure 188: Vietnamese Males as a Percentage of the Total Population (%), 2007–2011 Figure 189: Vietnamese Median Age of Population (Years), 2007–2011 Figure 190: Vietnamese Population Density (per Square Kilometer), 2007–2011 Figure 191: Vietnamese Total Population Distribution by Age (%), 2007–2011 Figure 192: Vietnamese Male Population Distribution by Age (%), 2007–2011 Figure 193: Vietnamese Female Population Distribution by Age (%), 2007–2011 Figure 194: Vietnamese Number of Households (Million), 2007–2011 Figure 195: Global Terrorism Heat Map Figure 196: Vietnamese Transparency Index, 2007–2011 Contact: [email protected] for more information.