Vietnam Non-Life Insurance Market to 2027

Vietnam Non-Life Insurance Market to 2027


Summary
Non-Life Insurance in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The Vietnamese non-life insurance market had total gross written premiums of $3 billion in 2022, representing a compound annual growth rate (CAGR) of 10.8% between 2017 and 2022.
  • The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $0.8 billion, equivalent to 26.3% of the market's overall value.
  • In 2022, the Vietnamese non-life insurance market witnessed an annual growth of 17.5%. Factors such as a supportive regulatory environment, expanded collaborations, innovative products, and active distribution channels all contribute to the expansion of the non-life insurance market.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Vietnam
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Vietnam
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam non-life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the Vietnam non-life insurance market by value in 2022?
  • What will be the size of the Vietnam non-life insurance market in 2027?
  • What factors are affecting the strength of competition in the Vietnam non-life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Vietnam's non-life insurance market?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
8 Company Profiles
8.1. BaoMinh Insurance Corp
8.2. Bao Viet Life Insurance Corp
8.3. PVI Holdings
8.4. Post and Telecommunication Insurance Vietnam
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Vietnam non-life insurance market value: $ billion, 2017–22
Table 2: Vietnam non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Vietnam non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Vietnam non–life insurance market geography segmentation: $ billion, 2022
Table 5: Vietnam non-life insurance market value forecast: $ billion, 2022–27
Table 6: BaoMinh Insurance Corp: key facts
Table 7: BaoMinh Insurance Corp: Annual Financial Ratios
Table 8: BaoMinh Insurance Corp: Key Employees
Table 9: Bao Viet Life Insurance Corp: key facts
Table 10: Bao Viet Life Insurance Corp: Key Employees
Table 11: PVI Holdings: key facts
Table 12: PVI Holdings: Annual Financial Ratios
Table 13: PVI Holdings: Key Employees
Table 14: Post and Telecommunication Insurance Vietnam: key facts
Table 15: Post and Telecommunication Insurance Vietnam: Annual Financial Ratios
Table 16: Post and Telecommunication Insurance Vietnam: Key Employees
Table 17: Vietnam size of population (million), 2018–22
Table 18: Vietnam gdp (constant 2005 prices, $ billion), 2018–22
Table 19: Vietnam gdp (current prices, $ billion), 2018–22
Table 20: Vietnam inflation, 2018–22
Table 21: Vietnam consumer price index (absolute), 2018–22
Table 22: Vietnam exchange rate, 2018–22
List of Figures
Figure 1: Vietnam non-life insurance market value: $ billion, 2017–22
Figure 2: Vietnam non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Vietnam non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: Vietnam non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in Vietnam, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Vietnam, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Vietnam, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Vietnam, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Vietnam, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Vietnam, 2022

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