Vietnam Non-Life Insurance Market Summary, Competitive Analysis and Forecast 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
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Vietnamese non-life insurance market had total gross written premiums of $2.7 million in 2022, representing a compound annual growth rate (CAGR) of 8.1% between 2017 and 2022.
- The Property segment accounted for market's the largest proportion in 2022, with total gross written premiums of $1.0 million, equivalent to 36.7% of the market's overall value.
- Average family disposable income increased by 9.7% year over year in 2022 to VND130.1 million ($5,605).
- 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
- 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 share
- 1.6. Market rivalry
- 1.7. 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. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do leading players follow?
- 7.4. How has the COVID-19 outbreak impacted the market?
- 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. About MarketLine
- List of Tables
- Table 1: Vietnam non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Vietnam non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Vietnam non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Vietnam non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Vietnam non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Vietnam non-life insurance market share: % share, by value, 2022(e)
- Table 7: BaoMinh Insurance Corp: key facts
- Table 8: BaoMinh Insurance Corp: Annual Financial Ratios
- Table 9: BaoMinh Insurance Corp: Key Employees
- Table 10: Bao Viet Life Insurance Corp: key facts
- Table 11: Bao Viet Life Insurance Corp: Key Employees
- Table 12: PVI Holdings: key facts
- Table 13: PVI Holdings: Annual Financial Ratios
- Table 14: PVI Holdings: Key Employees
- Table 15: Post and Telecommunication Insurance Vietnam: key facts
- Table 16: Post and Telecommunication Insurance Vietnam: Annual Financial Ratios
- 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, 2017–21
- List of Figures
- Figure 1: Vietnam non-life insurance market value: $ billion, 2017-22(e)
- 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(e)
- 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
- Figure 11: Vietnam non-life insurance market share: % share, by value, 2022(e)
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