Boston, MA -- (SBWIRE) -- 12/23/2013 -- The Vietnamese personal accident and health insurance segment grew from VND1.6 trillion (US$98.0 million) in 2008 to VND4.0 trillion (US$191.9 million) in 2012, at a compound annual growth rate (CAGR) of 25.9% during the review period (2008-2012). With rising medical expenditure and disposable incomes, the segment's growth is expected to be sustained by the poor state of Vietnam's healthcare system, which is leading people to opt for private healthcare and insurance. In 2011, private healthcare accounted for 40.4% of the nation's overall healthcare expenditure.

Key Highlights

- During the review period, the penetration level of Vietnamese personal accident and health insurance products increased from 0.11% in 2008 to 0.14% in 2012
- Insurance agents were the main distribution channel for personal accident and health insurance products in Vietnam
- The segment will benefit from the country's increasing consumer healthcare expenditure, mandatory health insurance and favorable regulatory framework
- The health insurance category accounted for the largest share of 64.1% of the Vietnamese personal accident and health insurance segment's total written premiums in 2012
- The Vietnamese personal accident and health insurance segment is competitive, and is considered to be the fastest-growing insurance segment in Vietnam due to the implementation of compulsory health insurance by the government

View Full Report Details and Table of Contents

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Vietnam:

- It provides historical values for the Vietnamese personal accident and health insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key sub-segments in the Vietnamese personal accident and health insurance segment, along with market forecasts until 2017
- 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 personal accident and health insurance products in Vietnam
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Vietnam for the personal accident and health insurance segment
- It provides a detailed analysis of the reinsurance segment in Vietnam and its growth prospects
- It profiles the top personal accident and health insurance companies in Vietnam and outlines the key regulations affecting them

Reasons to Get This Report

- Make strategic business decisions using in depth historic and forecast market data related to the Vietnamese personal accident and health insurance segment and each category within it

Companies Mentioned in this Report: Bao Viet Holdings, Manulife (Vietnam) Ltd, PVI Insurance Corporation, BaoMinh Insurance Corporation, Samsung Vina Insurance Company

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Insurance research reports at Fast Market Research

You may also be interested in these related reports:

- Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2017: Despite being the smallest insurance segment in Austria, personal and health registered the fastest growth.
- Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2017
- Personal Accident and Health Insurance in India, Key Trends and Opportunities to 2017
- Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2017
- Personal Accident and Health Insurance in Singapore, Key Trends and Opportunities to 2017
- Personal Accident and Health Insurance in Russia, Key Trends and Opportunities to 2017
- Personal Accident and Health Insurance in Mexico, Key Trends and Opportunities to 2017
- Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2017
- Personal Accident and Health Insurance in China, Key Trends and Opportunities to 2017
- Personal Accident and Health Insurance in Pakistan, Key Trends and Opportunities to 2017