Boston, MA -- (SBWIRE) -- 12/26/2013 -- Despite the global financial crisis, the Vietnamese reinsurance segment recorded stable growth during the review period. This is attributable to the increasing cost of reinsurance protection, the nation's growing non-life and personal accident and health insurance segments, a greater understanding of the benefits of reinsurance and the removal of a government policy which forced insurance companies to cede at least 20% of their reinsurance premiums to the only domestic reinsurance company in the country. Consequently, the number of Vietnamese reinsurance companies increased from one to two in 2011.

Key Highlights

- Despite the global financial crisis, the Vietnamese reinsurance segment recorded stable growth during the review period
- Over the forecast period, segment growth is expected to be primarily driven by the recent increase in minimum capital requirements for Vietnamese insurers
- The segment is led by treaty reinsurance, which accounted for 52.5% of total reinsurance premiums in 2012, followed by facultative reinsurance with 47.5%
- Following the segment's liberalization in 2008, the majority of Vietnam's outward reinsurance business now goes to foreign companies

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Scope

This report provides a comprehensive analysis of the reinsurance segment in Vietnam:

- It provides historical values for Vietnam's reinsurance 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 Vietnam's reinsurance segment, along with market forecasts until 2017
- It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Vietnam and its growth prospects

Reasons to Get This Report

- Make strategic business decisions using in depth historic and forecast market data related to the Vietnamese reinsurance segment and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Vietnamese reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the Vietnamese insurance industry and its impact on companies and the market's future

Companies Mentioned in this Report: Vietnam National Reinsurance Corporation, PVI Reinsurance Company

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