The Report Non-Life Insurance in Vietnam, Key Trends and Opportunities to 2018 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

Albany, NY -- (SBWire) -- 01/30/2015 --The report provides in-depth market analysis, information and insights into the Vietnamese non-life insurance segment, including:

* The Vietnamese non-life insurance segment's growth prospects by non-life insurance category
* Key trends, drivers and challenges for the non-life insurance segment
* The various distribution channels in the Vietnamese non-life insurance segment
* The detailed competitive landscape in the non-life insurance segment in Vietnam
* Detailed regulatory policies of the Vietnamese insurance industry
* Analysis of various consumer segments in Vietnamese non-life insurance
* Key developments in the Vietnamese non-life insurance segment
* New products launched by Vietnamese non-life insurers

View Full Report at http://www.marketresearchreports.biz/analysis/242365

Executive summary

The gross written premium of the Vietnamese non-life insurance segment increased at a review-period (2009–2013) compound annual growth rate (CAGR) of 14.6%, from VND12.7 trillion (US$742.9 million) in 2009 to VND21.9 trillion (US$1.0 billion) in 2013. Factors such as economic growth, rising foreign participation, growth of the middle-class population, improving consumer awareness of the benefits of insurance, and the compulsory nature of motor third-party liability cover supported the segment's growth. Vietnamese GDP at constant prices grew at an annual rate of 5.4% in 2013, and is projected to grow by 5.5% in 2014, according to the World Bank. The inflation rate, however, fell from 18.7% in 2011 to 6.6% in 2013. The segment is expected to post a forecast-period CAGR of 13.7%, supported by positive economic growth and the expanding automobile, real estate and construction sectors.

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Scope

This report provides a comprehensive analysis of the non-life insurance segment in Vietnam:

* It provides historical values for Vietnam's non-life insurance segment for the report's 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
* It offers a detailed analysis of the key categories in Vietnam's non-life insurance segment, along with market forecasts until 2018.
* 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.
* It profiles the top non-life insurance companies in Vietnam and outlines the key regulations affecting them.

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Reasons to buy

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

Key highlights

* The gross written premium of the Vietnamese non-life insurance segment increased at a review-period (2009–2013) compound annual growth rate (CAGR) of 14.6%.
* Factors such as economic growth, rising foreign participation, growth of the middle-class population, improving consumer awareness of the benefits of insurance, and the compulsory nature of motor third-party liability cover supported the segment's growth.
* High growth rates in automobile and construction industries have increased demand for property and motor insurance, supporting overall segment growth during the review period.
* The Vietnamese government encouraged fishermen by providing subsidies on insurance premiums for ships and crew.
Declining deposit interest rates is likely to affect insurers' profitability, impacting short- and long-term liquidity requirements.

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Reinsurance in Vietnam, Key Trends and Opportunities to 2018

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The report provides in-depth market analysis, information and insights into the Vietnamese reinsurance segment, including:

* The Vietnamese reinsurance segment's growth prospects by reinsurance category
* Key drivers for the reinsurance segment
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Executive summary

* Despite the financial crisis, the Vietnamese reinsurance segment recorded stable growth during the review period (2009–2013). This was primarily due to the increasing cost of reinsurance protection, the expansion of direct insurance, and a greater understanding of the benefits of reinsurance. The number of dedicated reinsurers increased from one to two in 2011, although some of the country's larger insurers, such as Bao Viet and Bao Minh, conducted their own reinsurance operations in 2013.
* The segment's gross written premium increased from VND2.1 trillion (US$0.1 billion) in 2009 to VND5.6 trillion (US$0.3 billion) in 2013, at a review-period compound annual growth rate (CAGR) of 27.7%. The high frequency of natural disasters prompted insurance companies to increase the percentage of premium ceded to reinsurers. The segment's value is expected to increase from VND5.6 trillion (US$0.3 billion) in 2013 to VND12.5 trillion (US$0.5 billion) in 2018, at a forecast-period (2013–2018) CAGR of 17.4%.

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The report provides in-depth market analysis, information and insights into the Vietnamese personal accident and health insurance segment, including:

* The Vietnamese personal accident and health insurance segment's growth prospects by insurance category
* Key trends, drivers and challenges for the personal accident and health insurance segment
* The various distribution channels in the Vietnamese personal accident and health insurance segment
* The detailed competitive landscape in the personal accident and health insurance segment in Vietnam

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* Detailed regulatory policies of the Vietnamese insurance industry
* Analysis of various consumer segments in Vietnamese personal accident and health insurance
* Key developments in the Vietnamese personal accident and health insurance segment
* New products launched by Vietnamese personal accident and health insurers
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