Reinsurance in Vietnam, Key Trends and Opportunities to 2018
Deerfield Beach, FL -- (SBWIRE) -- 07/21/2015 -- Synopsis
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
Vietnamese reinsurance segment's growth prospects by reinsurance ceded from direct insurance
The competitive landscape in the Vietnamese reinsurance segment
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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%.
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 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 reinsurance segment, along with market forecasts until 2018.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Vietnamese its growth prospects.
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Reasons to buy
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 in the Vietnamese reinsurance 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