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Industry Dynamics and Competitive Landscape in the Vietnamese Non-Life Insurance Industry to 2016: Market Profile - Product Image

Industry Dynamics and Competitive Landscape in the Vietnamese Non-Life Insurance Industry to 2016: Market Profile

  • Published: October 2012
  • Region: Vietnam
  • 83 pages
  • Timetric

FEATURED COMPANIES

  • Bao Viet Insurance
  • PVI Insurance Corporation
  • MORE

Synopsis
The report provides top-level market analysis, information and insights into the Vietnamese non-life insurance market, including:
- A description of the non-life insurance market in Vietnam
- The Vietnamese non-life insurance market’s growth prospects
- The competitive landscape in the Vietnamese non-life insurance market

Summary
The Vietnamese non-life insurance segment is highly competitive, and contains both domestic and foreign companies. The non-life insurance segment is also one of the fastest-growing of its kind in the Asia-Pacific region. The segment’s rapid development is being supported by Vietnam’s strong economic growth, increasing middle-class population, and expanding automobile, real estate and construction industries. The expansion of these industries will generate more demand for property and motor insurance. Large domestic non-life insurance companies have been losing their market share to multinational companies during the review period, due to the multinational companies’ large marketing expenditure and aggressive pricing strategies. The market share of foreign companies is also increasing due to the requirement READ MORE >

1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 Vietnamese Insurance Industry Attractiveness
2.1 Insurance Industry Market Size, 2007–2016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers
2.3 Recent Market Developments
3 Regulatory Policies
4 Porter’s Five Forces Analysis – Vietnam Non-Life Insurance Market
4.1 Bargaining Power of Suppliers: Low to Medium
4.2 Bargaining Power of Buyers: Medium
4.3 Barriers to Entry: Medium
4.4 Intensity of Rivalry: High
4.5 Threat of Substitutes: Low
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the Vietnam Non-Life Insurance Segment
5.3 Comparison of Top-Four Insurers
5.3.1 Gross written premium
5.4 Bao Viet Insurance – Company Overview
5.4.1 Bao Viet Insurance – key facts
5.4.2 Bao Viet Insurance – key financials
5.5 PVI Insurance Corporation – Company Overview
5.5.1 PVI Insurance Corporation – key facts
5.5.2 PVI Insurance Corporation – key financials
5.6 BaoMinh Insurance Corporation – Company Overview
5.6.1 BaoMinh Insurance Corporation – key facts
5.6.2 BaoMinh Insurance Corporation – key financials
5.7 Petrolimex Joint-Stock Insurance Company – Company Overview
5.7.1 Petrolimex Joint-Stock Insurance Company – key facts
5.7.2 Petrolimex Joint-Stock Insurance Company – key financials
5.8 Post and Telecommunication Insurance Vietnam – Company Overview
5.8.1 Post and Telecommunication Insurance Vietnam – key facts
5.9 BIDV Insurance Corporation – Company Overview
5.9.1 BIDV Insurance Corporation – key facts
5.10 Samsung Vina Insurance Company – Company Overview
5.10.1 Samsung Vina Insurance Company – key facts
5.11 MSIG Insurance (Vietnam) Company Limited – Company Overview
5.11.1 MSIG Insurance (Vietnam) Company Limited – key facts
5.12 Fubon Insurance Vietnam – Company Overview
5.12.1 Fubon Insurance Vietnam – key facts
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Market capitalization trend – Ho Chi Minh City Stock Exchange, Vietnam
6.2 Economic Performance
6.2.1 GDP at constant prices (US dollars)
6.2.2 GDP per capita at constant prices (US dollars)
6.2.3 GDP at current prices (US dollars)
6.2.4 GDP per capita at current prices (US dollars)
6.2.5 GDP split by key sectors
6.2.6 Agriculture net output at current prices (Vietnam Dong)
6.2.7 Agriculture net output at current prices (US dollars)
6.2.8 Agriculture net output at current prices as a percentage of GDP
6.2.9 Manufacturing net output at current prices (Vietnam Dong)
6.2.10 Manufacturing net output at current prices (US dollars)
6.2.11 Manufacturing net output at current prices as a percentage of GDP
6.2.12 Mining, manufacturing and utilities net output at current prices (Vietnam Dong)
6.2.13 Mining, manufacturing and utilities at current prices (US dollars)
6.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
6.2.15 Construction net output at current prices (Vietnam Dong)
6.2.16 Construction net output at current prices as a percentage of GDP
6.2.17 Construction net output at current prices (US dollars)
6.2.18 Inflation rate
6.2.19 Current account balance as a percentage of GDP
6.2.20 Exports growth
6.2.21 Imports growth
6.2.22 External debt as a percentage of GDP
6.2.23 Annual average exchange rate US$–VND
6.2.24 End of period exchange rate US$–VND
6.3 Infrastructure Quality and Availability
6.3.1 Railways and roads
6.3.2 Passenger vehicle registration
6.3.3 Commercial vehicle production
6.3.4 Healthcare expenditure
6.3.5 Healthcare expenditure as a percentage of GDP
6.3.6 Healthcare per capita expenditure
6.3.7 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Annual disposable income
6.5.2 Annual per capita disposable income
6.5.3 Total population
6.5.4 Urban and rural population
6.5.5 Females as a percentage of the total population
6.5.6 Males as a percentage of the total population
6.5.7 Median age of population
6.5.8 Population density
6.5.9 Age distribution of the total population
6.5.10 Age distribution of the male population
6.5.11 Age distribution of the female population
6.5.12 Number of households
6.6 Political and Social Risk
6.6.1 Political stability
6.6.2 Terrorism Index
6.6.3 Transparency index
7 Appendix
7.1 Methodology
7.1 Contact Us
7.2 About Timetric
7.3 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2007–2011
Table 3: Vietnamese Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2011–2016
Table 5: Vietnamese Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Vietnamese Insurance Segmentation (% Share), 2007–2016
Table 7: Vietnamese Non-Life Insurance Market Share (%), 2007–2011
Table 8: Bao Viet Insurance, Key Facts
Table 9: Bao Viet Insurance, Key Financials (VND Billion)
Table 10: PVI Insurance Corporation, Key Facts
Table 11: PVI Insurance Corporation, Key Financials (VND Billion)
Table 12: BaoMinh Insurance Corporation, Key Facts
Table 13: BaoMinh Insurance Corporation, Key Financials (VND Billion)
Table 14: Petrolimex Joint-Stock Insurance Company, Key Facts
Table 15: Petrolimex Joint-Stock Insurance Company, Key Financials (VND Billion)
Table 16: Post and Telecommunication Insurance Vietnam, Key Facts
Table 17: BIDV Insurance Corporation, Key Facts
Table 18: Samsung Vina Insurance Company, Key Facts
Table 19: MSIG Insurance (Vietnam) Company Limited, Key Facts
Table 20: Fubon Insurance Vietnam, Key Facts

List of Figures
Figure 1: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2007–2016
Figure 2: Vietnamese Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Vietnamese Vietnam Non-Life Insurance Market – Five Forces Analysis
Figure 4: Vietnamese Non-Life Insurance Market Share (%), 2007 and 2011
Figure 5: Vietnamese Gross Written Premium – Top-Four Vietnamese Non-Life Insurers, 2011
Figure 6: Vietnamese Ho Chi Minh City Stock Exchange, Market Capitalization, (US$ Billion), 2007–2011
Figure 7: Vietnamese GDP at Constant Prices (US$ Billion), 2007–2011
Figure 8: Vietnamese GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 9: Vietnamese GDP at Current Prices (US$ Billion), 2007–2011
Figure 10: Vietnamese GDP Per Capita at Current Prices (US$), 2007–2011
Figure 11: Vietnamese GDP Split by Key Sectors (%), 2010 and 2011
Figure 12: Vietnamese Agriculture Net Output at Current Prices (VND Billion), 2007–2011
Figure 13: Vietnamese Agriculture Net Output at Current Prices (US$ Billion), 2007–2011
Figure 14: Vietnamese Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 15: Vietnamese Manufacturing Net Output at Current Prices (VND Billion), 2007–2011
Figure 16: Vietnamese Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 17: Vietnamese Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 18: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices (VND Billion), 2007–2011
Figure 19: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 20: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 21: Vietnamese Construction Net Output at Current Prices (VND Billion), 2007–2011
Figure 22: Vietnamese Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 23: Vietnamese Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 24: Vietnamese Inflation Rate (%), 2007–2011
Figure 25: Vietnamese Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 26: Vietnamese Exports Growth (%), 2007–2011
Figure 27: Vietnamese Imports Growth (%), 2007–2011
Figure 28: Vietnamese External Debt as a Percentage of GDP (%), 2007–2011
Figure 29: Vietnamese Annual Average Exchange Rate (US$–VND), 2007–2011
Figure 30: Vietnamese End of Period Exchange Rate (US$–VND), 2007–2011
Figure 31: Vietnamese Railways and Roads (Kilometers), 2011
Figure 32: Vietnamese Passenger Vehicle Registration (Units), 2007–2011
Figure 33: Vietnamese Commercial Vehicle Registration (Units), 2007–2011
Figure 34: Vietnamese Healthcare Expenditure (US$ Billion), 2007–2011
Figure 35: Vietnamese Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 36: Vietnamese Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 37: Vietnamese Internet Subscribers (Millions), 2007–2011
Figure 38: Vietnamese Size of Labor Force in 15–59 Age Group (Million), 2007–2011
Figure 39: Vietnamese Unemployment Rate (%), 2007–2011
Figure 40: Vietnamese Annual Disposable Income (US$ Billion), 2007–2011
Figure 41: Vietnamese Annual Per Capita Disposable Income (US$), 2007–2011
Figure 42: Vietnamese Total Population (Million), 2007–2011
Figure 43: Vietnamese Urban and Rural Population (%), 2007–2011
Figure 44: Vietnamese Females as a Percentage of the Total Population (%), 2007–2011
Figure 45: Vietnamese Males as a Percentage of the Total Population (%), 2007–2011
Figure 46: Vietnamese Median Age of Population (Years), 2007–2011
Figure 47: Vietnamese Population Density (per Square Kilometer), 2007–2011
Figure 48: Vietnamese Total Population Distribution by Age (%), 2007–2011
Figure 49: Vietnamese Male Population Distribution by Age (%), 2007–2011
Figure 50: Vietnamese Female Population Distribution by Age (%), 2007–2011
Figure 51: Vietnamese Number of Households (Million), 2007–2011
Figure 52: Global Terrorism Heat Map
Figure 53: Vietnamese Transparency Index, 2007–2011

Bao Viet Insurance
PVI Insurance Corporation
BaoMinh Insurance Corporation
Petrolimex Joint-Stock Insurance Company
Post and Telecommunication Insurance Vietnam
BIDV Insurance Corporation
Samsung Vina Insurance Company
MSIG Insurance (Vietnam) Company Lim

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