Vietnam Life Insurance Industry and Reinsurance Market 2018 Forecasts in New Research Reports

DALLAS, February 4, 2015 /PRNewswire/ --

MarketReportsStore.com adds Life Insurance in Vietnam, Key Trends and Opportunities to 2018 and Reinsurance in Vietnam, Key Trends and Opportunities to 2018 industry research reports to the banking and financial services intelligence collection of its library.

Vietnam has one of the world's most dynamic and rapidly expanding insurance industries, providing growth potential for life insurers. Vietnamese GDP rose from VND1.3 quadrillion (US$73.6 billion) in 2009 to VND1.9 quadrillion (US$92.3 billion) in 2013, at a review-period (2009-2013) compound annual growth rate (CAGR) of 5.8%, placing it as one of the fastest-growing economies in the South East Asian region. The life segment was the largest industry segment, accounting for 45.6% of the industry's gross written premium in 2013. The segment's growth was partly supported by a rise in the volume of middle class individuals. The Life Insurance in Vietnam, Key Trends and Opportunities to 2018 market research report is of 169 pages and got published in January 2015.

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%, according to the new market research on Reinsurance in Vietnam, Key Trends and Opportunities to 2018.

This report provides a comprehensive analysis of the reinsurance segment in Vietnam with 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. The research helps make strategic business decisions using in-depth historic and forecast market data related to the Vietnamese reinsurance segment and each sector within it. It also is a useful tool to understand the demand-side dynamics, key market trends and growth opportunities in the Vietnamese reinsurance segment. The data in this report can help identify the growth opportunities and market dynamics in key product categories and gain insights into key regulations governing the Vietnamese insurance industry, and their impact on companies and the industry's future. Order a copy of the report on Vietnam reinsurance market at http://marketreportsstore.com/purchase?rname=30119 .

The Life Insurance in Vietnam, Key Trends and Opportunities to 2018 industry research report provides in-depth market analysis, information and insights into the segment, including Vietnamese life insurance segment's growth prospects by life insurance category (individual and group), Key trends, drivers and challenges for the life insurance segment, various distribution channels in the Vietnamese life insurance segment, detailed competitive landscape [Prudential Vietnam Assurance Private Ltd, Bao Viet Life Insurance Corp, Manulife (Vietnam) Ltd, Dai-ichi Life Insurance Company of Vietnam Ltd, AIA (Vietnam) Life Insurance Co. Ltd, PVI Sun Life Insurance Company Ltd, ACE Life Insurance Company Ltd, Prevoir Vietnam Life Insurance Co., Ltd, Hanwha Life Insurance Co. Ltd and Cathay Life Insurance (Vietnam) Co. Ltd ] in the life insurance segment in Vietnam, detailed regulatory policies of the Vietnamese insurance industry, analysis of various consumer segments in Vietnamese life insurance (individual single-premium individual non-single premium and group non-single-premium), key developments in the Vietnamese life insurance segment as well as new products launched by Vietnamese life insurers. Analysis of life insurance market in Vietnam by distribution channels like bancassurance, agencies, e-commerce and brokers is provided in this research. This research can be ordered online at http://marketreportsstore.com/purchase?rname=30116 .

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